Edda Wind (Norway) Probability of Future Stock Price Finishing Over 27.88
| EWIND Stock | 20.20 0.40 1.94% |
Edda |
Edda Wind Target Price Odds to finish over 27.88
The tendency of Edda 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 27.88 or more in 90 days |
| 20.20 | 90 days | 27.88 | near 1 |
Based on a normal probability distribution, the odds of Edda Wind to move over 27.88 or more in 90 days from now is near 1 (This Edda Wind ASA probability density function shows the probability of Edda Stock to fall within a particular range of prices over 90 days) . Probability of Edda Wind ASA price to stay between its current price of 20.20 and 27.88 at the end of the 90-day period is about 69.85 .
Assuming the 90 days trading horizon Edda Wind has a beta of 0.0126 suggesting as returns on the market go up, Edda Wind average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Edda Wind ASA will be expected to be much smaller as well. Additionally Edda Wind ASA 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. Edda Wind Price Density |
| Price |
Predictive Modules for Edda Wind
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Edda Wind 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Edda Wind's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Edda Wind Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Edda Wind is not an exception. The market had few large corrections towards the Edda Wind'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 Edda Wind ASA, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Edda Wind within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.12 | |
β | Beta against Dow Jones | 0.01 | |
σ | Overall volatility | 0.75 | |
Ir | Information ratio | -0.09 |
Edda Wind 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 Edda Wind for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Edda Wind 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.| Edda Wind ASA generated a negative expected return over the last 90 days | |
| About 70.0% of the company shares are held by company insiders |
Edda Wind 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 Edda Stock often depends not only on the future outlook of the current and potential Edda Wind'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. Edda Wind's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 64.3 M | |
| Cash And Short Term Investments | 89.5 M |
Edda Wind Technical Analysis
Edda Wind's future price can be derived by breaking down and analyzing its technical indicators over time. Edda Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Edda Wind ASA. In general, you should focus on analyzing Edda Stock price patterns and their correlations with different microeconomic environments and drivers.
Edda Wind Predictive Forecast Models
Edda Wind's time-series forecasting models is one of many Edda Wind'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 Edda Wind'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 Edda Wind ASA
Checking the ongoing alerts about Edda Wind for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Edda Wind ASA help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Edda Wind ASA generated a negative expected return over the last 90 days | |
| About 70.0% of the company shares are held by company insiders |
Other Information on Investing in Edda Stock
Edda Wind financial ratios help investors to determine whether Edda 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 Edda with respect to the benefits of owning Edda Wind security.