Bynordic Acquisition Corp Stock Probability of Future Stock Price Finishing Over 11.33
| BYNOU Stock | USD 11.32 0.00 0.00% |
Bynordic |
Bynordic Acquisition Target Price Odds to finish over 11.33
The tendency of Bynordic 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 $ 11.33 or more in 90 days |
| 11.32 | 90 days | 11.33 | near 1 |
Based on a normal probability distribution, the odds of Bynordic Acquisition to move over $ 11.33 or more in 90 days from now is near 1 (This Bynordic Acquisition Corp probability density function shows the probability of Bynordic Stock to fall within a particular range of prices over 90 days) . Probability of Bynordic Acquisition Corp price to stay between its current price of $ 11.32 and $ 11.33 at the end of the 90-day period is about 7.67 .
Assuming the 90 days horizon Bynordic Acquisition has a beta of 0.0036 suggesting as returns on the market go up, Bynordic Acquisition average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Bynordic Acquisition Corp will be expected to be much smaller as well. Additionally Bynordic Acquisition Corp 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. Bynordic Acquisition Price Density |
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Predictive Modules for Bynordic Acquisition
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Bynordic Acquisition Corp. 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.Bynordic Acquisition Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Bynordic Acquisition is not an exception. The market had few large corrections towards the Bynordic Acquisition'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 Bynordic Acquisition Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Bynordic Acquisition within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.02 | |
β | Beta against Dow Jones | 0 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | -2.36 |
Bynordic Acquisition 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 Bynordic Acquisition for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Bynordic Acquisition Corp can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Bynordic Acquisition has high likelihood to experience some financial distress in the next 2 years | |
| Bynordic Acquisition Corp has accumulated about 1.05 M in cash with (3.29 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.04. | |
| Latest headline from news.google.com: BOOTHBAY FUND MANAGEMENT, LLC Acquires Shares in byNordic Acquis - GuruFocus.com |
Bynordic Acquisition 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 Bynordic Stock often depends not only on the future outlook of the current and potential Bynordic Acquisition'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. Bynordic Acquisition's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 18.8 M | |
| Cash And Short Term Investments | 2.3 M |
Bynordic Acquisition Technical Analysis
Bynordic Acquisition's future price can be derived by breaking down and analyzing its technical indicators over time. Bynordic Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Bynordic Acquisition Corp. In general, you should focus on analyzing Bynordic Stock price patterns and their correlations with different microeconomic environments and drivers.
Bynordic Acquisition Predictive Forecast Models
Bynordic Acquisition's time-series forecasting models is one of many Bynordic Acquisition'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 Bynordic Acquisition'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 Bynordic Acquisition Corp
Checking the ongoing alerts about Bynordic Acquisition for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Bynordic Acquisition Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Bynordic Acquisition has high likelihood to experience some financial distress in the next 2 years | |
| Bynordic Acquisition Corp has accumulated about 1.05 M in cash with (3.29 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.04. | |
| Latest headline from news.google.com: BOOTHBAY FUND MANAGEMENT, LLC Acquires Shares in byNordic Acquis - GuruFocus.com |
Additional Tools for Bynordic Stock Analysis
When running Bynordic Acquisition's price analysis, check to measure Bynordic Acquisition's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Bynordic Acquisition is operating at the current time. Most of Bynordic Acquisition's value examination focuses on studying past and present price action to predict the probability of Bynordic Acquisition's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bynordic Acquisition's price. Additionally, you may evaluate how the addition of Bynordic Acquisition to your portfolios can decrease your overall portfolio volatility.