Bajaj Healthcare (India) Probability of Future Stock Price Finishing Over 351.57
| BAJAJHCARE | 533.90 50.90 8.70% |
Bajaj |
Bajaj Healthcare Target Price Odds to finish over 351.57
The tendency of Bajaj 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 351.57 in 90 days |
| 533.90 | 90 days | 351.57 | about 83.97 |
Based on a normal probability distribution, the odds of Bajaj Healthcare to stay above 351.57 in 90 days from now is about 83.97 (This Bajaj Healthcare Limited probability density function shows the probability of Bajaj Stock to fall within a particular range of prices over 90 days) . Probability of Bajaj Healthcare price to stay between 351.57 and its current price of 533.9 at the end of the 90-day period is about 83.87 .
Assuming the 90 days trading horizon Bajaj Healthcare Limited has a beta of -1.19 suggesting as returns on its benchmark rise, returns on holding Bajaj Healthcare Limited are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Bajaj Healthcare is expected to outperform its benchmark. Additionally Bajaj Healthcare Limited has an alpha of 0.6052, implying that it can generate a 0.61 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Bajaj Healthcare Price Density |
| Price |
Predictive Modules for Bajaj Healthcare
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Bajaj Healthcare. 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.Bajaj Healthcare Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Bajaj Healthcare is not an exception. The market had few large corrections towards the Bajaj Healthcare'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 Bajaj Healthcare Limited, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Bajaj Healthcare within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.61 | |
β | Beta against Dow Jones | -1.19 | |
σ | Overall volatility | 44.54 | |
Ir | Information ratio | 0.13 |
Bajaj Healthcare 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 Bajaj Healthcare for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Bajaj Healthcare can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Bajaj Healthcare appears to be risky and price may revert if volatility continues | |
| The company reported the revenue of 4.73 B. Net Loss for the year was (143.27 M) with profit before overhead, payroll, taxes, and interest of 1.8 B. | |
| About 65.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: BAJAJ HEALTHCARE Share Price Today Down 7 percent - Equitymaster |
Bajaj Healthcare 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 Bajaj Stock often depends not only on the future outlook of the current and potential Bajaj Healthcare'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. Bajaj Healthcare's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 27.6 M | |
| Cash And Short Term Investments | 29.3 M |
Bajaj Healthcare Technical Analysis
Bajaj Healthcare's future price can be derived by breaking down and analyzing its technical indicators over time. Bajaj Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Bajaj Healthcare Limited. In general, you should focus on analyzing Bajaj Stock price patterns and their correlations with different microeconomic environments and drivers.
Bajaj Healthcare Predictive Forecast Models
Bajaj Healthcare's time-series forecasting models is one of many Bajaj Healthcare'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 Bajaj Healthcare'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 Bajaj Healthcare
Checking the ongoing alerts about Bajaj Healthcare for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Bajaj Healthcare help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Bajaj Healthcare appears to be risky and price may revert if volatility continues | |
| The company reported the revenue of 4.73 B. Net Loss for the year was (143.27 M) with profit before overhead, payroll, taxes, and interest of 1.8 B. | |
| About 65.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: BAJAJ HEALTHCARE Share Price Today Down 7 percent - Equitymaster |
Other Information on Investing in Bajaj Stock
Bajaj Healthcare financial ratios help investors to determine whether Bajaj Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Bajaj with respect to the benefits of owning Bajaj Healthcare security.