Spinnova (Finland) Odds of Future Stock Price Finishing Over 10.27
| SPINN Stock | 0.90 0.02 2.27% |
Spinnova |
Spinnova Target Price Odds to finish over 10.27
The tendency of Spinnova Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move over 10.27 or more in 90 days |
| 0.90 | 90 days | 10.27 | close to zero percent |
Based on a normal probability distribution, the odds of Spinnova to move over 10.27 or more in 90 days from now is close to zero percent (This Spinnova Oy probability density function shows the probability of Spinnova Stock to fall within a particular range of prices over 90 days) . Probability of Spinnova Oy price to stay between its current price of 0.90 and 10.27 at the end of the 90-day period is close to 99 .
Assuming the 90 days trading horizon Spinnova Oy has a beta of -0.51. This usually implies as returns on the benchmark increase, returns on holding Spinnova are expected to decrease at a much lower rate. During a bear market, however, Spinnova Oy is likely to outperform the market. Additionally Spinnova Oy has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Spinnova Price Density |
| Price |
Predictive Modules for Spinnova
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Spinnova Oy. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Spinnova Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Spinnova is not an exception. The market had few large corrections towards the Spinnova's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Spinnova Oy, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Spinnova within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.81 | |
β | Beta against Dow Jones | -0.51 | |
σ | Overall volatility | 0.17 | |
Ir | Information ratio | -0.38 |
Spinnova Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Spinnova for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Spinnova Oy can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Spinnova Oy generated a negative expected return over the last 90 days | |
| Spinnova Oy has some characteristics of a very speculative penny stock | |
| The company reported the revenue of 6.06 M. Net Loss for the year was (15.42 M) with profit before overhead, payroll, taxes, and interest of 1.04 M. | |
| Spinnova generates negative cash flow from operations | |
| About 37.0% of the company outstanding shares are owned by corporate insiders |
Spinnova Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Spinnova Stock often depends not only on the future outlook of the current and potential Spinnova's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Spinnova's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 51.2 M |
Spinnova Technical Analysis
Spinnova's future price can be derived by breaking down and analyzing its technical indicators over time. Spinnova Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Spinnova Oy. In general, you should focus on analyzing Spinnova Stock price patterns and their correlations with different microeconomic environments and drivers.
Spinnova Predictive Forecast Models
Spinnova's time-series forecasting models is one of many Spinnova's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Spinnova's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Spinnova Oy
Checking the ongoing alerts about Spinnova for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Spinnova Oy help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Spinnova Oy generated a negative expected return over the last 90 days | |
| Spinnova Oy has some characteristics of a very speculative penny stock | |
| The company reported the revenue of 6.06 M. Net Loss for the year was (15.42 M) with profit before overhead, payroll, taxes, and interest of 1.04 M. | |
| Spinnova generates negative cash flow from operations | |
| About 37.0% of the company outstanding shares are owned by corporate insiders |
Other Information on Investing in Spinnova Stock
Spinnova financial ratios help investors to determine whether Spinnova Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Spinnova with respect to the benefits of owning Spinnova security.