Spar Nord (Denmark) Probability of Future Stock Price Finishing Under 131.81
| SPNO Stock | DKK 136.40 0.20 0.15% |
Spar |
Spar Nord Target Price Odds to finish below 131.81
The tendency of Spar 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 drop to kr 131.81 or more in 90 days |
| 136.40 | 90 days | 131.81 | about 49.84 |
Based on a normal probability distribution, the odds of Spar Nord to drop to kr 131.81 or more in 90 days from now is about 49.84 (This Spar Nord Bank probability density function shows the probability of Spar Stock to fall within a particular range of prices over 90 days) . Probability of Spar Nord Bank price to stay between kr 131.81 and its current price of kr136.4 at the end of the 90-day period is about 34.86 .
Assuming the 90 days trading horizon Spar Nord has a beta of 0.36. This usually implies as returns on the market go up, Spar Nord average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Spar Nord Bank will be expected to be much smaller as well. Additionally Spar Nord Bank has an alpha of 0.0078, implying that it can generate a 0.007829 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Spar Nord Price Density |
| Price |
Predictive Modules for Spar Nord
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Spar Nord Bank. 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.Spar Nord Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Spar Nord is not an exception. The market had few large corrections towards the Spar Nord'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 Spar Nord Bank, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Spar Nord within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.01 | |
β | Beta against Dow Jones | 0.36 | |
σ | Overall volatility | 4.44 | |
Ir | Information ratio | -0.06 |
Spar Nord 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 Spar Nord for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Spar Nord Bank can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Spar Nord Bank has high likelihood to experience some financial distress in the next 2 years | |
| Spar Nord Bank has accumulated about 9.18 B in cash with (473 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 74.68. | |
| Roughly 35.0% of the company outstanding shares are owned by corporate insiders |
Spar Nord 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 Spar Stock often depends not only on the future outlook of the current and potential Spar Nord'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. Spar Nord's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 120.7 M |
Spar Nord Technical Analysis
Spar Nord's future price can be derived by breaking down and analyzing its technical indicators over time. Spar Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Spar Nord Bank. In general, you should focus on analyzing Spar Stock price patterns and their correlations with different microeconomic environments and drivers.
Spar Nord Predictive Forecast Models
Spar Nord's time-series forecasting models is one of many Spar Nord'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 Spar Nord'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 Spar Nord Bank
Checking the ongoing alerts about Spar Nord for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Spar Nord Bank help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Spar Nord Bank has high likelihood to experience some financial distress in the next 2 years | |
| Spar Nord Bank has accumulated about 9.18 B in cash with (473 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 74.68. | |
| Roughly 35.0% of the company outstanding shares are owned by corporate insiders |
Other Information on Investing in Spar Stock
Spar Nord financial ratios help investors to determine whether Spar 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 Spar with respect to the benefits of owning Spar Nord security.