Mekonomen (Sweden) Probability of Future Stock Price Finishing Under 103.03
| MEKO Stock | SEK 135.60 0.20 0.15% |
Mekonomen |
Mekonomen Target Price Odds to finish below 103.03
The tendency of Mekonomen 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 kr 103.03 or more in 90 days |
| 135.60 | 90 days | 103.03 | near 1 |
Based on a normal probability distribution, the odds of Mekonomen to drop to kr 103.03 or more in 90 days from now is near 1 (This Mekonomen AB probability density function shows the probability of Mekonomen Stock to fall within a particular range of prices over 90 days) . Probability of Mekonomen AB price to stay between kr 103.03 and its current price of kr135.6 at the end of the 90-day period is about 54.87 .
Assuming the 90 days trading horizon Mekonomen AB has a beta of -0.0425. This indicates as returns on the benchmark increase, returns on holding Mekonomen are expected to decrease at a much lower rate. During a bear market, however, Mekonomen AB is likely to outperform the market. Additionally Mekonomen AB has an alpha of 0.0805, implying that it can generate a 0.0805 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Mekonomen Price Density |
| Price |
Predictive Modules for Mekonomen
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Mekonomen AB. 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.Mekonomen Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Mekonomen is not an exception. The market had few large corrections towards the Mekonomen'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 Mekonomen AB, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Mekonomen within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.08 | |
β | Beta against Dow Jones | -0.04 | |
σ | Overall volatility | 4.22 | |
Ir | Information ratio | -0.02 |
Mekonomen 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 Mekonomen for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Mekonomen AB can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Mekonomen AB has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| About 35.0% of the company outstanding shares are owned by corporate insiders |
Mekonomen 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 Mekonomen Stock often depends not only on the future outlook of the current and potential Mekonomen'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. Mekonomen's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 56 M | |
| Cash And Short Term Investments | 892 M |
Mekonomen Technical Analysis
Mekonomen's future price can be derived by breaking down and analyzing its technical indicators over time. Mekonomen Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Mekonomen AB. In general, you should focus on analyzing Mekonomen Stock price patterns and their correlations with different microeconomic environments and drivers.
Mekonomen Predictive Forecast Models
Mekonomen's time-series forecasting models is one of many Mekonomen'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 Mekonomen'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 Mekonomen AB
Checking the ongoing alerts about Mekonomen for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Mekonomen AB help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Mekonomen AB has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| About 35.0% of the company outstanding shares are owned by corporate insiders |
Additional Tools for Mekonomen Stock Analysis
When running Mekonomen's price analysis, check to measure Mekonomen'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 Mekonomen is operating at the current time. Most of Mekonomen's value examination focuses on studying past and present price action to predict the probability of Mekonomen's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mekonomen's price. Additionally, you may evaluate how the addition of Mekonomen to your portfolios can decrease your overall portfolio volatility.