>

Nordea Probability of Target Price Finishing Over Current Price

NDI
NDIEUENHKL -- Denmark Stock  

DKK 83.60  2.52  3.11%

Nordea Invest probability of target price tool provides mechanism to make assumptions about upside and downside potential of Nordea Invest Europe Enhanced K performance during a given time horizon utilizing its historical volatility.
View Price Probability For
Refresh
Please specify Nordea Invest time horizon, a valid symbol (red box) and a target price (blue box) you would like Nordea Invest odds to be computed. Additionally, see Stocks Correlation.
Apply Odds

Nordea Invest Target Price Odds to finish over

Current PriceHorizonTarget PriceOdds to move above current price in 30 days
 83.60 30 days 83.60 
about 89.56
Based on normal probability distribution, the odds of Nordea Invest to move above current price in 30 days from now is about 89.56 (This Nordea Invest Europe Enhanced K probability density function shows the probability of Nordea Invest Stock to fall within a particular range of prices over 30 days) .
Assuming 30 trading days horizon, Nordea Invest Europe Enhanced K has beta of -0.011 indicating as returns on benchmark increase, returns on holding Nordea Invest are expected to decrease at a much smaller rate. During bear market, however, Nordea Invest Europe Enhanced K is likely to outperform the market. Additionally The company has a negative alpha implying that the risk taken by holding this equity is not justified. Nordea Invest Europe is significantly underperforming DOW.
 Nordea Invest Price Density 
    
  Price 
α
Alpha over DOW
=3.25
β
Beta against DOW=0.01
σ
Overall volatility
=11.55
Ir
Information ratio =0.34

Nordea Invest Alerts and Suggestions

Nordea Invest Europe is not yet fully synchronised with the market data
Nordea Invest Europe generates negative expected return over the last 30 days
Nordea Invest Europe has high historical volatility and very poor performance
Macroaxis is not a registered investment advisor or broker/dealer. All investments, including stocks, funds, ETFs, or cryptocurrencies, are speculative and involve substantial risk of loss. We encourage our investors to invest carefully. Much of our information is derived directly from data published by companies or submitted to governmental agencies which we believe are reliable, but are without our independent verification. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way warrant or guarantee the success of any action you take in reliance on our statements or recommendations. Also, note that past performance is not necessarily indicative of future results. All investments carry risk, and all investment decisions of an individual remain the responsibility of that individual. There is no guarantee that systems, indicators, or signals will result in profits or that they will not result in losses. All investors are advised to fully understand all risks associated with any investing they choose to do. Hypothetical or simulated performance is not indicative of future results. We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown because hypothetical or simulated performance is not necessarily indicative of future results. For more information please visit our terms and condition page