SKAGEN Global (Denmark) Probability of Future Stock Price Finishing Under 2,296
| SKIGLO Stock | DKK 2,282 8.00 0.35% |
SKAGEN |
SKAGEN Global Target Price Odds to finish below 2,296
The tendency of SKAGEN 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 below current price in 90 days |
| 2,282 | 90 days | 2,282 | roughly 2.36 |
Based on a normal probability distribution, the odds of SKAGEN Global to move below current price in 90 days from now is roughly 2.36 (This SKAGEN Global A probability density function shows the probability of SKAGEN Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon SKAGEN Global A has a beta of -0.12. This usually implies as returns on the benchmark increase, returns on holding SKAGEN Global are expected to decrease at a much lower rate. During a bear market, however, SKAGEN Global A is likely to outperform the market. Additionally SKAGEN Global A has an alpha of 0.0066, implying that it can generate a 0.006575 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). SKAGEN Global Price Density |
| Price |
Predictive Modules for SKAGEN Global
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as SKAGEN Global A. 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 SKAGEN Global'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.
SKAGEN Global Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. SKAGEN Global is not an exception. The market had few large corrections towards the SKAGEN Global'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 SKAGEN Global A, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of SKAGEN Global within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.01 | |
β | Beta against NYSE Composite | -0.12 | |
σ | Overall volatility | 35.86 | |
Ir | Information ratio | -0.1 |
SKAGEN Global 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 SKAGEN Global for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for SKAGEN Global A can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| SKAGEN Global A generated a negative expected return over the last 90 days |
SKAGEN Global Technical Analysis
SKAGEN Global's future price can be derived by breaking down and analyzing its technical indicators over time. SKAGEN Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of SKAGEN Global A. In general, you should focus on analyzing SKAGEN Stock price patterns and their correlations with different microeconomic environments and drivers.
SKAGEN Global Predictive Forecast Models
SKAGEN Global's time-series forecasting models is one of many SKAGEN Global'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 SKAGEN Global'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 SKAGEN Global A
Checking the ongoing alerts about SKAGEN Global for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for SKAGEN Global A help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| SKAGEN Global A generated a negative expected return over the last 90 days |
Check out SKAGEN Global Backtesting, SKAGEN Global Valuation, SKAGEN Global Correlation, SKAGEN Global Hype Analysis, SKAGEN Global Volatility, SKAGEN Global History as well as SKAGEN Global Performance. You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
Complementary Tools for SKAGEN Stock analysis
When running SKAGEN Global's price analysis, check to measure SKAGEN Global'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 SKAGEN Global is operating at the current time. Most of SKAGEN Global's value examination focuses on studying past and present price action to predict the probability of SKAGEN Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SKAGEN Global's price. Additionally, you may evaluate how the addition of SKAGEN Global to your portfolios can decrease your overall portfolio volatility.
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