XXL ASA (Norway) Odds of Future Stock Price Finishing Under 11.24
| XXL Stock | NOK 10.30 0.28 2.79% |
XXL |
XXL ASA Target Price Odds to finish below 11.24
The tendency of XXL 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 stay under 11.24 after 90 days |
| 10.30 | 90 days | 11.24 | about 10.93 |
Based on a normal probability distribution, the odds of XXL ASA to stay under 11.24 after 90 days from now is about 10.93 (This XXL ASA probability density function shows the probability of XXL Stock to fall within a particular range of prices over 90 days) . Probability of XXL ASA price to stay between its current price of 10.30 and 11.24 at the end of the 90-day period is near 1 .
Assuming the 90 days trading horizon XXL ASA has a beta of -8.16. This entails as returns on its benchmark rise, returns on holding XXL ASA are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, XXL ASA is expected to outperform its benchmark. Additionally XXL 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. XXL ASA Price Density |
| Price |
Predictive Modules for XXL ASA
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as XXL 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.XXL ASA Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. XXL ASA is not an exception. The market had few large corrections towards the XXL ASA'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 XXL ASA, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of XXL ASA within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -1.03 | |
β | Beta against Dow Jones | -8.16 | |
σ | Overall volatility | 24.06 | |
Ir | Information ratio | -0.2 |
XXL ASA 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 XXL ASA for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for XXL 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.| XXL ASA generated a negative expected return over the last 90 days | |
| XXL ASA has high historical volatility and very poor performance | |
| XXL ASA has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| About 15.0% of the company outstanding shares are owned by insiders |
XXL ASA 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 XXL Stock often depends not only on the future outlook of the current and potential XXL ASA'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. XXL ASA's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 31.4 M | |
| Cash And Short Term Investments | 168 M |
XXL ASA Technical Analysis
XXL ASA's future price can be derived by breaking down and analyzing its technical indicators over time. XXL Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of XXL ASA. In general, you should focus on analyzing XXL Stock price patterns and their correlations with different microeconomic environments and drivers.
XXL ASA Predictive Forecast Models
XXL ASA's time-series forecasting models is one of many XXL ASA'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 XXL ASA'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 XXL ASA
Checking the ongoing alerts about XXL ASA for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for XXL ASA help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| XXL ASA generated a negative expected return over the last 90 days | |
| XXL ASA has high historical volatility and very poor performance | |
| XXL ASA has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| About 15.0% of the company outstanding shares are owned by insiders |
Other Information on Investing in XXL Stock
XXL ASA financial ratios help investors to determine whether XXL 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 XXL with respect to the benefits of owning XXL ASA security.