CREDITACCESS GRAMEEN (India) Probability of Future Stock Price Finishing Over 938.65
| CREDITACC | 999.55 29.55 2.87% |
CREDITACCESS |
CREDITACCESS GRAMEEN Target Price Odds to finish over 938.65
The tendency of CREDITACCESS 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 938.65 in 90 days |
| 999.55 | 90 days | 938.65 | about 44.45 |
Based on a normal probability distribution, the odds of CREDITACCESS GRAMEEN to stay above 938.65 in 90 days from now is about 44.45 (This CREDITACCESS GRAMEEN LIMITED probability density function shows the probability of CREDITACCESS Stock to fall within a particular range of prices over 90 days) . Probability of CREDITACCESS GRAMEEN price to stay between 938.65 and its current price of 999.55 at the end of the 90-day period is about 31.85 .
Assuming the 90 days trading horizon CREDITACCESS GRAMEEN LIMITED has a beta of -0.0427 suggesting as returns on the benchmark increase, returns on holding CREDITACCESS GRAMEEN are expected to decrease at a much lower rate. During a bear market, however, CREDITACCESS GRAMEEN LIMITED is likely to outperform the market. Additionally CREDITACCESS GRAMEEN LIMITED has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. CREDITACCESS GRAMEEN Price Density |
| Price |
Predictive Modules for CREDITACCESS GRAMEEN
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as CREDITACCESS GRAMEEN. 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.CREDITACCESS GRAMEEN Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. CREDITACCESS GRAMEEN is not an exception. The market had few large corrections towards the CREDITACCESS GRAMEEN'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 CREDITACCESS GRAMEEN LIMITED, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of CREDITACCESS GRAMEEN within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.05 | |
β | Beta against Dow Jones | -0.04 | |
σ | Overall volatility | 60.53 | |
Ir | Information ratio | -0.02 |
CREDITACCESS GRAMEEN 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 CREDITACCESS GRAMEEN for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for CREDITACCESS GRAMEEN can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| CREDITACCESS GRAMEEN generated a negative expected return over the last 90 days | |
| CREDITACCESS GRAMEEN has high historical volatility and very poor performance | |
| CREDITACCESS GRAMEEN LIMITED has accumulated about 13.41 B in cash with (47.34 B) of positive cash flow from operations. | |
| Roughly 66.0% of the company shares are held by company insiders |
CREDITACCESS GRAMEEN 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 CREDITACCESS Stock often depends not only on the future outlook of the current and potential CREDITACCESS GRAMEEN'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. CREDITACCESS GRAMEEN's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 159.9 M | |
| Cash And Short Term Investments | 26.4 B |
CREDITACCESS GRAMEEN Technical Analysis
CREDITACCESS GRAMEEN's future price can be derived by breaking down and analyzing its technical indicators over time. CREDITACCESS Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of CREDITACCESS GRAMEEN LIMITED. In general, you should focus on analyzing CREDITACCESS Stock price patterns and their correlations with different microeconomic environments and drivers.
CREDITACCESS GRAMEEN Predictive Forecast Models
CREDITACCESS GRAMEEN's time-series forecasting models is one of many CREDITACCESS GRAMEEN'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 CREDITACCESS GRAMEEN'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 CREDITACCESS GRAMEEN
Checking the ongoing alerts about CREDITACCESS GRAMEEN for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for CREDITACCESS GRAMEEN help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| CREDITACCESS GRAMEEN generated a negative expected return over the last 90 days | |
| CREDITACCESS GRAMEEN has high historical volatility and very poor performance | |
| CREDITACCESS GRAMEEN LIMITED has accumulated about 13.41 B in cash with (47.34 B) of positive cash flow from operations. | |
| Roughly 66.0% of the company shares are held by company insiders |
Other Information on Investing in CREDITACCESS Stock
CREDITACCESS GRAMEEN financial ratios help investors to determine whether CREDITACCESS 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 CREDITACCESS with respect to the benefits of owning CREDITACCESS GRAMEEN security.