Itera ASA (Norway) Probability of Future Stock Price Finishing Over 11.06
| ITERA Stock | NOK 9.14 0.06 0.65% |
Itera |
Itera ASA Target Price Odds to finish over 11.06
The tendency of Itera 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 11.06 or more in 90 days |
| 9.14 | 90 days | 11.06 | nearly 4.3 |
Based on a normal probability distribution, the odds of Itera ASA to move over 11.06 or more in 90 days from now is nearly 4.3 (This Itera ASA probability density function shows the probability of Itera Stock to fall within a particular range of prices over 90 days) . Probability of Itera ASA price to stay between its current price of 9.14 and 11.06 at the end of the 90-day period is about 83.17 .
Assuming the 90 days trading horizon Itera ASA has a beta of -0.11. This usually indicates as returns on the benchmark increase, returns on holding Itera ASA are expected to decrease at a much lower rate. During a bear market, however, Itera ASA is likely to outperform the market. Additionally Itera 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. Itera ASA Price Density |
| Price |
Predictive Modules for Itera ASA
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Itera 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.Itera ASA Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Itera ASA is not an exception. The market had few large corrections towards the Itera ASA'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 Itera ASA, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Itera ASA within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.11 | |
β | Beta against Dow Jones | -0.11 | |
σ | Overall volatility | 0.67 | |
Ir | Information ratio | -0.08 |
Itera ASA 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 Itera ASA for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Itera 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.| Itera ASA generated a negative expected return over the last 90 days | |
| Itera ASA has high historical volatility and very poor performance | |
| Itera ASA has accumulated 20.04 M in total debt with debt to equity ratio (D/E) of 0.71, which is about average as compared to similar companies. Itera ASA has a current ratio of 0.91, 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 Itera ASA until it has trouble settling it off, either with new capital or with free cash flow. So, Itera ASA'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 Itera ASA sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Itera to invest in growth at high rates of return. When we think about Itera ASA's use of debt, we should always consider it together with cash and equity. | |
| About 66.0% of Itera ASA shares are held by company insiders |
Itera ASA 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 Itera Stock often depends not only on the future outlook of the current and potential Itera ASA'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. Itera ASA's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 80.5 M | |
| Cash And Short Term Investments | 37.5 M |
Itera ASA Technical Analysis
Itera ASA's future price can be derived by breaking down and analyzing its technical indicators over time. Itera Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Itera ASA. In general, you should focus on analyzing Itera Stock price patterns and their correlations with different microeconomic environments and drivers.
Itera ASA Predictive Forecast Models
Itera ASA's time-series forecasting models is one of many Itera ASA'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 Itera ASA'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 Itera ASA
Checking the ongoing alerts about Itera ASA for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Itera ASA help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Itera ASA generated a negative expected return over the last 90 days | |
| Itera ASA has high historical volatility and very poor performance | |
| Itera ASA has accumulated 20.04 M in total debt with debt to equity ratio (D/E) of 0.71, which is about average as compared to similar companies. Itera ASA has a current ratio of 0.91, 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 Itera ASA until it has trouble settling it off, either with new capital or with free cash flow. So, Itera ASA'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 Itera ASA sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Itera to invest in growth at high rates of return. When we think about Itera ASA's use of debt, we should always consider it together with cash and equity. | |
| About 66.0% of Itera ASA shares are held by company insiders |
Other Information on Investing in Itera Stock
Itera ASA financial ratios help investors to determine whether Itera 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 Itera with respect to the benefits of owning Itera ASA security.