Troax Group (Sweden) Probability of Future Stock Price Finishing Over 209.36
| TROAX Stock | SEK 207.50 3.00 1.43% |
Troax |
Troax Group Target Price Odds to finish over 209.36
The tendency of Troax 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 kr 209.36 or more in 90 days |
| 207.50 | 90 days | 209.36 | about 80.62 |
Based on a normal probability distribution, the odds of Troax Group to move over kr 209.36 or more in 90 days from now is about 80.62 (This Troax Group AB probability density function shows the probability of Troax Stock to fall within a particular range of prices over 90 days) . Probability of Troax Group AB price to stay between its current price of kr 207.50 and kr 209.36 at the end of the 90-day period is about 7.18 .
Assuming the 90 days trading horizon Troax Group has a beta of 0.97. This usually implies Troax Group AB market returns are related to returns on the market. As the market goes up or down, Troax Group is expected to follow. Additionally Troax Group AB 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. Troax Group Price Density |
| Price |
Predictive Modules for Troax 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 Troax 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 Troax 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.
Troax Group Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Troax Group is not an exception. The market had few large corrections towards the Troax 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 Troax Group AB, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Troax Group within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.15 | |
β | Beta against Dow Jones | 0.97 | |
σ | Overall volatility | 6.18 | |
Ir | Information ratio | -0.08 |
Troax 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 Troax Group for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Troax 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.| Troax Group AB generated a negative expected return over the last 90 days | |
| Troax Group AB has accumulated 82.32 M in total debt with debt to equity ratio (D/E) of 0.25, which may suggest the company is not taking enough advantage from borrowing. Troax Group AB has a current ratio of 0.93, 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 Troax Group until it has trouble settling it off, either with new capital or with free cash flow. So, Troax Group'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 Troax Group AB sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Troax to invest in growth at high rates of return. When we think about Troax Group's use of debt, we should always consider it together with cash and equity. | |
| About 74.0% of Troax Group shares are owned by institutional investors |
Troax 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 Troax Stock often depends not only on the future outlook of the current and potential Troax 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. Troax Group's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 60 M | |
| Cash And Short Term Investments | 35.2 M |
Troax Group Technical Analysis
Troax Group's future price can be derived by breaking down and analyzing its technical indicators over time. Troax Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Troax Group AB. In general, you should focus on analyzing Troax Stock price patterns and their correlations with different microeconomic environments and drivers.
Troax Group Predictive Forecast Models
Troax Group's time-series forecasting models is one of many Troax 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 Troax 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 Troax Group AB
Checking the ongoing alerts about Troax Group for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Troax Group AB help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Troax Group AB generated a negative expected return over the last 90 days | |
| Troax Group AB has accumulated 82.32 M in total debt with debt to equity ratio (D/E) of 0.25, which may suggest the company is not taking enough advantage from borrowing. Troax Group AB has a current ratio of 0.93, 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 Troax Group until it has trouble settling it off, either with new capital or with free cash flow. So, Troax Group'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 Troax Group AB sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Troax to invest in growth at high rates of return. When we think about Troax Group's use of debt, we should always consider it together with cash and equity. | |
| About 74.0% of Troax Group shares are owned by institutional investors |
Additional Tools for Troax Stock Analysis
When running Troax Group's price analysis, check to measure Troax 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 Troax Group is operating at the current time. Most of Troax Group's value examination focuses on studying past and present price action to predict the probability of Troax 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 Troax Group's price. Additionally, you may evaluate how the addition of Troax Group to your portfolios can decrease your overall portfolio volatility.