Kongsberg Gruppen (Norway) Probability of Future Stock Price Finishing Under 461.22
| KOG Stock | NOK 1,291 5.00 0.39% |
Kongsberg |
Kongsberg Gruppen Target Price Odds to finish below 461.22
The tendency of Kongsberg 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 461.22 or more in 90 days |
| 1,291 | 90 days | 461.22 | near 1 |
Based on a normal probability distribution, the odds of Kongsberg Gruppen to drop to 461.22 or more in 90 days from now is near 1 (This Kongsberg Gruppen ASA probability density function shows the probability of Kongsberg Stock to fall within a particular range of prices over 90 days) . Probability of Kongsberg Gruppen ASA price to stay between 461.22 and its current price of 1291.0 at the end of the 90-day period is about 89.99 .
Assuming the 90 days trading horizon Kongsberg Gruppen ASA has a beta of -0.11. This indicates as returns on the benchmark increase, returns on holding Kongsberg Gruppen are expected to decrease at a much lower rate. During a bear market, however, Kongsberg Gruppen ASA is likely to outperform the market. Additionally Kongsberg Gruppen ASA has an alpha of 0.2677, implying that it can generate a 0.27 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Kongsberg Gruppen Price Density |
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Predictive Modules for Kongsberg Gruppen
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Kongsberg Gruppen 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.Kongsberg Gruppen Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Kongsberg Gruppen is not an exception. The market had few large corrections towards the Kongsberg Gruppen'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 Kongsberg Gruppen ASA, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Kongsberg Gruppen within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.27 | |
β | Beta against Dow Jones | -0.11 | |
σ | Overall volatility | 100.86 | |
Ir | Information ratio | 0.08 |
Kongsberg Gruppen 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 Kongsberg Gruppen for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Kongsberg Gruppen 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.| About 54.0% of the company outstanding shares are owned by corporate insiders |
Kongsberg Gruppen 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 Kongsberg Stock often depends not only on the future outlook of the current and potential Kongsberg Gruppen'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. Kongsberg Gruppen's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 178.2 M | |
| Cash And Short Term Investments | 8.1 B |
Kongsberg Gruppen Technical Analysis
Kongsberg Gruppen's future price can be derived by breaking down and analyzing its technical indicators over time. Kongsberg Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Kongsberg Gruppen ASA. In general, you should focus on analyzing Kongsberg Stock price patterns and their correlations with different microeconomic environments and drivers.
Kongsberg Gruppen Predictive Forecast Models
Kongsberg Gruppen's time-series forecasting models is one of many Kongsberg Gruppen'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 Kongsberg Gruppen'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 Kongsberg Gruppen ASA
Checking the ongoing alerts about Kongsberg Gruppen for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Kongsberg Gruppen ASA help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| About 54.0% of the company outstanding shares are owned by corporate insiders |
Other Information on Investing in Kongsberg Stock
Kongsberg Gruppen financial ratios help investors to determine whether Kongsberg 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 Kongsberg with respect to the benefits of owning Kongsberg Gruppen security.