JS Global (Pakistan) Probability of Future Stock Price Finishing Over 21.07
| JSGBETF Stock | 18.52 1.78 8.77% |
JSGBETF |
JS Global Target Price Odds to finish over 21.07
The tendency of JSGBETF 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 over 21.07 or more in 90 days |
| 18.52 | 90 days | 21.07 | about 34.58 |
Based on a normal probability distribution, the odds of JS Global to move over 21.07 or more in 90 days from now is about 34.58 (This JS Global Banking probability density function shows the probability of JSGBETF Stock to fall within a particular range of prices over 90 days) . Probability of JS Global Banking price to stay between its current price of 18.52 and 21.07 at the end of the 90-day period is about 61.05 .
Assuming the 90 days trading horizon JS Global Banking has a beta of -0.91. This indicates Additionally JS Global Banking 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. JS Global Price Density |
| Price |
Predictive Modules for JS Global
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as JS Global Banking. 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 JS Global'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.
JS Global Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. JS Global is not an exception. The market had few large corrections towards the JS Global'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 JS Global Banking, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of JS Global within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.18 | |
β | Beta against Dow Jones | -0.91 | |
σ | Overall volatility | 1.21 | |
Ir | Information ratio | -0.04 |
JS Global 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 JS Global for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for JS Global Banking can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| JS Global Banking generated a negative expected return over the last 90 days |
JS Global Technical Analysis
JS Global's future price can be derived by breaking down and analyzing its technical indicators over time. JSGBETF Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of JS Global Banking. In general, you should focus on analyzing JSGBETF Stock price patterns and their correlations with different microeconomic environments and drivers.
JS Global Predictive Forecast Models
JS Global's time-series forecasting models is one of many JS Global'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 JS Global'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 JS Global Banking
Checking the ongoing alerts about JS Global for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for JS Global Banking help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| JS Global Banking generated a negative expected return over the last 90 days |