EQUINOR ASA (Brazil) Probability of Future Stock Price Finishing Over 78.20
| E1QN34 Stock | BRL 76.09 0.91 1.18% |
EQUINOR |
EQUINOR ASA Target Price Odds to finish over 78.20
The tendency of EQUINOR 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 R$ 78.20 or more in 90 days |
| 76.09 | 90 days | 78.20 | near 1 |
Based on a normal probability distribution, the odds of EQUINOR ASA to move over R$ 78.20 or more in 90 days from now is near 1 (This EQUINOR ASA DRN probability density function shows the probability of EQUINOR Stock to fall within a particular range of prices over 90 days) . Probability of EQUINOR ASA DRN price to stay between its current price of R$ 76.09 and R$ 78.20 at the end of the 90-day period is roughly 2.96 .
Assuming the 90 days trading horizon EQUINOR ASA DRN has a beta of -0.2 suggesting as returns on the benchmark increase, returns on holding EQUINOR ASA are expected to decrease at a much lower rate. During a bear market, however, EQUINOR ASA DRN is likely to outperform the market. Additionally EQUINOR ASA DRN has an alpha of 0.1403, implying that it can generate a 0.14 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). EQUINOR ASA Price Density |
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Predictive Modules for EQUINOR ASA
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as EQUINOR ASA DRN. 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.EQUINOR ASA Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. EQUINOR ASA is not an exception. The market had few large corrections towards the EQUINOR ASA'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 EQUINOR ASA DRN, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of EQUINOR ASA within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.14 | |
β | Beta against Dow Jones | -0.2 | |
σ | Overall volatility | 3.31 | |
Ir | Information ratio | 0.04 |
EQUINOR ASA Technical Analysis
EQUINOR ASA's future price can be derived by breaking down and analyzing its technical indicators over time. EQUINOR Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of EQUINOR ASA DRN. In general, you should focus on analyzing EQUINOR Stock price patterns and their correlations with different microeconomic environments and drivers.
EQUINOR ASA Predictive Forecast Models
EQUINOR ASA's time-series forecasting models is one of many EQUINOR ASA'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 EQUINOR ASA'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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards EQUINOR ASA in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, EQUINOR ASA's short interest history, or implied volatility extrapolated from EQUINOR ASA options trading.
Other Information on Investing in EQUINOR Stock
EQUINOR ASA financial ratios help investors to determine whether EQUINOR 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 EQUINOR with respect to the benefits of owning EQUINOR ASA security.