Thule Group (Sweden) Probability of Future Stock Price Finishing Under 235.48
| THULE Stock | SEK 343.40 3.60 1.04% |
Thule |
Thule Group Target Price Odds to finish below 235.48
The tendency of Thule 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 235.48 or more in 90 days |
| 343.40 | 90 days | 235.48 | near 1 |
Based on a normal probability distribution, the odds of Thule Group to drop to kr 235.48 or more in 90 days from now is near 1 (This Thule Group AB probability density function shows the probability of Thule Stock to fall within a particular range of prices over 90 days) . Probability of Thule Group AB price to stay between kr 235.48 and its current price of kr343.4 at the end of the 90-day period is about 80.16 .
Assuming the 90 days trading horizon Thule Group has a beta of 0.22. This usually implies as returns on the market go up, Thule Group average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Thule Group AB will be expected to be much smaller as well. Additionally Thule Group AB has an alpha of 0.1803, implying that it can generate a 0.18 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Thule Group Price Density |
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Predictive Modules for Thule Group
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Thule Group 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Thule Group's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Thule Group Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Thule Group is not an exception. The market had few large corrections towards the Thule Group'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 Thule Group AB, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Thule Group within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.18 | |
β | Beta against Dow Jones | 0.22 | |
σ | Overall volatility | 28.64 | |
Ir | Information ratio | 0.03 |
Thule Group 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 Thule Group for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Thule Group 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.| The company has kr1.55 Billion in debt which may indicate that it relies heavily on debt financing | |
| Over 88.0% of the company shares are owned by institutional investors |
Thule Group 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 Thule Stock often depends not only on the future outlook of the current and potential Thule Group'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. Thule Group's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 105.6 M | |
| Cash And Short Term Investments | 149 M |
Thule Group Technical Analysis
Thule Group's future price can be derived by breaking down and analyzing its technical indicators over time. Thule Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Thule Group AB. In general, you should focus on analyzing Thule Stock price patterns and their correlations with different microeconomic environments and drivers.
Thule Group Predictive Forecast Models
Thule Group's time-series forecasting models is one of many Thule Group'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 Thule Group'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 Thule Group AB
Checking the ongoing alerts about Thule Group for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Thule Group AB help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| The company has kr1.55 Billion in debt which may indicate that it relies heavily on debt financing | |
| Over 88.0% of the company shares are owned by institutional investors |
Additional Tools for Thule Stock Analysis
When running Thule Group's price analysis, check to measure Thule Group'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 Thule Group is operating at the current time. Most of Thule Group's value examination focuses on studying past and present price action to predict the probability of Thule Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Thule Group's price. Additionally, you may evaluate how the addition of Thule Group to your portfolios can decrease your overall portfolio volatility.