YIT Oyj (Finland) Odds of Future Stock Price Finishing Over 1.83
| YIT Stock | EUR 1.83 0.06 3.39% |
YIT |
YIT Oyj Target Price Odds to finish over 1.83
The tendency of YIT 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 |
| 1.83 | 90 days | 1.83 | about 38.75 |
Based on a normal probability distribution, the odds of YIT Oyj to move above the current price in 90 days from now is about 38.75 (This YIT Oyj probability density function shows the probability of YIT Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon YIT Oyj has a beta of 0.52. This entails as returns on the market go up, YIT Oyj average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding YIT Oyj will be expected to be much smaller as well. Additionally YIT Oyj has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. YIT Oyj Price Density |
| Price |
Predictive Modules for YIT Oyj
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as YIT Oyj. 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 YIT Oyj'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.
YIT Oyj Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. YIT Oyj is not an exception. The market had few large corrections towards the YIT Oyj'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 YIT Oyj, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of YIT Oyj within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.16 | |
β | Beta against NYSE Composite | 0.52 | |
σ | Overall volatility | 0.14 | |
Ir | Information ratio | -0.1 |
YIT Oyj 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 YIT Oyj for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for YIT Oyj can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| YIT Oyj generated a negative expected return over the last 90 days | |
| YIT Oyj may become a speculative penny stock | |
| YIT Oyj has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| About 42.0% of the company outstanding shares are owned by insiders |
YIT Oyj 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 YIT Stock often depends not only on the future outlook of the current and potential YIT Oyj'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. YIT Oyj's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 209.1 M |
YIT Oyj Technical Analysis
YIT Oyj's future price can be derived by breaking down and analyzing its technical indicators over time. YIT Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of YIT Oyj. In general, you should focus on analyzing YIT Stock price patterns and their correlations with different microeconomic environments and drivers.
YIT Oyj Predictive Forecast Models
YIT Oyj's time-series forecasting models is one of many YIT Oyj'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 YIT Oyj'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 YIT Oyj
Checking the ongoing alerts about YIT Oyj for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for YIT Oyj help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| YIT Oyj generated a negative expected return over the last 90 days | |
| YIT Oyj may become a speculative penny stock | |
| YIT Oyj has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| About 42.0% of the company outstanding shares are owned by insiders |
Check out YIT Oyj Backtesting, YIT Oyj Valuation, YIT Oyj Correlation, YIT Oyj Hype Analysis, YIT Oyj Volatility, YIT Oyj History as well as YIT Oyj Performance. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
Complementary Tools for YIT Stock analysis
When running YIT Oyj's price analysis, check to measure YIT Oyj'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 YIT Oyj is operating at the current time. Most of YIT Oyj's value examination focuses on studying past and present price action to predict the probability of YIT Oyj's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move YIT Oyj's price. Additionally, you may evaluate how the addition of YIT Oyj to your portfolios can decrease your overall portfolio volatility.
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