Panoro Energy (Norway) Probability of Future Stock Price Finishing Over 28.59
| PEN Stock | NOK 27.05 0.15 0.55% |
Panoro |
Panoro Energy Target Price Odds to finish over 28.59
The tendency of Panoro 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 move over 28.59 or more in 90 days |
| 27.05 | 90 days | 28.59 | about 1.9 |
Based on a normal probability distribution, the odds of Panoro Energy to move over 28.59 or more in 90 days from now is about 1.9 (This Panoro Energy ASA probability density function shows the probability of Panoro Stock to fall within a particular range of prices over 90 days) . Probability of Panoro Energy ASA price to stay between its current price of 27.05 and 28.59 at the end of the 90-day period is about 42.14 .
Assuming the 90 days trading horizon Panoro Energy has a beta of 0.0179 indicating as returns on the market go up, Panoro Energy average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Panoro Energy ASA will be expected to be much smaller as well. Additionally Panoro Energy ASA has an alpha of 0.0792, implying that it can generate a 0.0792 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Panoro Energy Price Density |
| Price |
Predictive Modules for Panoro Energy
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Panoro Energy 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.Panoro Energy Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Panoro Energy is not an exception. The market had few large corrections towards the Panoro Energy'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 Panoro Energy ASA, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Panoro Energy within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.08 | |
β | Beta against Dow Jones | 0.02 | |
σ | Overall volatility | 0.80 | |
Ir | Information ratio | -0.02 |
Panoro Energy 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 Panoro Energy for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Panoro Energy 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.| The company has 77.69 Million in debt which may indicate that it relies heavily on debt financing | |
| About 17.0% of the company outstanding shares are owned by corporate insiders |
Panoro Energy 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 Panoro Stock often depends not only on the future outlook of the current and potential Panoro Energy'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. Panoro Energy'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 | 24.5 M |
Panoro Energy Technical Analysis
Panoro Energy's future price can be derived by breaking down and analyzing its technical indicators over time. Panoro Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Panoro Energy ASA. In general, you should focus on analyzing Panoro Stock price patterns and their correlations with different microeconomic environments and drivers.
Panoro Energy Predictive Forecast Models
Panoro Energy's time-series forecasting models is one of many Panoro Energy'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 Panoro Energy'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 Panoro Energy ASA
Checking the ongoing alerts about Panoro Energy for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Panoro Energy ASA help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| The company has 77.69 Million in debt which may indicate that it relies heavily on debt financing | |
| About 17.0% of the company outstanding shares are owned by corporate insiders |
Other Information on Investing in Panoro Stock
Panoro Energy financial ratios help investors to determine whether Panoro 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 Panoro with respect to the benefits of owning Panoro Energy security.