Addnode Group (Sweden) Probability of Future Stock Price Finishing Over 114.60
| ANOD-B Stock | SEK 114.60 0.20 0.17% |
Addnode |
Addnode Group Target Price Odds to finish over 114.60
The tendency of Addnode 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 above the current price in 90 days |
| 114.60 | 90 days | 114.60 | about 21.12 |
Based on a normal probability distribution, the odds of Addnode Group to move above the current price in 90 days from now is about 21.12 (This Addnode Group AB probability density function shows the probability of Addnode Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon Addnode Group AB has a beta of -0.47. This suggests as returns on the benchmark increase, returns on holding Addnode Group are expected to decrease at a much lower rate. During a bear market, however, Addnode Group AB is likely to outperform the market. Additionally Addnode Group AB has an alpha of 0.3553, implying that it can generate a 0.36 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Addnode Group Price Density |
| Price |
Predictive Modules for Addnode Group
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Addnode Group AB. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Addnode Group's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Addnode Group Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Addnode Group is not an exception. The market had few large corrections towards the Addnode Group'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 Addnode Group AB, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Addnode Group within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.36 | |
β | Beta against NYSE Composite | -0.47 | |
σ | Overall volatility | 6.37 | |
Ir | Information ratio | 0.13 |
Addnode Group 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 Addnode Group for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Addnode Group AB 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 kr718 Million in debt which may indicate that it relies heavily on debt financing | |
| The company has accumulated 718 M in total debt with debt to equity ratio (D/E) of 63.1, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Addnode Group AB has a current ratio of 0.6, 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 Addnode Group until it has trouble settling it off, either with new capital or with free cash flow. So, Addnode Group'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 Addnode Group AB sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Addnode to invest in growth at high rates of return. When we think about Addnode Group's use of debt, we should always consider it together with cash and equity. | |
| About 72.0% of Addnode Group shares are held by institutions such as insurance companies |
Addnode Group 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 Addnode Stock often depends not only on the future outlook of the current and potential Addnode Group'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. Addnode Group'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 | 406 M |
Addnode Group Technical Analysis
Addnode Group's future price can be derived by breaking down and analyzing its technical indicators over time. Addnode Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Addnode Group AB. In general, you should focus on analyzing Addnode Stock price patterns and their correlations with different microeconomic environments and drivers.
Addnode Group Predictive Forecast Models
Addnode Group's time-series forecasting models is one of many Addnode Group'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 Addnode Group'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 Addnode Group AB
Checking the ongoing alerts about Addnode Group for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Addnode Group AB 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 kr718 Million in debt which may indicate that it relies heavily on debt financing | |
| The company has accumulated 718 M in total debt with debt to equity ratio (D/E) of 63.1, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Addnode Group AB has a current ratio of 0.6, 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 Addnode Group until it has trouble settling it off, either with new capital or with free cash flow. So, Addnode Group'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 Addnode Group AB sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Addnode to invest in growth at high rates of return. When we think about Addnode Group's use of debt, we should always consider it together with cash and equity. | |
| About 72.0% of Addnode Group shares are held by institutions such as insurance companies |
Check out Addnode Group Backtesting, Addnode Group Valuation, Addnode Group Correlation, Addnode Group Hype Analysis, Addnode Group Volatility, Addnode Group History as well as Addnode Group Performance. You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
Complementary Tools for Addnode Stock analysis
When running Addnode Group's price analysis, check to measure Addnode Group's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Addnode Group is operating at the current time. Most of Addnode Group's value examination focuses on studying past and present price action to predict the probability of Addnode Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Addnode Group's price. Additionally, you may evaluate how the addition of Addnode Group to your portfolios can decrease your overall portfolio volatility.
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