TietoEVRY Oyj (Norway) Probability of Future Stock Price Finishing Over 196.5
| TIETO Stock | NOK 196.80 1.40 0.71% |
TietoEVRY |
TietoEVRY Oyj Target Price Odds to finish over 196.5
The tendency of TietoEVRY 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 above 196.50 in 90 days |
| 196.80 | 90 days | 196.50 | about 91.08 |
Based on a normal probability distribution, the odds of TietoEVRY Oyj to stay above 196.50 in 90 days from now is about 91.08 (This TietoEVRY Oyj probability density function shows the probability of TietoEVRY Stock to fall within a particular range of prices over 90 days) . Probability of TietoEVRY Oyj price to stay between 196.50 and its current price of 196.8 at the end of the 90-day period is near 1 .
Assuming the 90 days trading horizon TietoEVRY Oyj has a beta of -0.23. This usually implies as returns on the benchmark increase, returns on holding TietoEVRY Oyj are expected to decrease at a much lower rate. During a bear market, however, TietoEVRY Oyj is likely to outperform the market. Additionally TietoEVRY Oyj has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. TietoEVRY Oyj Price Density |
| Price |
Predictive Modules for TietoEVRY Oyj
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as TietoEVRY Oyj. 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.TietoEVRY Oyj Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. TietoEVRY Oyj is not an exception. The market had few large corrections towards the TietoEVRY Oyj'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 TietoEVRY Oyj, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of TietoEVRY Oyj within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.14 | |
β | Beta against Dow Jones | -0.23 | |
σ | Overall volatility | 9.32 | |
Ir | Information ratio | -0.17 |
TietoEVRY Oyj 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 TietoEVRY Oyj for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for TietoEVRY Oyj can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| TietoEVRY Oyj generated a negative expected return over the last 90 days | |
| TietoEVRY Oyj has accumulated 731.6 M in total debt with debt to equity ratio (D/E) of 0.6, which is about average as compared to similar companies. TietoEVRY Oyj has a current ratio of 0.9, 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 TietoEVRY Oyj until it has trouble settling it off, either with new capital or with free cash flow. So, TietoEVRY Oyj'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 TietoEVRY Oyj sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for TietoEVRY to invest in growth at high rates of return. When we think about TietoEVRY Oyj's use of debt, we should always consider it together with cash and equity. | |
| About 12.0% of TietoEVRY Oyj outstanding shares are owned by corporate insiders |
TietoEVRY Oyj 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 TietoEVRY Stock often depends not only on the future outlook of the current and potential TietoEVRY Oyj'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. TietoEVRY Oyj's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 118.4 M |
TietoEVRY Oyj Technical Analysis
TietoEVRY Oyj's future price can be derived by breaking down and analyzing its technical indicators over time. TietoEVRY Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of TietoEVRY Oyj. In general, you should focus on analyzing TietoEVRY Stock price patterns and their correlations with different microeconomic environments and drivers.
TietoEVRY Oyj Predictive Forecast Models
TietoEVRY Oyj's time-series forecasting models is one of many TietoEVRY Oyj'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 TietoEVRY Oyj'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 TietoEVRY Oyj
Checking the ongoing alerts about TietoEVRY Oyj for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for TietoEVRY Oyj help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| TietoEVRY Oyj generated a negative expected return over the last 90 days | |
| TietoEVRY Oyj has accumulated 731.6 M in total debt with debt to equity ratio (D/E) of 0.6, which is about average as compared to similar companies. TietoEVRY Oyj has a current ratio of 0.9, 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 TietoEVRY Oyj until it has trouble settling it off, either with new capital or with free cash flow. So, TietoEVRY Oyj'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 TietoEVRY Oyj sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for TietoEVRY to invest in growth at high rates of return. When we think about TietoEVRY Oyj's use of debt, we should always consider it together with cash and equity. | |
| About 12.0% of TietoEVRY Oyj outstanding shares are owned by corporate insiders |
Other Information on Investing in TietoEVRY Stock
TietoEVRY Oyj financial ratios help investors to determine whether TietoEVRY 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 TietoEVRY with respect to the benefits of owning TietoEVRY Oyj security.