Norwegian Air (UK) Probability of Future Stock Price Finishing Over 10.88
| 0FGH Stock | 11.58 0.06 0.52% |
Norwegian |
Norwegian Air Target Price Odds to finish over 10.88
The tendency of Norwegian 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 above 10.88 in 90 days |
| 11.58 | 90 days | 10.88 | about 76.37 |
Based on a normal probability distribution, the odds of Norwegian Air to stay above 10.88 in 90 days from now is about 76.37 (This Norwegian Air Shuttle probability density function shows the probability of Norwegian Stock to fall within a particular range of prices over 90 days) . Probability of Norwegian Air Shuttle price to stay between 10.88 and its current price of 11.58 at the end of the 90-day period is about 36.92 .
Assuming the 90 days trading horizon Norwegian Air has a beta of 0.61. This suggests as returns on the market go up, Norwegian Air average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Norwegian Air Shuttle will be expected to be much smaller as well. Additionally Norwegian Air Shuttle has an alpha of 0.0763, implying that it can generate a 0.0763 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Norwegian Air Price Density |
| Price |
Predictive Modules for Norwegian Air
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Norwegian Air Shuttle. 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.Norwegian Air Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Norwegian Air is not an exception. The market had few large corrections towards the Norwegian Air'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 Norwegian Air Shuttle, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Norwegian Air within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.08 | |
β | Beta against Dow Jones | 0.61 | |
σ | Overall volatility | 0.71 | |
Ir | Information ratio | 0.01 |
Norwegian Air 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 Norwegian Air for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Norwegian Air Shuttle can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Norwegian Air had very high historical volatility over the last 90 days | |
| About 19.0% of the company shares are owned by insiders or employees |
Norwegian Air Technical Analysis
Norwegian Air's future price can be derived by breaking down and analyzing its technical indicators over time. Norwegian Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Norwegian Air Shuttle. In general, you should focus on analyzing Norwegian Stock price patterns and their correlations with different microeconomic environments and drivers.
Norwegian Air Predictive Forecast Models
Norwegian Air's time-series forecasting models is one of many Norwegian Air'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 Norwegian Air'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 Norwegian Air Shuttle
Checking the ongoing alerts about Norwegian Air for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Norwegian Air Shuttle help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Norwegian Air had very high historical volatility over the last 90 days | |
| About 19.0% of the company shares are owned by insiders or employees |
Additional Tools for Norwegian Stock Analysis
When running Norwegian Air's price analysis, check to measure Norwegian Air's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Norwegian Air is operating at the current time. Most of Norwegian Air's value examination focuses on studying past and present price action to predict the probability of Norwegian Air's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Norwegian Air's price. Additionally, you may evaluate how the addition of Norwegian Air to your portfolios can decrease your overall portfolio volatility.