Tethys Oil (Sweden) Probability of Future Stock Price Finishing Under 63.06
| TETY Stock | SEK 56.10 0.60 1.06% |
Tethys |
Tethys Oil Target Price Odds to finish below 63.06
The tendency of Tethys 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 kr 63.06 after 90 days |
| 56.10 | 90 days | 63.06 | about 89.27 |
Based on a normal probability distribution, the odds of Tethys Oil to stay under kr 63.06 after 90 days from now is about 89.27 (This Tethys Oil AB probability density function shows the probability of Tethys Stock to fall within a particular range of prices over 90 days) . Probability of Tethys Oil AB price to stay between its current price of kr 56.10 and kr 63.06 at the end of the 90-day period is about 19.52 .
Assuming the 90 days trading horizon the stock has the beta coefficient of 1.22 . This usually implies as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Tethys Oil will likely underperform. Moreover Tethys Oil AB has an alpha of 1.0637, implying that it can generate a 1.06 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Tethys Oil Price Density |
| Price |
Predictive Modules for Tethys Oil
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Tethys Oil AB. 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.Tethys Oil Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Tethys Oil is not an exception. The market had few large corrections towards the Tethys Oil'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 Tethys Oil AB, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Tethys Oil within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 1.06 | |
β | Beta against Dow Jones | 1.22 | |
σ | Overall volatility | 9.60 | |
Ir | Information ratio | 0.12 |
Tethys Oil 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 Tethys Oil for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Tethys Oil AB can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Tethys Oil AB is way too risky over 90 days horizon | |
| Tethys Oil AB appears to be risky and price may revert if volatility continues | |
| About 20.0% of the company outstanding shares are owned by corporate insiders |
Tethys Oil 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 Tethys Stock often depends not only on the future outlook of the current and potential Tethys Oil'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. Tethys Oil's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 32.7 M | |
| Cash And Short Term Investments | 68.6 M |
Tethys Oil Technical Analysis
Tethys Oil's future price can be derived by breaking down and analyzing its technical indicators over time. Tethys Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Tethys Oil AB. In general, you should focus on analyzing Tethys Stock price patterns and their correlations with different microeconomic environments and drivers.
Tethys Oil Predictive Forecast Models
Tethys Oil's time-series forecasting models is one of many Tethys Oil'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 Tethys Oil'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 Tethys Oil AB
Checking the ongoing alerts about Tethys Oil for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Tethys Oil AB help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Tethys Oil AB is way too risky over 90 days horizon | |
| Tethys Oil AB appears to be risky and price may revert if volatility continues | |
| About 20.0% of the company outstanding shares are owned by corporate insiders |
Additional Tools for Tethys Stock Analysis
When running Tethys Oil's price analysis, check to measure Tethys Oil's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Tethys Oil is operating at the current time. Most of Tethys Oil's value examination focuses on studying past and present price action to predict the probability of Tethys Oil's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tethys Oil's price. Additionally, you may evaluate how the addition of Tethys Oil to your portfolios can decrease your overall portfolio volatility.