Icelandair Group (Iceland) Probability of Future Stock Price Finishing Over 9.58
| ICEAIR Stock | ISK 1.16 0.01 0.85% |
Icelandair |
Icelandair Group Target Price Odds to finish over 9.58
The tendency of Icelandair 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 9.58 or more in 90 days |
| 1.16 | 90 days | 9.58 | close to zero percent |
Based on a normal probability distribution, the odds of Icelandair Group to move over 9.58 or more in 90 days from now is close to zero percent (This Icelandair Group hf probability density function shows the probability of Icelandair Stock to fall within a particular range of prices over 90 days) . Probability of Icelandair Group price to stay between its current price of 1.16 and 9.58 at the end of the 90-day period is under 95 .
Assuming the 90 days trading horizon Icelandair Group has a beta of 0.22. This usually indicates as returns on the market go up, Icelandair Group average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Icelandair Group hf will be expected to be much smaller as well. Additionally Icelandair Group hf 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. Icelandair Group Price Density |
| Price |
Predictive Modules for Icelandair 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 Icelandair Group. 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.Icelandair Group Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Icelandair Group is not an exception. The market had few large corrections towards the Icelandair 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 Icelandair Group hf, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Icelandair Group within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.33 | |
β | Beta against Dow Jones | 0.22 | |
σ | Overall volatility | 0.10 | |
Ir | Information ratio | -0.13 |
Icelandair 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 Icelandair Group for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Icelandair Group can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Icelandair Group generated a negative expected return over the last 90 days | |
| Icelandair Group may become a speculative penny stock | |
| Icelandair Group has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Icelandair Group hf has accumulated 594.67 M in total debt with debt to equity ratio (D/E) of 139.6, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Icelandair Group has a current ratio of 0.75, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Icelandair Group until it has trouble settling it off, either with new capital or with free cash flow. So, Icelandair Group's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Icelandair Group sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Icelandair to invest in growth at high rates of return. When we think about Icelandair Group's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the revenue of 1.48 B. Net Loss for the year was (76.58 M) with profit before overhead, payroll, taxes, and interest of 437.21 M. |
Icelandair 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 Icelandair Stock often depends not only on the future outlook of the current and potential Icelandair 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. Icelandair Group's indicators that are reflective of the short sentiment are summarized in the table below.
| Float Shares | 3.97B | |
| Average Daily Volume Last 10 Day | 8.81M | |
| Average Daily Volume In Three Month | 12.07M | |
| Trailing Annual Dividend Yield | 0.01% |
Icelandair Group Technical Analysis
Icelandair Group's future price can be derived by breaking down and analyzing its technical indicators over time. Icelandair Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Icelandair Group hf. In general, you should focus on analyzing Icelandair Stock price patterns and their correlations with different microeconomic environments and drivers.
Icelandair Group Predictive Forecast Models
Icelandair Group's time-series forecasting models is one of many Icelandair 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 Icelandair 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 Icelandair Group
Checking the ongoing alerts about Icelandair Group for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Icelandair Group help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Icelandair Group generated a negative expected return over the last 90 days | |
| Icelandair Group may become a speculative penny stock | |
| Icelandair Group has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Icelandair Group hf has accumulated 594.67 M in total debt with debt to equity ratio (D/E) of 139.6, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Icelandair Group has a current ratio of 0.75, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Icelandair Group until it has trouble settling it off, either with new capital or with free cash flow. So, Icelandair Group's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Icelandair Group sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Icelandair to invest in growth at high rates of return. When we think about Icelandair Group's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the revenue of 1.48 B. Net Loss for the year was (76.58 M) with profit before overhead, payroll, taxes, and interest of 437.21 M. |
Other Information on Investing in Icelandair Stock
Icelandair Group financial ratios help investors to determine whether Icelandair 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 Icelandair with respect to the benefits of owning Icelandair Group security.