Lanka Ceramic (Sri Lanka) Probability of Future Stock Price Finishing Under 133.38
| CERAN0000 | LKR 135.50 5.50 3.90% |
Lanka |
Lanka Ceramic Target Price Odds to finish below 133.38
The tendency of Lanka 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 133.38 or more in 90 days |
| 135.50 | 90 days | 133.38 | about 87.13 |
Based on a normal probability distribution, the odds of Lanka Ceramic to drop to 133.38 or more in 90 days from now is about 87.13 (This Lanka Ceramic PLC probability density function shows the probability of Lanka Stock to fall within a particular range of prices over 90 days) . Probability of Lanka Ceramic PLC price to stay between 133.38 and its current price of 135.5 at the end of the 90-day period is roughly 2.93 .
Assuming the 90 days trading horizon Lanka Ceramic has a beta of 0.16 suggesting as returns on the market go up, Lanka Ceramic average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Lanka Ceramic PLC will be expected to be much smaller as well. Additionally Lanka Ceramic PLC has an alpha of 0.4915, implying that it can generate a 0.49 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Lanka Ceramic Price Density |
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Predictive Modules for Lanka Ceramic
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Lanka Ceramic PLC. 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.Lanka Ceramic Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Lanka Ceramic is not an exception. The market had few large corrections towards the Lanka Ceramic'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 Lanka Ceramic PLC, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Lanka Ceramic within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.49 | |
β | Beta against Dow Jones | 0.16 | |
σ | Overall volatility | 13.82 | |
Ir | Information ratio | 0.16 |
Lanka Ceramic 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 Lanka Ceramic for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Lanka Ceramic PLC can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Lanka Ceramic PLC had very high historical volatility over the last 90 days |
Lanka Ceramic Technical Analysis
Lanka Ceramic's future price can be derived by breaking down and analyzing its technical indicators over time. Lanka Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Lanka Ceramic PLC. In general, you should focus on analyzing Lanka Stock price patterns and their correlations with different microeconomic environments and drivers.
Lanka Ceramic Predictive Forecast Models
Lanka Ceramic's time-series forecasting models is one of many Lanka Ceramic'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 Lanka Ceramic'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 Lanka Ceramic PLC
Checking the ongoing alerts about Lanka Ceramic for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Lanka Ceramic PLC help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Lanka Ceramic PLC had very high historical volatility over the last 90 days |
Other Information on Investing in Lanka Stock
Lanka Ceramic financial ratios help investors to determine whether Lanka 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 Lanka with respect to the benefits of owning Lanka Ceramic security.