North Media (Denmark) Probability of Future Stock Price Finishing Over 60.60
| NORTHM Stock | DKK 60.60 0.60 1.00% |
North |
North Media Target Price Odds to finish over 60.60
The tendency of North 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 above the current price in 90 days |
| 60.60 | 90 days | 60.60 | more than 94.0 |
Based on a normal probability distribution, the odds of North Media to move above the current price in 90 days from now is more than 94.0 (This North Media AS probability density function shows the probability of North Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon North Media AS has a beta of -0.24. This indicates as returns on the benchmark increase, returns on holding North Media are expected to decrease at a much lower rate. During a bear market, however, North Media AS is likely to outperform the market. Additionally North Media AS has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. North Media Price Density |
| Price |
Predictive Modules for North Media
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as North Media AS. 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 North Media'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.
North Media Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. North Media is not an exception. The market had few large corrections towards the North Media'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 North Media AS, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of North Media within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.15 | |
β | Beta against NYSE Composite | -0.24 | |
σ | Overall volatility | 5.84 | |
Ir | Information ratio | -0.11 |
North Media 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 North Media for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for North Media AS can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| North Media AS generated a negative expected return over the last 90 days | |
| About 57.0% of the company outstanding shares are owned by corporate insiders |
North Media 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 North Stock often depends not only on the future outlook of the current and potential North Media'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. North Media's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 18.4 M |
North Media Technical Analysis
North Media's future price can be derived by breaking down and analyzing its technical indicators over time. North Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of North Media AS. In general, you should focus on analyzing North Stock price patterns and their correlations with different microeconomic environments and drivers.
North Media Predictive Forecast Models
North Media's time-series forecasting models is one of many North Media'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 North Media'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 North Media AS
Checking the ongoing alerts about North Media for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for North Media AS help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| North Media AS generated a negative expected return over the last 90 days | |
| About 57.0% of the company outstanding shares are owned by corporate insiders |
Check out North Media Backtesting, North Media Valuation, North Media Correlation, North Media Hype Analysis, North Media Volatility, North Media History as well as North Media Performance. Note that the North Media AS information on this page should be used as a complementary analysis to other North Media's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Complementary Tools for North Stock analysis
When running North Media's price analysis, check to measure North Media'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 North Media is operating at the current time. Most of North Media's value examination focuses on studying past and present price action to predict the probability of North Media's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move North Media's price. Additionally, you may evaluate how the addition of North Media to your portfolios can decrease your overall portfolio volatility.
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