Sparebanken Ost (Norway) Probability of Future Stock Price Finishing Under 65.48
| SPOG Stock | NOK 65.10 1.65 2.47% |
Sparebanken |
Sparebanken Ost Target Price Odds to finish below 65.48
The tendency of Sparebanken 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 stay under 65.48 after 90 days |
| 65.10 | 90 days | 65.48 | about 83.49 |
Based on a normal probability distribution, the odds of Sparebanken Ost to stay under 65.48 after 90 days from now is about 83.49 (This Sparebanken Ost probability density function shows the probability of Sparebanken Stock to fall within a particular range of prices over 90 days) . Probability of Sparebanken Ost price to stay between its current price of 65.10 and 65.48 at the end of the 90-day period is roughly 2.88 .
Assuming the 90 days trading horizon Sparebanken Ost has a beta of 0.23. This usually implies as returns on the market go up, Sparebanken Ost average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Sparebanken Ost will be expected to be much smaller as well. Additionally Sparebanken Ost has an alpha of 0.0691, implying that it can generate a 0.0691 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Sparebanken Ost Price Density |
| Price |
Predictive Modules for Sparebanken Ost
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Sparebanken Ost. 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.Sparebanken Ost Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Sparebanken Ost is not an exception. The market had few large corrections towards the Sparebanken Ost'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 Sparebanken Ost, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Sparebanken Ost within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.07 | |
β | Beta against Dow Jones | 0.23 | |
σ | Overall volatility | 3.43 | |
Ir | Information ratio | -0.02 |
Sparebanken Ost 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 Sparebanken Ost for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Sparebanken Ost can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Sparebanken Ost has high likelihood to experience some financial distress in the next 2 years | |
| Sparebanken Ost has accumulated about 721.5 M in cash with (1.5 B) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 34.8. | |
| Roughly 21.0% of the company outstanding shares are owned by corporate insiders |
Sparebanken Ost 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 Sparebanken Stock often depends not only on the future outlook of the current and potential Sparebanken Ost'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. Sparebanken Ost's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 20.7 M | |
| Cash And Short Term Investments | 302.6 M |
Sparebanken Ost Technical Analysis
Sparebanken Ost's future price can be derived by breaking down and analyzing its technical indicators over time. Sparebanken Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Sparebanken Ost. In general, you should focus on analyzing Sparebanken Stock price patterns and their correlations with different microeconomic environments and drivers.
Sparebanken Ost Predictive Forecast Models
Sparebanken Ost's time-series forecasting models is one of many Sparebanken Ost'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 Sparebanken Ost'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 Sparebanken Ost
Checking the ongoing alerts about Sparebanken Ost for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Sparebanken Ost help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Sparebanken Ost has high likelihood to experience some financial distress in the next 2 years | |
| Sparebanken Ost has accumulated about 721.5 M in cash with (1.5 B) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 34.8. | |
| Roughly 21.0% of the company outstanding shares are owned by corporate insiders |
Other Information on Investing in Sparebanken Stock
Sparebanken Ost financial ratios help investors to determine whether Sparebanken 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 Sparebanken with respect to the benefits of owning Sparebanken Ost security.