SKAKO AS (Denmark) Odds of Future Stock Price Finishing Under 74.70
| SKAKO Stock | DKK 76.60 0.40 0.52% |
SKAKO |
SKAKO AS Target Price Odds to finish below 74.70
The tendency of SKAKO 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 74.70 or more in 90 days |
| 76.60 | 90 days | 74.70 | under 4 |
Based on a normal probability distribution, the odds of SKAKO AS to drop to kr 74.70 or more in 90 days from now is under 4 (This SKAKO AS probability density function shows the probability of SKAKO Stock to fall within a particular range of prices over 90 days) . Probability of SKAKO AS price to stay between kr 74.70 and its current price of kr76.6 at the end of the 90-day period is about 6.87 .
Assuming the 90 days trading horizon SKAKO AS has a beta of 0.0737. This usually implies as returns on the market go up, SKAKO AS average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding SKAKO AS will be expected to be much smaller as well. Additionally SKAKO 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. SKAKO AS Price Density |
| Price |
Predictive Modules for SKAKO AS
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as SKAKO 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.SKAKO AS Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. SKAKO AS is not an exception. The market had few large corrections towards the SKAKO AS'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 SKAKO AS, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of SKAKO AS within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.11 | |
β | Beta against Dow Jones | 0.07 | |
σ | Overall volatility | 3.51 | |
Ir | Information ratio | -0.12 |
SKAKO AS 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 SKAKO AS for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for SKAKO 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.| SKAKO AS generated a negative expected return over the last 90 days | |
| About 31.0% of the company outstanding shares are owned by corporate insiders |
SKAKO AS 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 SKAKO Stock often depends not only on the future outlook of the current and potential SKAKO AS'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. SKAKO AS's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 3.1 M | |
| Dividends Paid | 9.3 M | |
| Short Long Term Debt | 45.8 M |
SKAKO AS Technical Analysis
SKAKO AS's future price can be derived by breaking down and analyzing its technical indicators over time. SKAKO Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of SKAKO AS. In general, you should focus on analyzing SKAKO Stock price patterns and their correlations with different microeconomic environments and drivers.
SKAKO AS Predictive Forecast Models
SKAKO AS's time-series forecasting models is one of many SKAKO AS'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 SKAKO AS'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 SKAKO AS
Checking the ongoing alerts about SKAKO AS for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for SKAKO AS help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| SKAKO AS generated a negative expected return over the last 90 days | |
| About 31.0% of the company outstanding shares are owned by corporate insiders |
Other Information on Investing in SKAKO Stock
SKAKO AS financial ratios help investors to determine whether SKAKO 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 SKAKO with respect to the benefits of owning SKAKO AS security.