Odfjell SE (Norway) Probability of Future Stock Price Finishing Under 69.64
| ODF Stock | NOK 111.40 4.60 4.31% |
Odfjell |
Odfjell SE Target Price Odds to finish below 69.64
The tendency of Odfjell 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 69.64 or more in 90 days |
| 111.40 | 90 days | 69.64 | near 1 |
Based on a normal probability distribution, the odds of Odfjell SE to drop to 69.64 or more in 90 days from now is near 1 (This Odfjell SE probability density function shows the probability of Odfjell Stock to fall within a particular range of prices over 90 days) . Probability of Odfjell SE price to stay between 69.64 and its current price of 111.4 at the end of the 90-day period is about 20.82 .
Assuming the 90 days trading horizon Odfjell SE has a beta of -0.68. This indicates as returns on the benchmark increase, returns on holding Odfjell SE are expected to decrease at a much lower rate. During a bear market, however, Odfjell SE is likely to outperform the market. Additionally Odfjell SE 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. Odfjell SE Price Density |
| Price |
Predictive Modules for Odfjell SE
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Odfjell SE. 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.Odfjell SE Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Odfjell SE is not an exception. The market had few large corrections towards the Odfjell SE'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 Odfjell SE, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Odfjell SE within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.35 | |
β | Beta against Dow Jones | -0.68 | |
σ | Overall volatility | 15.38 | |
Ir | Information ratio | -0.18 |
Odfjell SE 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 Odfjell SE for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Odfjell SE can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Odfjell SE generated a negative expected return over the last 90 days | |
| Odfjell SE has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Odfjell SE has accumulated 1.14 B in total debt with debt to equity ratio (D/E) of 227.8, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Odfjell SE has a current ratio of 0.72, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Odfjell SE until it has trouble settling it off, either with new capital or with free cash flow. So, Odfjell SE's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Odfjell SE sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Odfjell to invest in growth at high rates of return. When we think about Odfjell SE's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the revenue of 1.04 B. Net Loss for the year was (33.21 M) with profit before overhead, payroll, taxes, and interest of 444 M. | |
| About 67.0% of Odfjell SE outstanding shares are owned by corporate insiders |
Odfjell SE 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 Odfjell Stock often depends not only on the future outlook of the current and potential Odfjell SE'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. Odfjell SE's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 107.5 M | |
| Cash And Short Term Investments | 89.1 M |
Odfjell SE Technical Analysis
Odfjell SE's future price can be derived by breaking down and analyzing its technical indicators over time. Odfjell Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Odfjell SE. In general, you should focus on analyzing Odfjell Stock price patterns and their correlations with different microeconomic environments and drivers.
Odfjell SE Predictive Forecast Models
Odfjell SE's time-series forecasting models is one of many Odfjell SE'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 Odfjell SE'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 Odfjell SE
Checking the ongoing alerts about Odfjell SE for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Odfjell SE help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Odfjell SE generated a negative expected return over the last 90 days | |
| Odfjell SE has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Odfjell SE has accumulated 1.14 B in total debt with debt to equity ratio (D/E) of 227.8, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Odfjell SE has a current ratio of 0.72, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Odfjell SE until it has trouble settling it off, either with new capital or with free cash flow. So, Odfjell SE's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Odfjell SE sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Odfjell to invest in growth at high rates of return. When we think about Odfjell SE's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the revenue of 1.04 B. Net Loss for the year was (33.21 M) with profit before overhead, payroll, taxes, and interest of 444 M. | |
| About 67.0% of Odfjell SE outstanding shares are owned by corporate insiders |
Other Information on Investing in Odfjell Stock
Odfjell SE financial ratios help investors to determine whether Odfjell 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 Odfjell with respect to the benefits of owning Odfjell SE security.