Navamedic ASA (Norway) Probability of Future Stock Price Finishing Under 21.63
| NAVA Stock | NOK 23.50 0.50 2.08% |
Navamedic |
Navamedic ASA Target Price Odds to finish below 21.63
The tendency of Navamedic 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 21.63 or more in 90 days |
| 23.50 | 90 days | 21.63 | about 1.7 |
Based on a normal probability distribution, the odds of Navamedic ASA to drop to 21.63 or more in 90 days from now is about 1.7 (This Navamedic ASA probability density function shows the probability of Navamedic Stock to fall within a particular range of prices over 90 days) . Probability of Navamedic ASA price to stay between 21.63 and its current price of 23.5 at the end of the 90-day period is about 5.08 .
Assuming the 90 days trading horizon Navamedic ASA has a beta of 0.14. This indicates as returns on the market go up, Navamedic ASA average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Navamedic ASA will be expected to be much smaller as well. Additionally Navamedic 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. Navamedic ASA Price Density |
| Price |
Predictive Modules for Navamedic 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 Navamedic 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.Navamedic ASA Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Navamedic ASA is not an exception. The market had few large corrections towards the Navamedic 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 Navamedic ASA, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Navamedic ASA within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.24 | |
β | Beta against Dow Jones | 0.14 | |
σ | Overall volatility | 2.99 | |
Ir | Information ratio | -0.11 |
Navamedic 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 Navamedic ASA for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Navamedic 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.| Navamedic ASA generated a negative expected return over the last 90 days | |
| Navamedic ASA has high historical volatility and very poor performance | |
| Navamedic ASA has accumulated about 52.62 M in cash with (1.3 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.28. | |
| Roughly 42.0% of the company outstanding shares are owned by corporate insiders |
Navamedic 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 Navamedic Stock often depends not only on the future outlook of the current and potential Navamedic 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. Navamedic ASA's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 79.9 M | |
| Cash And Short Term Investments | 51.7 M |
Navamedic ASA Technical Analysis
Navamedic ASA's future price can be derived by breaking down and analyzing its technical indicators over time. Navamedic Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Navamedic ASA. In general, you should focus on analyzing Navamedic Stock price patterns and their correlations with different microeconomic environments and drivers.
Navamedic ASA Predictive Forecast Models
Navamedic ASA's time-series forecasting models is one of many Navamedic 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 Navamedic 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 Navamedic ASA
Checking the ongoing alerts about Navamedic ASA for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Navamedic ASA help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Navamedic ASA generated a negative expected return over the last 90 days | |
| Navamedic ASA has high historical volatility and very poor performance | |
| Navamedic ASA has accumulated about 52.62 M in cash with (1.3 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.28. | |
| Roughly 42.0% of the company outstanding shares are owned by corporate insiders |
Other Information on Investing in Navamedic Stock
Navamedic ASA financial ratios help investors to determine whether Navamedic 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 Navamedic with respect to the benefits of owning Navamedic ASA security.