Aega ASA (Norway) Odds of Future Stock Price Finishing Under 0.37
| AEGA Stock | NOK 0.86 0.13 17.81% |
Aega |
Aega ASA Target Price Odds to finish below 0.37
The tendency of Aega 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 0.37 or more in 90 days |
| 0.86 | 90 days | 0.37 | about 35.56 |
Based on a normal probability distribution, the odds of Aega ASA to drop to 0.37 or more in 90 days from now is about 35.56 (This Aega ASA probability density function shows the probability of Aega Stock to fall within a particular range of prices over 90 days) . Probability of Aega ASA price to stay between 0.37 and its current price of 0.86 at the end of the 90-day period is about 63.02 .
Assuming the 90 days trading horizon Aega ASA has a beta of -1.98. This suggests as returns on its benchmark rise, returns on holding Aega ASA are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Aega ASA is expected to outperform its benchmark. In addition to that Aega ASA has an alpha of 4.9093, implying that it can generate a 4.91 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Aega ASA Price Density |
| Price |
Predictive Modules for Aega 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 Aega 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.Aega ASA Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Aega ASA is not an exception. The market had few large corrections towards the Aega 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 Aega ASA, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Aega ASA within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 4.91 | |
β | Beta against Dow Jones | -1.98 | |
σ | Overall volatility | 0.19 | |
Ir | Information ratio | 0.12 |
Aega 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 Aega ASA for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Aega 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.| Aega ASA is way too risky over 90 days horizon | |
| Aega ASA has some characteristics of a very speculative penny stock | |
| Aega ASA appears to be risky and price may revert if volatility continues | |
| Aega ASA has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| The company reported the revenue of 1.84 M. Net Loss for the year was (296.39 K) with profit before overhead, payroll, taxes, and interest of 1.84 M. | |
| Aega ASA has accumulated about 4.3 M in cash with (21.78 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.02. | |
| Roughly 43.0% of the company shares are held by company insiders |
Aega 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 Aega Stock often depends not only on the future outlook of the current and potential Aega 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. Aega ASA's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 66.4 M | |
| Cash And Short Term Investments | 4.3 M |
Aega ASA Technical Analysis
Aega ASA's future price can be derived by breaking down and analyzing its technical indicators over time. Aega Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Aega ASA. In general, you should focus on analyzing Aega Stock price patterns and their correlations with different microeconomic environments and drivers.
Aega ASA Predictive Forecast Models
Aega ASA's time-series forecasting models is one of many Aega 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 Aega 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 Aega ASA
Checking the ongoing alerts about Aega ASA for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Aega ASA help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Aega ASA is way too risky over 90 days horizon | |
| Aega ASA has some characteristics of a very speculative penny stock | |
| Aega ASA appears to be risky and price may revert if volatility continues | |
| Aega ASA has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| The company reported the revenue of 1.84 M. Net Loss for the year was (296.39 K) with profit before overhead, payroll, taxes, and interest of 1.84 M. | |
| Aega ASA has accumulated about 4.3 M in cash with (21.78 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.02. | |
| Roughly 43.0% of the company shares are held by company insiders |
Other Information on Investing in Aega Stock
Aega ASA financial ratios help investors to determine whether Aega 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 Aega with respect to the benefits of owning Aega ASA security.