JSW Steel (India) Probability of Future Stock Price Finishing Under 963.6
| JSWSTEEL | 914.45 7.40 0.80% |
JSW |
JSW Steel Target Price Odds to finish below 963.6
The tendency of JSW 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 under 963.60 after 90 days |
| 914.45 | 90 days | 963.60 | about 31.23 |
Based on a normal probability distribution, the odds of JSW Steel to stay under 963.60 after 90 days from now is about 31.23 (This JSW Steel Limited probability density function shows the probability of JSW Stock to fall within a particular range of prices over 90 days) . Probability of JSW Steel Limited price to stay between its current price of 914.45 and 963.60 at the end of the 90-day period is about 29.76 .
Assuming the 90 days trading horizon JSW Steel has a beta of 0.55. This indicates as returns on the market go up, JSW Steel average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding JSW Steel Limited will be expected to be much smaller as well. Additionally JSW Steel 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. JSW Steel Price Density |
| Price |
Predictive Modules for JSW Steel
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as JSW Steel 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of JSW Steel'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.
JSW Steel Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. JSW Steel is not an exception. The market had few large corrections towards the JSW Steel'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 JSW Steel Limited, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of JSW Steel within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.13 | |
β | Beta against Dow Jones | 0.55 | |
σ | Overall volatility | 30.33 | |
Ir | Information ratio | -0.1 |
JSW Steel 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 JSW Steel for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for JSW Steel 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.| JSW Steel Limited generated a negative expected return over the last 90 days | |
| About 64.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: JSW Steel Ltd drops for fifth straight session - Business Standard |
JSW Steel 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 JSW Stock often depends not only on the future outlook of the current and potential JSW Steel'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. JSW Steel's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 2.4 B | |
| Cash And Short Term Investments | 96.7 B |
JSW Steel Technical Analysis
JSW Steel's future price can be derived by breaking down and analyzing its technical indicators over time. JSW Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of JSW Steel Limited. In general, you should focus on analyzing JSW Stock price patterns and their correlations with different microeconomic environments and drivers.
JSW Steel Predictive Forecast Models
JSW Steel's time-series forecasting models is one of many JSW Steel'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 JSW Steel'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 JSW Steel Limited
Checking the ongoing alerts about JSW Steel for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for JSW Steel Limited help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| JSW Steel Limited generated a negative expected return over the last 90 days | |
| About 64.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: JSW Steel Ltd drops for fifth straight session - Business Standard |
Other Information on Investing in JSW Stock
JSW Steel financial ratios help investors to determine whether JSW 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 JSW with respect to the benefits of owning JSW Steel security.