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Storebrand Probability of Target Price Finishing Over Current Price

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STIINM -- Denmark Stock  

DKK 811.10  8.10  1.01%

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

Current PriceHorizonTarget PriceOdds to move above current price in 30 days
 811.10 30 days 811.10 
about 97.0
Based on normal probability distribution, the odds of Storebrand Indeks to move above current price in 30 days from now is about 97.0 (This Storebrand Indeks Nye Markede probability density function shows the probability of Storebrand Indeks Stock to fall within a particular range of prices over 30 days) .
Assuming 30 trading days horizon, Storebrand Indeks has beta of 0.2005 . This entails as returns on market go up, Storebrand Indeks average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Storebrand Indeks Nye Markede 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 Indeks Nye is significantly underperforming DOW.
 Storebrand Indeks Price Density 
    
  Price 
α
Alpha over DOW
=3.62
β
Beta against DOW=0.20
σ
Overall volatility
=119.85
Ir
Information ratio =0.44

Storebrand Indeks Alerts and Suggestions

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