PETRONOR Probability of Target Price Finishing Over 0.917

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PNOR -- Norway Stock  

NOK 0.99  0.01  1.02%

PETRONOR probability of target price tool provides mechanism to make assumptions about upside and downside potential of PETRONOR EP LTD performance during a given time horizon utilizing its historical volatility.

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Please specify PETRONOR time horizon, a valid symbol (red box) and a target price (blue box) you would like PETRONOR odds to be computed. Please check PETRONOR Backtesting, PETRONOR Valuation, PETRONOR Correlation, PETRONOR Hype Analysis, PETRONOR Volatility, PETRONOR History as well as PETRONOR Performance.
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PETRONOR Target Price Odds to finish over 0.917

Current PriceHorizonTarget PriceOdds to stay above  0.92  in 30 days
 0.99 30 days 0.92 
about 34.03
Based on a normal probability distribution, the odds of PETRONOR to stay above  0.92  in 30 days from now is about 34.03 (This PETRONOR EP LTD probability density function shows the probability of PETRONOR Stock to fall within a particular range of prices over 30 days) . Probability of PETRONOR EP LTD price to stay between  0.92  and its current price of 0.99 at the end of the 30-day period is about 13.51 .
Assuming the 30 trading days horizon, PETRONOR has a beta of 0.0897 indicating as returns on the market go up, PETRONOR average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding PETRONOR EP LTD will be expected to be much smaller as well. Additionally The company has an alpha of 0.8724, implying that it can generate a 0.87 percent excess return over DOW after adjusting for the inherited market risk (beta).
 PETRONOR Price Density 
      Price 
α
Alpha over DOW
=0.87
β
Beta against DOW=0.09
σ
Overall volatility
=0.17
Ir
Information ratio =0.17

PETRONOR Alerts and Suggestions

PETRONOR EP LTD has some characteristics of a very speculative penny stock
PETRONOR EP LTD appears to be very risky and stock price may revert if volatility continues
The company reported revenue of 108.24 M. Net Loss for the year was (13.41 M) with profit before overhead, payroll, taxes, and interest of 65.55 M.

PETRONORPrice Density Drivers

Float Shares121.98M
Average Daily Volume Last 10 Day211.99k
Average Daily Volume In Three Month507.12k
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