Tomra Systems (Norway) Probability of Future Stock Price Finishing Under 119.88
| TOM Stock | NOK 147.50 2.10 1.40% |
Tomra |
Tomra Systems Target Price Odds to finish below 119.88
The tendency of Tomra 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 119.88 or more in 90 days |
| 147.50 | 90 days | 119.88 | near 1 |
Based on a normal probability distribution, the odds of Tomra Systems to drop to 119.88 or more in 90 days from now is near 1 (This Tomra Systems ASA probability density function shows the probability of Tomra Stock to fall within a particular range of prices over 90 days) . Probability of Tomra Systems ASA price to stay between 119.88 and its current price of 147.5 at the end of the 90-day period is about 15.06 .
Assuming the 90 days trading horizon Tomra Systems has a beta of 0.58. This usually implies as returns on the market go up, Tomra Systems average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Tomra Systems ASA will be expected to be much smaller as well. Additionally Tomra Systems 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. Tomra Systems Price Density |
| Price |
Predictive Modules for Tomra Systems
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Tomra Systems 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.Tomra Systems Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Tomra Systems is not an exception. The market had few large corrections towards the Tomra Systems' 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 Tomra Systems ASA, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Tomra Systems within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.14 | |
β | Beta against Dow Jones | 0.58 | |
σ | Overall volatility | 5.10 | |
Ir | Information ratio | -0.08 |
Tomra Systems 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 Tomra Systems for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Tomra Systems 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.| Tomra Systems ASA generated a negative expected return over the last 90 days | |
| The company has 1.62 Billion in debt which may indicate that it relies heavily on debt financing | |
| Over 84.0% of the company shares are owned by institutional investors |
Tomra Systems 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 Tomra Stock often depends not only on the future outlook of the current and potential Tomra Systems' 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. Tomra Systems' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 147.7 M | |
| Cash And Short Term Investments | 631.6 M |
Tomra Systems Technical Analysis
Tomra Systems' future price can be derived by breaking down and analyzing its technical indicators over time. Tomra Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Tomra Systems ASA. In general, you should focus on analyzing Tomra Stock price patterns and their correlations with different microeconomic environments and drivers.
Tomra Systems Predictive Forecast Models
Tomra Systems' time-series forecasting models is one of many Tomra Systems' 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 Tomra Systems' 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 Tomra Systems ASA
Checking the ongoing alerts about Tomra Systems for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Tomra Systems ASA help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Tomra Systems ASA generated a negative expected return over the last 90 days | |
| The company has 1.62 Billion in debt which may indicate that it relies heavily on debt financing | |
| Over 84.0% of the company shares are owned by institutional investors |
Other Information on Investing in Tomra Stock
Tomra Systems financial ratios help investors to determine whether Tomra 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 Tomra with respect to the benefits of owning Tomra Systems security.