Ngenic AB (Sweden) Probability of Future Stock Price Finishing Over 14.75
| NGENIC Stock | 4.25 0.96 29.18% |
Ngenic |
Ngenic AB Target Price Odds to finish over 14.75
The tendency of Ngenic 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 14.75 or more in 90 days |
| 4.25 | 90 days | 14.75 | close to zero percent |
Based on a normal probability distribution, the odds of Ngenic AB to move over 14.75 or more in 90 days from now is close to zero percent (This Ngenic AB probability density function shows the probability of Ngenic Stock to fall within a particular range of prices over 90 days) . Probability of Ngenic AB price to stay between its current price of 4.25 and 14.75 at the end of the 90-day period is near 1 .
Assuming the 90 days trading horizon Ngenic AB has a beta of 0.0707. This indicates as returns on the market go up, Ngenic AB average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Ngenic AB will be expected to be much smaller as well. Additionally Ngenic AB has an alpha of 0.6398, implying that it can generate a 0.64 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Ngenic AB Price Density |
| Price |
Predictive Modules for Ngenic AB
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Ngenic AB. 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.Ngenic AB Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Ngenic AB is not an exception. The market had few large corrections towards the Ngenic AB'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 Ngenic AB, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Ngenic AB within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.64 | |
β | Beta against Dow Jones | 0.07 | |
σ | Overall volatility | 0.54 | |
Ir | Information ratio | 0.05 |
Ngenic AB 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 Ngenic AB for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Ngenic AB can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Ngenic AB is way too risky over 90 days horizon | |
| Ngenic AB appears to be risky and price may revert if volatility continues | |
| The company reported the revenue of 18.84 M. Net Loss for the year was (19.74 M) with profit before overhead, payroll, taxes, and interest of 18.58 M. | |
| Ngenic AB generates negative cash flow from operations |
Ngenic AB 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 Ngenic Stock often depends not only on the future outlook of the current and potential Ngenic AB'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. Ngenic AB's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 4.9 M | |
| Cash And Short Term Investments | 12 M |
Ngenic AB Technical Analysis
Ngenic AB's future price can be derived by breaking down and analyzing its technical indicators over time. Ngenic Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Ngenic AB. In general, you should focus on analyzing Ngenic Stock price patterns and their correlations with different microeconomic environments and drivers.
Ngenic AB Predictive Forecast Models
Ngenic AB's time-series forecasting models is one of many Ngenic AB'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 Ngenic AB'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 Ngenic AB
Checking the ongoing alerts about Ngenic AB for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Ngenic AB help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Ngenic AB is way too risky over 90 days horizon | |
| Ngenic AB appears to be risky and price may revert if volatility continues | |
| The company reported the revenue of 18.84 M. Net Loss for the year was (19.74 M) with profit before overhead, payroll, taxes, and interest of 18.58 M. | |
| Ngenic AB generates negative cash flow from operations |
Other Information on Investing in Ngenic Stock
Ngenic AB financial ratios help investors to determine whether Ngenic 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 Ngenic with respect to the benefits of owning Ngenic AB security.