Petronor (Norway) Odds of Future Stock Price Finishing Over 4.88
| PNOR Stock | NOK 8.70 0.14 1.64% |
Petronor |
Petronor Target Price Odds to finish over 4.88
The tendency of Petronor 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 stay above 4.88 in 90 days |
| 8.70 | 90 days | 4.88 | close to 99 |
Based on a normal probability distribution, the odds of Petronor to stay above 4.88 in 90 days from now is close to 99 (This Petronor EP probability density function shows the probability of Petronor Stock to fall within a particular range of prices over 90 days) . Probability of Petronor EP price to stay between 4.88 and its current price of 8.7 at the end of the 90-day period is more than 93.0 .
Assuming the 90 days trading horizon Petronor EP has a beta of -0.0011 indicating as returns on the benchmark increase, returns on holding Petronor are expected to decrease at a much lower rate. During a bear market, however, Petronor EP is likely to outperform the market. Additionally Petronor EP has an alpha of 0.1127, implying that it can generate a 0.11 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Petronor Price Density |
| Price |
Predictive Modules for Petronor
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Petronor EP. 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 Petronor'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.
Petronor Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Petronor is not an exception. The market had few large corrections towards the Petronor'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 Petronor EP, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Petronor within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.11 | |
β | Beta against NYSE Composite | -0.0011 | |
σ | Overall volatility | 0.33 | |
Ir | Information ratio | 0.03 |
Petronor 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 Petronor for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Petronor EP can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| About 69.0% of the company outstanding shares are owned by corporate insiders |
Petronor 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 Petronor Stock often depends not only on the future outlook of the current and potential Petronor'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. Petronor's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 1.3 B | |
| Cash And Short Term Investments | 31.8 M |
Petronor Technical Analysis
Petronor's future price can be derived by breaking down and analyzing its technical indicators over time. Petronor Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Petronor EP. In general, you should focus on analyzing Petronor Stock price patterns and their correlations with different microeconomic environments and drivers.
Petronor Predictive Forecast Models
Petronor's time-series forecasting models is one of many Petronor'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 Petronor'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 Petronor EP
Checking the ongoing alerts about Petronor for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Petronor EP help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| About 69.0% of the company outstanding shares are owned by corporate insiders |
Check out Petronor Backtesting, Petronor Valuation, Petronor Correlation, Petronor Hype Analysis, Petronor Volatility, Petronor History as well as Petronor Performance. You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Complementary Tools for Petronor Stock analysis
When running Petronor's price analysis, check to measure Petronor'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 Petronor is operating at the current time. Most of Petronor's value examination focuses on studying past and present price action to predict the probability of Petronor's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Petronor's price. Additionally, you may evaluate how the addition of Petronor to your portfolios can decrease your overall portfolio volatility.
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios | |
| CEOs Directory Screen CEOs from public companies around the world | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance |