Cummins India (India) Probability of Future Stock Price Finishing Over 2937.75
| CUMMINSIND | 2,938 52.85 1.77% |
Cummins |
Cummins India Target Price Odds to finish over 2937.75
The tendency of Cummins 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 move above the current price in 90 days |
| 2,938 | 90 days | 2,938 | about 56.57 |
Based on a normal probability distribution, the odds of Cummins India to move above the current price in 90 days from now is about 56.57 (This Cummins India Limited probability density function shows the probability of Cummins Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon Cummins India has a beta of 0.53 suggesting as returns on the market go up, Cummins India average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Cummins India Limited will be expected to be much smaller as well. Additionally Cummins India 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. Cummins India Price Density |
| Price |
Predictive Modules for Cummins India
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Cummins India Limited. 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.Cummins India Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Cummins India is not an exception. The market had few large corrections towards the Cummins India'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 Cummins India Limited, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Cummins India within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.25 | |
β | Beta against Dow Jones | 0.53 | |
σ | Overall volatility | 223.70 | |
Ir | Information ratio | -0.09 |
Cummins India 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 Cummins India for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Cummins India Limited can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Cummins India generated a negative expected return over the last 90 days | |
| Cummins India is unlikely to experience financial distress in the next 2 years | |
| About 51.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Cummins India Limiteds largest shareholders are public companies with 51 percent ownership, institutions own 27 percent - Simply Wall St |
Cummins India 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 Cummins Stock often depends not only on the future outlook of the current and potential Cummins India'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. Cummins India's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 277.2 M | |
| Cash And Short Term Investments | 26.9 B |
Cummins India Technical Analysis
Cummins India's future price can be derived by breaking down and analyzing its technical indicators over time. Cummins Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Cummins India Limited. In general, you should focus on analyzing Cummins Stock price patterns and their correlations with different microeconomic environments and drivers.
Cummins India Predictive Forecast Models
Cummins India's time-series forecasting models is one of many Cummins India'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 Cummins India'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 Cummins India Limited
Checking the ongoing alerts about Cummins India for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Cummins India Limited help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Cummins India generated a negative expected return over the last 90 days | |
| Cummins India is unlikely to experience financial distress in the next 2 years | |
| About 51.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Cummins India Limiteds largest shareholders are public companies with 51 percent ownership, institutions own 27 percent - Simply Wall St |
Additional Tools for Cummins Stock Analysis
When running Cummins India's price analysis, check to measure Cummins India'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 Cummins India is operating at the current time. Most of Cummins India's value examination focuses on studying past and present price action to predict the probability of Cummins India's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cummins India's price. Additionally, you may evaluate how the addition of Cummins India to your portfolios can decrease your overall portfolio volatility.