Norion Bank (Sweden) Probability of Future Stock Price Finishing Under 40.28
| NORION Stock | 39.35 1.00 2.48% |
Norion |
Norion Bank Target Price Odds to finish below 40.28
The tendency of Norion 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 under 40.28 after 90 days |
| 39.35 | 90 days | 40.28 | about 35.9 |
Based on a normal probability distribution, the odds of Norion Bank to stay under 40.28 after 90 days from now is about 35.9 (This Norion Bank probability density function shows the probability of Norion Stock to fall within a particular range of prices over 90 days) . Probability of Norion Bank price to stay between its current price of 39.35 and 40.28 at the end of the 90-day period is about 22.58 .
Assuming the 90 days trading horizon Norion Bank has a beta of -0.24. This indicates as returns on the benchmark increase, returns on holding Norion Bank are expected to decrease at a much lower rate. During a bear market, however, Norion Bank is likely to outperform the market. Additionally Norion Bank has an alpha of 0.0199, implying that it can generate a 0.0199 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Norion Bank Price Density |
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Predictive Modules for Norion Bank
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Norion Bank. 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.Norion Bank Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Norion Bank is not an exception. The market had few large corrections towards the Norion Bank'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 Norion Bank, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Norion Bank within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.02 | |
β | Beta against Dow Jones | -0.24 | |
σ | Overall volatility | 1.25 | |
Ir | Information ratio | -0.06 |
Norion Bank 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 Norion Bank for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Norion Bank can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Norion Bank generated a negative expected return over the last 90 days |
Norion Bank Technical Analysis
Norion Bank's future price can be derived by breaking down and analyzing its technical indicators over time. Norion Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Norion Bank. In general, you should focus on analyzing Norion Stock price patterns and their correlations with different microeconomic environments and drivers.
Norion Bank Predictive Forecast Models
Norion Bank's time-series forecasting models is one of many Norion Bank'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 Norion Bank'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 Norion Bank
Checking the ongoing alerts about Norion Bank for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Norion Bank help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Norion Bank generated a negative expected return over the last 90 days |