Tekna Holding (Norway) Probability of Future Stock Price Finishing Under 3.97
| TEKNA Stock | NOK 3.99 0.16 4.18% |
Tekna |
Tekna Holding Target Price Odds to finish below 3.97
The tendency of Tekna 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 3.97 or more in 90 days |
| 3.99 | 90 days | 3.97 | about 28.66 |
Based on a normal probability distribution, the odds of Tekna Holding to drop to 3.97 or more in 90 days from now is about 28.66 (This Tekna Holding AS probability density function shows the probability of Tekna Stock to fall within a particular range of prices over 90 days) . Probability of Tekna Holding AS price to stay between 3.97 and its current price of 3.99 at the end of the 90-day period is about 1.04 .
Assuming the 90 days trading horizon Tekna Holding AS has a beta of -1.9. This usually implies as returns on its benchmark rise, returns on holding Tekna Holding AS are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Tekna Holding is expected to outperform its benchmark. Additionally Tekna Holding AS 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. Tekna Holding Price Density |
| Price |
Predictive Modules for Tekna Holding
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Tekna Holding AS. 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.Tekna Holding Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Tekna Holding is not an exception. The market had few large corrections towards the Tekna Holding'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 Tekna Holding AS, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Tekna Holding within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.11 | |
β | Beta against Dow Jones | -1.9 | |
σ | Overall volatility | 0.66 | |
Ir | Information ratio | -0.08 |
Tekna Holding 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 Tekna Holding for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Tekna Holding AS can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Tekna Holding AS generated a negative expected return over the last 90 days | |
| Tekna Holding AS has high historical volatility and very poor performance | |
| Tekna Holding AS has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 26.8 M. Net Loss for the year was (13.6 M) with profit before overhead, payroll, taxes, and interest of 10.12 M. | |
| Tekna Holding generates negative cash flow from operations | |
| About 85.0% of the company outstanding shares are owned by corporate insiders |
Tekna Holding 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 Tekna Stock often depends not only on the future outlook of the current and potential Tekna Holding'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. Tekna Holding's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 125.2 M | |
| Cash And Short Term Investments | 38.6 M |
Tekna Holding Technical Analysis
Tekna Holding's future price can be derived by breaking down and analyzing its technical indicators over time. Tekna Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Tekna Holding AS. In general, you should focus on analyzing Tekna Stock price patterns and their correlations with different microeconomic environments and drivers.
Tekna Holding Predictive Forecast Models
Tekna Holding's time-series forecasting models is one of many Tekna Holding'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 Tekna Holding'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 Tekna Holding AS
Checking the ongoing alerts about Tekna Holding for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Tekna Holding AS help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Tekna Holding AS generated a negative expected return over the last 90 days | |
| Tekna Holding AS has high historical volatility and very poor performance | |
| Tekna Holding AS has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 26.8 M. Net Loss for the year was (13.6 M) with profit before overhead, payroll, taxes, and interest of 10.12 M. | |
| Tekna Holding generates negative cash flow from operations | |
| About 85.0% of the company outstanding shares are owned by corporate insiders |
Other Information on Investing in Tekna Stock
Tekna Holding financial ratios help investors to determine whether Tekna 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 Tekna with respect to the benefits of owning Tekna Holding security.