Footway Group (Sweden) Probability of Future Stock Price Finishing Over 1.0
| FOOT-B Stock | SEK 0.93 0.09 10.71% |
Footway |
Footway Group Target Price Odds to finish over 1.0
The tendency of Footway 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 kr 1.00 or more in 90 days |
| 0.93 | 90 days | 1.00 | about 89.84 |
Based on a normal probability distribution, the odds of Footway Group to move over kr 1.00 or more in 90 days from now is about 89.84 (This Footway Group AB probability density function shows the probability of Footway Stock to fall within a particular range of prices over 90 days) . Probability of Footway Group AB price to stay between its current price of kr 0.93 and kr 1.00 at the end of the 90-day period is nearly 4.57 .
Assuming the 90 days trading horizon Footway Group AB has a beta of -0.41. This usually indicates as returns on the benchmark increase, returns on holding Footway Group are expected to decrease at a much lower rate. During a bear market, however, Footway Group AB is likely to outperform the market. Additionally Footway Group AB has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Footway Group Price Density |
| Price |
Predictive Modules for Footway 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 Footway 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 Footway 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.
Footway Group Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Footway Group is not an exception. The market had few large corrections towards the Footway 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 Footway Group AB, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Footway Group within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.7 | |
β | Beta against NYSE Composite | -0.41 | |
σ | Overall volatility | 0.22 | |
Ir | Information ratio | -0.13 |
Footway 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 Footway Group for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Footway 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.| Footway Group AB generated a negative expected return over the last 90 days | |
| Footway Group AB has high historical volatility and very poor performance | |
| Footway Group AB has some characteristics of a very speculative penny stock | |
| The company reported the revenue of 1.5 B. Net Loss for the year was (59.4 M) with profit before overhead, payroll, taxes, and interest of 844 M. |
Footway 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 Footway Stock often depends not only on the future outlook of the current and potential Footway 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. Footway Group's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 88 M | |
| Cash And Short Term Investments | 42.2 M |
Footway Group Technical Analysis
Footway Group's future price can be derived by breaking down and analyzing its technical indicators over time. Footway Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Footway Group AB. In general, you should focus on analyzing Footway Stock price patterns and their correlations with different microeconomic environments and drivers.
Footway Group Predictive Forecast Models
Footway Group's time-series forecasting models is one of many Footway 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 Footway 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 Footway Group AB
Checking the ongoing alerts about Footway Group for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Footway Group AB help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Footway Group AB generated a negative expected return over the last 90 days | |
| Footway Group AB has high historical volatility and very poor performance | |
| Footway Group AB has some characteristics of a very speculative penny stock | |
| The company reported the revenue of 1.5 B. Net Loss for the year was (59.4 M) with profit before overhead, payroll, taxes, and interest of 844 M. |
Check out Footway Group Backtesting, Footway Group Valuation, Footway Group Correlation, Footway Group Hype Analysis, Footway Group Volatility, Footway Group History as well as Footway Group Performance. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Complementary Tools for Footway Stock analysis
When running Footway Group's price analysis, check to measure Footway 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 Footway Group is operating at the current time. Most of Footway Group's value examination focuses on studying past and present price action to predict the probability of Footway 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 Footway Group's price. Additionally, you may evaluate how the addition of Footway Group to your portfolios can decrease your overall portfolio volatility.
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Share Portfolio Track or share privately all of your investments from the convenience of any device | |
| Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
| USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios | |
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas |