Helgeland Sparebank (Norway) Probability of Future Stock Price Finishing Under 138.69
| HELG Stock | NOK 167.00 0.98 0.59% |
Helgeland |
Helgeland Sparebank Target Price Odds to finish below 138.69
The tendency of Helgeland 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 138.69 or more in 90 days |
| 167.00 | 90 days | 138.69 | under 4 |
Based on a normal probability distribution, the odds of Helgeland Sparebank to drop to 138.69 or more in 90 days from now is under 4 (This Helgeland Sparebank probability density function shows the probability of Helgeland Stock to fall within a particular range of prices over 90 days) . Probability of Helgeland Sparebank price to stay between 138.69 and its current price of 167.0 at the end of the 90-day period is about 83.32 .
Assuming the 90 days trading horizon Helgeland Sparebank has a beta of 0.38. This usually indicates as returns on the market go up, Helgeland Sparebank average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Helgeland Sparebank will be expected to be much smaller as well. Additionally Helgeland Sparebank has an alpha of 0.2498, implying that it can generate a 0.25 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Helgeland Sparebank Price Density |
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Predictive Modules for Helgeland 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 Helgeland 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.Helgeland Sparebank Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Helgeland Sparebank is not an exception. The market had few large corrections towards the Helgeland 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 Helgeland Sparebank, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Helgeland Sparebank within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.25 | |
β | Beta against Dow Jones | 0.38 | |
σ | Overall volatility | 9.65 | |
Ir | Information ratio | 0.15 |
Helgeland 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 Helgeland Sparebank for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Helgeland 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.| Helgeland Sparebank has high likelihood to experience some financial distress in the next 2 years | |
| Helgeland Sparebank has accumulated about 1.57 B in cash with (465 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 75.08. | |
| Roughly 57.0% of the company shares are owned by institutional investors |
Helgeland 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 Helgeland Stock often depends not only on the future outlook of the current and potential Helgeland 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. Helgeland Sparebank's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 31.4 M | |
| Cash And Short Term Investments | 73 M |
Helgeland Sparebank Technical Analysis
Helgeland Sparebank's future price can be derived by breaking down and analyzing its technical indicators over time. Helgeland Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Helgeland Sparebank. In general, you should focus on analyzing Helgeland Stock price patterns and their correlations with different microeconomic environments and drivers.
Helgeland Sparebank Predictive Forecast Models
Helgeland Sparebank's time-series forecasting models is one of many Helgeland 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 Helgeland 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 Helgeland Sparebank
Checking the ongoing alerts about Helgeland Sparebank for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Helgeland Sparebank help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Helgeland Sparebank has high likelihood to experience some financial distress in the next 2 years | |
| Helgeland Sparebank has accumulated about 1.57 B in cash with (465 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 75.08. | |
| Roughly 57.0% of the company shares are owned by institutional investors |
Other Information on Investing in Helgeland Stock
Helgeland Sparebank financial ratios help investors to determine whether Helgeland 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 Helgeland with respect to the benefits of owning Helgeland Sparebank security.