Aasen Sparebank (Norway) Probability of Future Stock Price Finishing Under 119.24
| AASB Stock | NOK 118.90 0.30 0.25% |
Aasen |
Aasen Sparebank Target Price Odds to finish below 119.24
The tendency of Aasen 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 under 119.24 after 90 days |
| 118.90 | 90 days | 119.24 | about 86.75 |
Based on a normal probability distribution, the odds of Aasen Sparebank to stay under 119.24 after 90 days from now is about 86.75 (This Aasen Sparebank probability density function shows the probability of Aasen Stock to fall within a particular range of prices over 90 days) . Probability of Aasen Sparebank price to stay between its current price of 118.90 and 119.24 at the end of the 90-day period is roughly 2.14 .
Assuming the 90 days trading horizon Aasen Sparebank has a beta of 0.13. This suggests as returns on the market go up, Aasen Sparebank average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Aasen Sparebank will be expected to be much smaller as well. Additionally Aasen Sparebank has an alpha of 0.048, implying that it can generate a 0.048 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Aasen Sparebank Price Density |
| Price |
Predictive Modules for Aasen Sparebank
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Aasen Sparebank. 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.Aasen Sparebank Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Aasen Sparebank is not an exception. The market had few large corrections towards the Aasen Sparebank'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 Aasen Sparebank, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Aasen Sparebank within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.05 | |
β | Beta against Dow Jones | 0.13 | |
σ | Overall volatility | 3.55 | |
Ir | Information ratio | -0.04 |
Aasen Sparebank 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 Aasen Sparebank for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Aasen Sparebank can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Aasen Sparebank has accumulated about 12.09 M in cash with (55.77 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 11.93. | |
| Roughly 19.0% of the company shares are held by company insiders |
Aasen Sparebank 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 Aasen Stock often depends not only on the future outlook of the current and potential Aasen Sparebank'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. Aasen Sparebank's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 1.1 M | |
| Cash And Short Term Investments | 12.1 M |
Aasen Sparebank Technical Analysis
Aasen Sparebank's future price can be derived by breaking down and analyzing its technical indicators over time. Aasen Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Aasen Sparebank. In general, you should focus on analyzing Aasen Stock price patterns and their correlations with different microeconomic environments and drivers.
Aasen Sparebank Predictive Forecast Models
Aasen Sparebank's time-series forecasting models is one of many Aasen Sparebank'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 Aasen Sparebank'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 Aasen Sparebank
Checking the ongoing alerts about Aasen Sparebank for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Aasen Sparebank help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Aasen Sparebank has accumulated about 12.09 M in cash with (55.77 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 11.93. | |
| Roughly 19.0% of the company shares are held by company insiders |
Other Information on Investing in Aasen Stock
Aasen Sparebank financial ratios help investors to determine whether Aasen Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Aasen with respect to the benefits of owning Aasen Sparebank security.