EWork Group (Sweden) Probability of Future Stock Price Finishing Under 137.80
| EWRK Stock | SEK 138.80 0.40 0.29% |
EWork |
EWork Group Target Price Odds to finish below 137.80
The tendency of EWork 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 kr 137.80 or more in 90 days |
| 138.80 | 90 days | 137.80 | about 11.77 |
Based on a normal probability distribution, the odds of EWork Group to drop to kr 137.80 or more in 90 days from now is about 11.77 (This eWork Group AB probability density function shows the probability of EWork Stock to fall within a particular range of prices over 90 days) . Probability of eWork Group AB price to stay between kr 137.80 and its current price of kr138.8 at the end of the 90-day period is about 15.43 .
Assuming the 90 days trading horizon eWork Group AB has a beta of -0.0997 suggesting as returns on the benchmark increase, returns on holding EWork Group are expected to decrease at a much lower rate. During a bear market, however, eWork Group AB is likely to outperform the market. Additionally EWork Group AB 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. EWork Group Price Density |
| Price |
Predictive Modules for EWork Group
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as eWork Group AB. 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.EWork Group Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. EWork Group is not an exception. The market had few large corrections towards the EWork Group'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 eWork Group AB, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of EWork Group within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.0093 | |
β | Beta against Dow Jones | -0.1 | |
σ | Overall volatility | 1.75 | |
Ir | Information ratio | -0.1 |
EWork Group 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 EWork Group for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for eWork Group AB can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| eWork Group AB generated a negative expected return over the last 90 days | |
| eWork Group AB has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| About 66.0% of the company shares are held by company insiders |
EWork Group 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 EWork Stock often depends not only on the future outlook of the current and potential EWork Group'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. EWork Group's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 17.2 M | |
| Cash And Short Term Investments | 154.5 M |
EWork Group Technical Analysis
EWork Group's future price can be derived by breaking down and analyzing its technical indicators over time. EWork Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of eWork Group AB. In general, you should focus on analyzing EWork Stock price patterns and their correlations with different microeconomic environments and drivers.
EWork Group Predictive Forecast Models
EWork Group's time-series forecasting models is one of many EWork Group'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 EWork Group'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 eWork Group AB
Checking the ongoing alerts about EWork Group for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for eWork Group AB help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| eWork Group AB generated a negative expected return over the last 90 days | |
| eWork Group AB has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| About 66.0% of the company shares are held by company insiders |
Additional Tools for EWork Stock Analysis
When running EWork Group's price analysis, check to measure EWork Group'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 EWork Group is operating at the current time. Most of EWork Group's value examination focuses on studying past and present price action to predict the probability of EWork Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EWork Group's price. Additionally, you may evaluate how the addition of EWork Group to your portfolios can decrease your overall portfolio volatility.