Grong Sparebank (Norway) Probability of Future Stock Price Finishing Over 149.96
| GRONG Stock | NOK 149.96 0.02 0.01% |
Grong |
Grong Sparebank Target Price Odds to finish over 149.96
The tendency of Grong 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 above the current price in 90 days |
| 149.96 | 90 days | 149.96 | about 16.95 |
Based on a normal probability distribution, the odds of Grong Sparebank to move above the current price in 90 days from now is about 16.95 (This Grong Sparebank probability density function shows the probability of Grong Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon Grong Sparebank has a beta of 0.24. This usually indicates as returns on the market go up, Grong Sparebank average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Grong Sparebank will be expected to be much smaller as well. Additionally Grong Sparebank 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. Grong Sparebank Price Density |
| Price |
Predictive Modules for Grong Sparebank
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Grong Sparebank. 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.Grong Sparebank Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Grong Sparebank is not an exception. The market had few large corrections towards the Grong Sparebank'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 Grong Sparebank, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Grong Sparebank within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.01 | |
β | Beta against Dow Jones | 0.24 | |
σ | Overall volatility | 2.05 | |
Ir | Information ratio | -0.1 |
Grong Sparebank 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 Grong Sparebank for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Grong Sparebank can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Grong Sparebank has accumulated about 892.5 M in cash with (220.29 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 300.25. | |
| Roughly 38.0% of the company shares are held by company insiders |
Grong Sparebank 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 Grong Stock often depends not only on the future outlook of the current and potential Grong Sparebank'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. Grong Sparebank's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 3 M |
Grong Sparebank Technical Analysis
Grong Sparebank's future price can be derived by breaking down and analyzing its technical indicators over time. Grong Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Grong Sparebank. In general, you should focus on analyzing Grong Stock price patterns and their correlations with different microeconomic environments and drivers.
Grong Sparebank Predictive Forecast Models
Grong Sparebank's time-series forecasting models is one of many Grong Sparebank'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 Grong Sparebank'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 Grong Sparebank
Checking the ongoing alerts about Grong Sparebank for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Grong Sparebank help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Grong Sparebank has accumulated about 892.5 M in cash with (220.29 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 300.25. | |
| Roughly 38.0% of the company shares are held by company insiders |
Other Information on Investing in Grong Stock
Grong Sparebank financial ratios help investors to determine whether Grong 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 Grong with respect to the benefits of owning Grong Sparebank security.