Novo Nordisk (Brazil) Probability of Future Stock Price Finishing Over 64.83

N1VO34 Stock  BRL 64.83  14.85  18.64%   
Novo Nordisk's future price is the expected price of Novo Nordisk instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of Novo Nordisk AS performance during a given time horizon utilizing its historical volatility. Check out Novo Nordisk Backtesting, Novo Nordisk Valuation, Novo Nordisk Correlation, Novo Nordisk Hype Analysis, Novo Nordisk Volatility, Novo Nordisk History as well as Novo Nordisk Performance.
  
Please specify Novo Nordisk's target price for which you would like Novo Nordisk odds to be computed.

Novo Nordisk Target Price Odds to finish over 64.83

The tendency of Novo 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 PriceHorizonTarget PriceOdds to move above the current price in 90 days
 64.83 90 days 64.83 
close to 99
Based on a normal probability distribution, the odds of Novo Nordisk to move above the current price in 90 days from now is close to 99 (This Novo Nordisk AS probability density function shows the probability of Novo Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon Novo Nordisk AS has a beta of -0.53. This indicates as returns on the benchmark increase, returns on holding Novo Nordisk are expected to decrease at a much lower rate. During a bear market, however, Novo Nordisk AS is likely to outperform the market. Additionally Novo Nordisk AS 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.
   Novo Nordisk Price Density   
       Price  

Predictive Modules for Novo Nordisk

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Novo Nordisk AS. 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.
Hype
Prediction
LowEstimatedHigh
61.5964.8368.07
Details
Intrinsic
Valuation
LowRealHigh
55.4658.7071.31
Details
Naive
Forecast
LowNextHigh
54.9358.1761.41
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
69.1979.9390.66
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Novo Nordisk. Your research has to be compared to or analyzed against Novo Nordisk's peers to derive any actionable benefits. When done correctly, Novo Nordisk's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Novo Nordisk AS.

Novo Nordisk Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. Novo Nordisk is not an exception. The market had few large corrections towards the Novo Nordisk'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 Novo Nordisk AS, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Novo Nordisk within the framework of very fundamental risk indicators.
α
Alpha over Dow Jones
-0.44
β
Beta against Dow Jones-0.53
σ
Overall volatility
4.18
Ir
Information ratio -0.15

Novo Nordisk 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 Novo Nordisk for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Novo Nordisk AS can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
Novo Nordisk AS generated a negative expected return over the last 90 days
Novo Nordisk AS has high historical volatility and very poor performance

Novo Nordisk 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 Novo Stock often depends not only on the future outlook of the current and potential Novo Nordisk'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. Novo Nordisk's indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding2.3 B

Novo Nordisk Technical Analysis

Novo Nordisk's future price can be derived by breaking down and analyzing its technical indicators over time. Novo Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Novo Nordisk AS. In general, you should focus on analyzing Novo Stock price patterns and their correlations with different microeconomic environments and drivers.

Novo Nordisk Predictive Forecast Models

Novo Nordisk's time-series forecasting models is one of many Novo Nordisk'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 Novo Nordisk'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 Novo Nordisk AS

Checking the ongoing alerts about Novo Nordisk for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Novo Nordisk AS help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Novo Nordisk AS generated a negative expected return over the last 90 days
Novo Nordisk AS has high historical volatility and very poor performance

Additional Information and Resources on Investing in Novo Stock

When determining whether Novo Nordisk AS offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Novo Nordisk's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Novo Nordisk As Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Novo Nordisk As Stock:
Check out Novo Nordisk Backtesting, Novo Nordisk Valuation, Novo Nordisk Correlation, Novo Nordisk Hype Analysis, Novo Nordisk Volatility, Novo Nordisk History as well as Novo Nordisk Performance.
You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Please note, there is a significant difference between Novo Nordisk's value and its price as these two are different measures arrived at by different means. Investors typically determine if Novo Nordisk is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Novo Nordisk's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.