Bittium Oyj (Finland) Probability of Future Stock Price Finishing Over 6.06
| BITTI Stock | EUR 6.08 0.14 2.36% |
Bittium |
Bittium Oyj Target Price Odds to finish over 6.06
The tendency of Bittium 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 stay above € 6.06 in 90 days |
| 6.08 | 90 days | 6.06 | about 5.99 |
Based on a normal probability distribution, the odds of Bittium Oyj to stay above € 6.06 in 90 days from now is about 5.99 (This Bittium Oyj probability density function shows the probability of Bittium Stock to fall within a particular range of prices over 90 days) . Probability of Bittium Oyj price to stay between € 6.06 and its current price of €6.08 at the end of the 90-day period is near 1 .
Assuming the 90 days trading horizon Bittium Oyj has a beta of -0.082 suggesting as returns on the benchmark increase, returns on holding Bittium Oyj are expected to decrease at a much lower rate. During a bear market, however, Bittium Oyj is likely to outperform the market. Additionally Bittium Oyj has an alpha of 0.405, implying that it can generate a 0.41 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Bittium Oyj Price Density |
| Price |
Predictive Modules for Bittium 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 Bittium 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 Bittium 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.
Bittium Oyj Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Bittium Oyj is not an exception. The market had few large corrections towards the Bittium 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 Bittium Oyj, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Bittium Oyj within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.41 | |
β | Beta against NYSE Composite | -0.08 | |
σ | Overall volatility | 0.63 | |
Ir | Information ratio | 0.13 |
Bittium 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 Bittium Oyj for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Bittium 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.| About 22.0% of the company shares are held by company insiders |
Bittium 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 Bittium Stock often depends not only on the future outlook of the current and potential Bittium 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. Bittium Oyj's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 35.7 M |
Bittium Oyj Technical Analysis
Bittium Oyj's future price can be derived by breaking down and analyzing its technical indicators over time. Bittium Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Bittium Oyj. In general, you should focus on analyzing Bittium Stock price patterns and their correlations with different microeconomic environments and drivers.
Bittium Oyj Predictive Forecast Models
Bittium Oyj's time-series forecasting models is one of many Bittium 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 Bittium 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 Bittium Oyj
Checking the ongoing alerts about Bittium Oyj for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Bittium Oyj help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| About 22.0% of the company shares are held by company insiders |
Check out Bittium Oyj Backtesting, Bittium Oyj Valuation, Bittium Oyj Correlation, Bittium Oyj Hype Analysis, Bittium Oyj Volatility, Bittium Oyj History as well as Bittium Oyj Performance. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Complementary Tools for Bittium Stock analysis
When running Bittium Oyj's price analysis, check to measure Bittium 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 Bittium Oyj is operating at the current time. Most of Bittium Oyj's value examination focuses on studying past and present price action to predict the probability of Bittium 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 Bittium Oyj's price. Additionally, you may evaluate how the addition of Bittium Oyj to your portfolios can decrease your overall portfolio volatility.
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