Scandinavian Tobacco Group Stock Probability of Future Pink Sheet Price Finishing Over 9.97
| STBGY Stock | USD 7.60 0.03 0.39% |
Scandinavian |
Scandinavian Tobacco Target Price Odds to finish over 9.97
The tendency of Scandinavian Pink Sheet 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 $ 9.97 or more in 90 days |
| 7.60 | 90 days | 9.97 | near 1 |
Based on a normal probability distribution, the odds of Scandinavian Tobacco to move over $ 9.97 or more in 90 days from now is near 1 (This Scandinavian Tobacco Group probability density function shows the probability of Scandinavian Pink Sheet to fall within a particular range of prices over 90 days) . Probability of Scandinavian Tobacco price to stay between its current price of $ 7.60 and $ 9.97 at the end of the 90-day period is about 88.67 .
Assuming the 90 days horizon Scandinavian Tobacco Group has a beta of -0.14. This usually implies as returns on the benchmark increase, returns on holding Scandinavian Tobacco are expected to decrease at a much lower rate. During a bear market, however, Scandinavian Tobacco Group is likely to outperform the market. Additionally Scandinavian Tobacco Group has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Scandinavian Tobacco Price Density |
| Price |
Predictive Modules for Scandinavian Tobacco
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Scandinavian Tobacco. Regardless of method or technology, however, to accurately forecast the pink sheet market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the pink sheet 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 Scandinavian Tobacco'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.
Scandinavian Tobacco Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Scandinavian Tobacco is not an exception. The market had few large corrections towards the Scandinavian Tobacco'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 Scandinavian Tobacco Group, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Scandinavian Tobacco within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.01 | |
β | Beta against NYSE Composite | -0.14 | |
σ | Overall volatility | 0.43 | |
Ir | Information ratio | -0.05 |
Scandinavian Tobacco 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 Scandinavian Tobacco for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Scandinavian Tobacco can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Scandinavian Tobacco generated a negative expected return over the last 90 days |
Scandinavian Tobacco 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 Scandinavian Pink Sheet often depends not only on the future outlook of the current and potential Scandinavian Tobacco'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. Scandinavian Tobacco's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 93 M | |
| Dividends Paid | 626.7 M | |
| Shares Float | 156.9 M |
Scandinavian Tobacco Technical Analysis
Scandinavian Tobacco's future price can be derived by breaking down and analyzing its technical indicators over time. Scandinavian Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Scandinavian Tobacco Group. In general, you should focus on analyzing Scandinavian Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
Scandinavian Tobacco Predictive Forecast Models
Scandinavian Tobacco's time-series forecasting models is one of many Scandinavian Tobacco's pink sheet 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 Scandinavian Tobacco'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 pink sheet market movement and maximize returns from investment trading.
Things to note about Scandinavian Tobacco
Checking the ongoing alerts about Scandinavian Tobacco for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Scandinavian Tobacco help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Scandinavian Tobacco generated a negative expected return over the last 90 days |
Check out Scandinavian Tobacco Backtesting, Scandinavian Tobacco Valuation, Scandinavian Tobacco Correlation, Scandinavian Tobacco Hype Analysis, Scandinavian Tobacco Volatility, Scandinavian Tobacco History as well as Scandinavian Tobacco Performance. Note that the Scandinavian Tobacco information on this page should be used as a complementary analysis to other Scandinavian Tobacco's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Complementary Tools for Scandinavian Pink Sheet analysis
When running Scandinavian Tobacco's price analysis, check to measure Scandinavian Tobacco'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 Scandinavian Tobacco is operating at the current time. Most of Scandinavian Tobacco's value examination focuses on studying past and present price action to predict the probability of Scandinavian Tobacco's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Scandinavian Tobacco's price. Additionally, you may evaluate how the addition of Scandinavian Tobacco to your portfolios can decrease your overall portfolio volatility.
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| Stocks Directory Find actively traded stocks across global markets | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities |