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WirTek Probability of Target Price Finishing Over Current Price

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WIRTEK -- Denmark Stock  

DKK 5.80  0.20  3.57%

WirTek AS probability of target price tool provides mechanism to make assumptions about upside and downside potential of WirTek AS performance during a given time horizon utilizing its historical volatility.
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Please specify WirTek AS time horizon, a valid symbol (red box) and a target price (blue box) you would like WirTek AS odds to be computed. Check out WirTek AS Backtesting, WirTek AS Valuation, WirTek AS Correlation, WirTek AS Hype Analysis, WirTek AS Volatility, WirTek AS History as well as WirTek AS Performance.
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WirTek AS Target Price Odds to finish over

Current PriceHorizonTarget PriceOdds to move above current price in 30 days
 5.80 30 days 5.80 
about 99.0
Based on normal probability distribution, the odds of WirTek AS to move above current price in 30 days from now is about 99.0 (This WirTek AS probability density function shows the probability of WirTek AS Stock to fall within a particular range of prices over 30 days) .
Assuming 30 trading days horizon, WirTek AS has beta of 0.0871 . This means as returns on market go up, WirTek AS average returns are expected to increase less than the benchmark. However during bear market, the loss on holding WirTek AS 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. WirTek AS is significantly underperforming DOW.
 WirTek AS Price Density 
    
  Price 
α
Alpha over DOW
=0.36
β
Beta against DOW=0.09
σ
Overall volatility
=0.52
Ir
Information ratio =0.11

WirTek AS Alerts and Suggestions

WirTek AS generates negative expected return over the last 30 days
WirTek AS has high historical volatility and very poor performance

WirTek ASPrice Density Drivers

Trailing Annual Dividend Rate0.11
Average Daily Volume Last 10 Day12.7k
Average Daily Volume In Three Month9.05k
Trailing Annual Dividend Yield1.88%
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