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Storebrand Probability of Target Price Finishing Over Current Price

ST
STIGEP -- Denmark Stock  

DKK 979.90  32.00  3.38%

Storebrand Global probability of target price tool provides mechanism to make assumptions about upside and downside potential of Storebrand Global ESG Plus A5 performance during a given time horizon utilizing its historical volatility.
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Storebrand Global Target Price Odds to finish over

Current PriceHorizonTarget PriceOdds to move above current price in 30 days
 979.90 30 days 979.90 
about 73.62
Based on normal probability distribution, the odds of Storebrand Global to move above current price in 30 days from now is about 73.62 (This Storebrand Global ESG Plus A5 probability density function shows the probability of Storebrand Global Stock to fall within a particular range of prices over 30 days) .
Assuming 30 trading days horizon, Storebrand Global has beta of 0.0686 . This entails as returns on market go up, Storebrand Global average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Storebrand Global ESG Plus A5 will be expected to be much smaller as well. Additionally The company has a negative alpha implying that the risk taken by holding this equity is not justified. Storebrand Global ESG is significantly underperforming DOW.
 Storebrand Global Price Density 
    
  Price 
α
Alpha over DOW
=0.7
β
Beta against DOW=0.07
σ
Overall volatility
=118.19
Ir
Information ratio =0.04

Storebrand Global Alerts and Suggestions

Storebrand Global is not yet fully synchronised with the market data
Storebrand Global generates negative expected return over the last 30 days
Storebrand Global has high historical volatility and very poor performance
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