Endur ASA (Norway) Probability of Future Stock Price Finishing Under 62.14
| ENDUR Stock | NOK 67.90 1.20 1.80% |
Endur |
Endur ASA Target Price Odds to finish below 62.14
The tendency of Endur 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 drop to 62.14 or more in 90 days |
| 67.90 | 90 days | 62.14 | about 78.39 |
Based on a normal probability distribution, the odds of Endur ASA to drop to 62.14 or more in 90 days from now is about 78.39 (This Endur ASA probability density function shows the probability of Endur Stock to fall within a particular range of prices over 90 days) . Probability of Endur ASA price to stay between 62.14 and its current price of 67.9 at the end of the 90-day period is about 21.2 .
Assuming the 90 days trading horizon Endur ASA has a beta of -0.31 suggesting as returns on the benchmark increase, returns on holding Endur ASA are expected to decrease at a much lower rate. During a bear market, however, Endur ASA is likely to outperform the market. Additionally Endur ASA has an alpha of 0.2657, implying that it can generate a 0.27 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Endur ASA Price Density |
| Price |
Predictive Modules for Endur 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 Endur ASA. 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.Endur ASA Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Endur ASA is not an exception. The market had few large corrections towards the Endur 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 Endur ASA, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Endur ASA within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.27 | |
β | Beta against Dow Jones | -0.31 | |
σ | Overall volatility | 2.79 | |
Ir | Information ratio | 0.07 |
Endur ASA 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 Endur ASA for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Endur ASA can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| The company reported the revenue of 2.01 B. Net Loss for the year was (51.8 M) with profit before overhead, payroll, taxes, and interest of 711.7 M. | |
| Endur ASA has accumulated about 287.3 M in cash with (28.9 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 12.28. | |
| Roughly 64.0% of the company shares are held by company insiders |
Endur ASA 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 Endur Stock often depends not only on the future outlook of the current and potential Endur ASA'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. Endur ASA's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 1.1 B | |
| Cash And Short Term Investments | 287.3 M |
Endur ASA Technical Analysis
Endur ASA's future price can be derived by breaking down and analyzing its technical indicators over time. Endur Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Endur ASA. In general, you should focus on analyzing Endur Stock price patterns and their correlations with different microeconomic environments and drivers.
Endur ASA Predictive Forecast Models
Endur ASA's time-series forecasting models is one of many Endur 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 Endur 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.
Things to note about Endur ASA
Checking the ongoing alerts about Endur ASA for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Endur ASA help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| The company reported the revenue of 2.01 B. Net Loss for the year was (51.8 M) with profit before overhead, payroll, taxes, and interest of 711.7 M. | |
| Endur ASA has accumulated about 287.3 M in cash with (28.9 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 12.28. | |
| Roughly 64.0% of the company shares are held by company insiders |
Other Information on Investing in Endur Stock
Endur ASA financial ratios help investors to determine whether Endur 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 Endur with respect to the benefits of owning Endur ASA security.