Norwegian Block (Norway) Probability of Future Stock Price Finishing Over 10.67
| NBX Stock | 0.39 0.01 2.50% |
Norwegian |
Norwegian Block Target Price Odds to finish over 10.67
The tendency of Norwegian 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 10.67 or more in 90 days |
| 0.39 | 90 days | 10.67 | close to zero percent |
Based on a normal probability distribution, the odds of Norwegian Block to move over 10.67 or more in 90 days from now is close to zero percent (This Norwegian Block Exchange probability density function shows the probability of Norwegian Stock to fall within a particular range of prices over 90 days) . Probability of Norwegian Block Exchange price to stay between its current price of 0.39 and 10.67 at the end of the 90-day period is about 85.09 .
Assuming the 90 days trading horizon Norwegian Block Exchange has a beta of -0.22. This indicates as returns on the benchmark increase, returns on holding Norwegian Block are expected to decrease at a much lower rate. During a bear market, however, Norwegian Block Exchange is likely to outperform the market. Additionally Norwegian Block Exchange 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. Norwegian Block Price Density |
| Price |
Predictive Modules for Norwegian Block
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Norwegian Block Exchange. 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.Norwegian Block Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Norwegian Block is not an exception. The market had few large corrections towards the Norwegian Block'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 Norwegian Block Exchange, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Norwegian Block within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.11 | |
β | Beta against Dow Jones | -0.22 | |
σ | Overall volatility | 0.08 | |
Ir | Information ratio | -0.02 |
Norwegian Block 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 Norwegian Block for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Norwegian Block Exchange can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Norwegian Block had very high historical volatility over the last 90 days | |
| Norwegian Block has some characteristics of a very speculative penny stock | |
| Norwegian Block has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 83.75 K. Net Loss for the year was (31 M) with loss before overhead, payroll, taxes, and interest of (14.05 M). | |
| Norwegian Block generates negative cash flow from operations | |
| About 70.0% of the company outstanding shares are owned by corporate insiders |
Norwegian Block 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 Norwegian Stock often depends not only on the future outlook of the current and potential Norwegian Block'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. Norwegian Block's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 64.9 M | |
| Cash And Short Term Investments | 25.4 M |
Norwegian Block Technical Analysis
Norwegian Block's future price can be derived by breaking down and analyzing its technical indicators over time. Norwegian Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Norwegian Block Exchange. In general, you should focus on analyzing Norwegian Stock price patterns and their correlations with different microeconomic environments and drivers.
Norwegian Block Predictive Forecast Models
Norwegian Block's time-series forecasting models is one of many Norwegian Block'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 Norwegian Block'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 Norwegian Block Exchange
Checking the ongoing alerts about Norwegian Block for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Norwegian Block Exchange help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Norwegian Block had very high historical volatility over the last 90 days | |
| Norwegian Block has some characteristics of a very speculative penny stock | |
| Norwegian Block has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 83.75 K. Net Loss for the year was (31 M) with loss before overhead, payroll, taxes, and interest of (14.05 M). | |
| Norwegian Block generates negative cash flow from operations | |
| About 70.0% of the company outstanding shares are owned by corporate insiders |
Other Information on Investing in Norwegian Stock
Norwegian Block financial ratios help investors to determine whether Norwegian 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 Norwegian with respect to the benefits of owning Norwegian Block security.