Nordic Aqua (Norway) Probability of Future Stock Price Finishing Under 73.43
| NOAP Stock | NOK 85.00 0.50 0.58% |
Nordic |
Nordic Aqua Target Price Odds to finish below 73.43
The tendency of Nordic 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 73.43 or more in 90 days |
| 85.00 | 90 days | 73.43 | about 16.25 |
Based on a normal probability distribution, the odds of Nordic Aqua to drop to 73.43 or more in 90 days from now is about 16.25 (This Nordic Aqua Partners probability density function shows the probability of Nordic Stock to fall within a particular range of prices over 90 days) . Probability of Nordic Aqua Partners price to stay between 73.43 and its current price of 85.0 at the end of the 90-day period is about 66.49 .
Assuming the 90 days trading horizon Nordic Aqua Partners has a beta of -0.0305. This indicates as returns on the benchmark increase, returns on holding Nordic Aqua are expected to decrease at a much lower rate. During a bear market, however, Nordic Aqua Partners is likely to outperform the market. Additionally Nordic Aqua Partners has an alpha of 0.2397, implying that it can generate a 0.24 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Nordic Aqua Price Density |
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Predictive Modules for Nordic Aqua
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Nordic Aqua Partners. 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.Nordic Aqua Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Nordic Aqua is not an exception. The market had few large corrections towards the Nordic Aqua'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 Nordic Aqua Partners, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Nordic Aqua within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.24 | |
β | Beta against Dow Jones | -0.03 | |
σ | Overall volatility | 6.00 | |
Ir | Information ratio | 0.14 |