Asetek AS (Denmark) Probability of Future Stock Price Finishing Over 35.70
| ASTK Stock | 0.54 0.01 1.89% |
Asetek |
Asetek AS Target Price Odds to finish over 35.70
The tendency of Asetek 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 move over 35.70 or more in 90 days |
| 0.54 | 90 days | 35.70 | close to zero percent |
Based on a normal probability distribution, the odds of Asetek AS to move over 35.70 or more in 90 days from now is close to zero percent (This Asetek AS probability density function shows the probability of Asetek Stock to fall within a particular range of prices over 90 days) . Probability of Asetek AS price to stay between its current price of 0.54 and 35.70 at the end of the 90-day period is close to 99 .
Assuming the 90 days trading horizon Asetek AS has a beta of -2.72. This suggests as returns on its benchmark rise, returns on holding Asetek AS are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Asetek AS is expected to outperform its benchmark. Additionally Asetek AS has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Asetek AS Price Density |
| Price |
Predictive Modules for Asetek AS
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Asetek AS. 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.Asetek AS Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Asetek AS is not an exception. The market had few large corrections towards the Asetek AS'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 Asetek AS, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Asetek AS within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.75 | |
β | Beta against Dow Jones | -2.72 | |
σ | Overall volatility | 0.36 | |
Ir | Information ratio | -0.1 |
Asetek AS 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 Asetek AS for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Asetek AS can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Asetek AS generated a negative expected return over the last 90 days | |
| Asetek AS has high historical volatility and very poor performance | |
| Asetek AS has some characteristics of a very speculative penny stock |
Asetek AS Technical Analysis
Asetek AS's future price can be derived by breaking down and analyzing its technical indicators over time. Asetek Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Asetek AS. In general, you should focus on analyzing Asetek Stock price patterns and their correlations with different microeconomic environments and drivers.
Asetek AS Predictive Forecast Models
Asetek AS's time-series forecasting models is one of many Asetek AS'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 Asetek AS'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 Asetek AS
Checking the ongoing alerts about Asetek AS for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Asetek AS help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Asetek AS generated a negative expected return over the last 90 days | |
| Asetek AS has high historical volatility and very poor performance | |
| Asetek AS has some characteristics of a very speculative penny stock |