Storebrand ASA (Norway) Probability of Future Stock Price Finishing Over 129.99
| STB Stock | NOK 121.20 0.90 0.74% |
Storebrand |
Storebrand ASA Target Price Odds to finish over 129.99
The tendency of Storebrand 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 129.99 or more in 90 days |
| 121.20 | 90 days | 129.99 | near 1 |
Based on a normal probability distribution, the odds of Storebrand ASA to move over 129.99 or more in 90 days from now is near 1 (This Storebrand ASA probability density function shows the probability of Storebrand Stock to fall within a particular range of prices over 90 days) . Probability of Storebrand ASA price to stay between its current price of 121.20 and 129.99 at the end of the 90-day period is about 35.59 .
Assuming the 90 days trading horizon Storebrand ASA has a beta of -0.41. This usually implies as returns on the benchmark increase, returns on holding Storebrand ASA are expected to decrease at a much lower rate. During a bear market, however, Storebrand ASA is likely to outperform the market. Additionally Storebrand ASA has an alpha of 0.1549, implying that it can generate a 0.15 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Storebrand ASA Price Density |
| Price |
Predictive Modules for Storebrand ASA
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Storebrand ASA. 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.Storebrand ASA Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Storebrand ASA is not an exception. The market had few large corrections towards the Storebrand ASA'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 Storebrand ASA, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Storebrand ASA within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.15 | |
β | Beta against Dow Jones | -0.41 | |
σ | Overall volatility | 4.34 | |
Ir | Information ratio | -0.0071 |
Storebrand ASA 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 Storebrand ASA for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Storebrand ASA can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Storebrand ASA has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Storebrand ASA has accumulated 43.78 B in total debt with debt to equity ratio (D/E) of 86.6, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Storebrand ASA has a current ratio of 0.6, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Storebrand ASA until it has trouble settling it off, either with new capital or with free cash flow. So, Storebrand ASA's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Storebrand ASA sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Storebrand to invest in growth at high rates of return. When we think about Storebrand ASA's use of debt, we should always consider it together with cash and equity. | |
| About 69.0% of Storebrand ASA shares are owned by institutional investors |
Storebrand ASA 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 Storebrand Stock often depends not only on the future outlook of the current and potential Storebrand ASA'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. Storebrand ASA's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 464.2 M |
Storebrand ASA Technical Analysis
Storebrand ASA's future price can be derived by breaking down and analyzing its technical indicators over time. Storebrand Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Storebrand ASA. In general, you should focus on analyzing Storebrand Stock price patterns and their correlations with different microeconomic environments and drivers.
Storebrand ASA Predictive Forecast Models
Storebrand ASA's time-series forecasting models is one of many Storebrand ASA'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 Storebrand ASA'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 Storebrand ASA
Checking the ongoing alerts about Storebrand ASA for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Storebrand ASA help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Storebrand ASA has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Storebrand ASA has accumulated 43.78 B in total debt with debt to equity ratio (D/E) of 86.6, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Storebrand ASA has a current ratio of 0.6, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Storebrand ASA until it has trouble settling it off, either with new capital or with free cash flow. So, Storebrand ASA's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Storebrand ASA sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Storebrand to invest in growth at high rates of return. When we think about Storebrand ASA's use of debt, we should always consider it together with cash and equity. | |
| About 69.0% of Storebrand ASA shares are owned by institutional investors |
Other Information on Investing in Storebrand Stock
Storebrand ASA financial ratios help investors to determine whether Storebrand 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 Storebrand with respect to the benefits of owning Storebrand ASA security.