Norwegian Air (Norway) Probability of Future Stock Price Finishing Over 16.08
| NAS Stock | NOK 14.61 0.09 0.62% |
Norwegian |
Norwegian Air Target Price Odds to finish over 16.08
The tendency of Norwegian 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 16.08 or more in 90 days |
| 14.61 | 90 days | 16.08 | about 50.28 |
Based on a normal probability distribution, the odds of Norwegian Air to move over 16.08 or more in 90 days from now is about 50.28 (This Norwegian Air Shuttle probability density function shows the probability of Norwegian Stock to fall within a particular range of prices over 90 days) . Probability of Norwegian Air Shuttle price to stay between its current price of 14.61 and 16.08 at the end of the 90-day period is about 34.68 .
Assuming the 90 days trading horizon Norwegian Air has a beta of 0.66. This indicates as returns on the market go up, Norwegian Air average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Norwegian Air Shuttle will be expected to be much smaller as well. Additionally Norwegian Air Shuttle has an alpha of 0.1161, implying that it can generate a 0.12 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Norwegian Air Price Density |
| Price |
Predictive Modules for Norwegian Air
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Norwegian Air Shuttle. 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 Norwegian Air'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.
Norwegian Air Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Norwegian Air is not an exception. The market had few large corrections towards the Norwegian Air'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 Norwegian Air Shuttle, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Norwegian Air within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.12 | |
β | Beta against NYSE Composite | 0.66 | |
σ | Overall volatility | 1.43 | |
Ir | Information ratio | 0.04 |
Norwegian Air 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 Norwegian Air for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Norwegian Air Shuttle can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Norwegian Air has high likelihood to experience some financial distress in the next 2 years | |
| About 20.0% of the company outstanding shares are owned by corporate insiders |
Norwegian Air 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 Norwegian Stock often depends not only on the future outlook of the current and potential Norwegian Air'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. Norwegian Air's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 79.9 M | |
| Cash And Short Term Investments | 6.8 B |
Norwegian Air Technical Analysis
Norwegian Air's future price can be derived by breaking down and analyzing its technical indicators over time. Norwegian Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Norwegian Air Shuttle. In general, you should focus on analyzing Norwegian Stock price patterns and their correlations with different microeconomic environments and drivers.
Norwegian Air Predictive Forecast Models
Norwegian Air's time-series forecasting models is one of many Norwegian Air'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 Norwegian Air'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 Norwegian Air Shuttle
Checking the ongoing alerts about Norwegian Air for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Norwegian Air Shuttle help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Norwegian Air has high likelihood to experience some financial distress in the next 2 years | |
| About 20.0% of the company outstanding shares are owned by corporate insiders |
Check out Norwegian Air Backtesting, Norwegian Air Valuation, Norwegian Air Correlation, Norwegian Air Hype Analysis, Norwegian Air Volatility, Norwegian Air History as well as Norwegian Air Performance. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Complementary Tools for Norwegian Stock analysis
When running Norwegian Air's price analysis, check to measure Norwegian Air'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 Norwegian Air is operating at the current time. Most of Norwegian Air's value examination focuses on studying past and present price action to predict the probability of Norwegian Air's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Norwegian Air's price. Additionally, you may evaluate how the addition of Norwegian Air to your portfolios can decrease your overall portfolio volatility.
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