KONE Oyj (Finland) Odds of Future Stock Price Finishing Under 43.23
| KNEBV Stock | EUR 45.80 0.48 1.04% |
KONE |
KONE Oyj Target Price Odds to finish below 43.23
The tendency of KONE 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 drop to € 43.23 or more in 90 days |
| 45.80 | 90 days | 43.23 | about 23.16 |
Based on a normal probability distribution, the odds of KONE Oyj to drop to € 43.23 or more in 90 days from now is about 23.16 (This KONE Oyj probability density function shows the probability of KONE Stock to fall within a particular range of prices over 90 days) . Probability of KONE Oyj price to stay between € 43.23 and its current price of €45.8 at the end of the 90-day period is about 75.62 .
Assuming the 90 days trading horizon KONE Oyj has a beta of 0.12. This indicates as returns on the market go up, KONE Oyj average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding KONE Oyj will be expected to be much smaller as well. Additionally KONE Oyj has an alpha of 0.0344, implying that it can generate a 0.0344 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). KONE Oyj Price Density |
| Price |
Predictive Modules for KONE 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 KONE 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 KONE 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.
KONE Oyj Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. KONE Oyj is not an exception. The market had few large corrections towards the KONE 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 KONE Oyj, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of KONE Oyj within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.03 | |
β | Beta against NYSE Composite | 0.12 | |
σ | Overall volatility | 0.82 | |
Ir | Information ratio | -0.0072 |
KONE 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 KONE Oyj for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for KONE 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 28.0% of the company outstanding shares are owned by corporate insiders |
KONE 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 KONE Stock often depends not only on the future outlook of the current and potential KONE 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. KONE Oyj's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 517.1 M |
KONE Oyj Technical Analysis
KONE Oyj's future price can be derived by breaking down and analyzing its technical indicators over time. KONE Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of KONE Oyj. In general, you should focus on analyzing KONE Stock price patterns and their correlations with different microeconomic environments and drivers.
KONE Oyj Predictive Forecast Models
KONE Oyj's time-series forecasting models is one of many KONE 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 KONE 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 KONE Oyj
Checking the ongoing alerts about KONE Oyj for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for KONE Oyj help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| About 28.0% of the company outstanding shares are owned by corporate insiders |
Check out KONE Oyj Backtesting, KONE Oyj Valuation, KONE Oyj Correlation, KONE Oyj Hype Analysis, KONE Oyj Volatility, KONE Oyj History as well as KONE Oyj Performance. You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
Complementary Tools for KONE Stock analysis
When running KONE Oyj's price analysis, check to measure KONE 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 KONE Oyj is operating at the current time. Most of KONE Oyj's value examination focuses on studying past and present price action to predict the probability of KONE 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 KONE Oyj's price. Additionally, you may evaluate how the addition of KONE Oyj to your portfolios can decrease your overall portfolio volatility.
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