Manali Petrochemicals (India) Probability of Future Stock Price Finishing Over 56.04
| MANALIPETC | 61.82 2.58 4.01% |
Manali |
Manali Petrochemicals Target Price Odds to finish over 56.04
The tendency of Manali 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 56.04 in 90 days |
| 61.82 | 90 days | 56.04 | about 98.0 |
Based on a normal probability distribution, the odds of Manali Petrochemicals to stay above 56.04 in 90 days from now is about 98.0 (This Manali Petrochemicals Limited probability density function shows the probability of Manali Stock to fall within a particular range of prices over 90 days) . Probability of Manali Petrochemicals price to stay between 56.04 and its current price of 61.82 at the end of the 90-day period is about 13.02 .
Assuming the 90 days trading horizon Manali Petrochemicals Limited has a beta of -0.44. This indicates as returns on the benchmark increase, returns on holding Manali Petrochemicals are expected to decrease at a much lower rate. During a bear market, however, Manali Petrochemicals Limited is likely to outperform the market. Additionally Manali Petrochemicals 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. Manali Petrochemicals Price Density |
| Price |
Predictive Modules for Manali Petrochemicals
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Manali Petrochemicals. 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.Manali Petrochemicals Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Manali Petrochemicals is not an exception. The market had few large corrections towards the Manali Petrochemicals' 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 Manali Petrochemicals Limited, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Manali Petrochemicals within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.36 | |
β | Beta against Dow Jones | -0.44 | |
σ | Overall volatility | 5.55 | |
Ir | Information ratio | -0.16 |
Manali Petrochemicals 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 Manali Petrochemicals for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Manali Petrochemicals can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Manali Petrochemicals generated a negative expected return over the last 90 days | |
| About 46.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Manali Petrochemicals Limited Announces Execution of Memorandum of Understanding with Fermenta Biotech Limited - Marketscreener.com |
Manali Petrochemicals 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 Manali Stock often depends not only on the future outlook of the current and potential Manali Petrochemicals' 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. Manali Petrochemicals' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 172 M | |
| Cash And Short Term Investments | 4.4 B |
Manali Petrochemicals Technical Analysis
Manali Petrochemicals' future price can be derived by breaking down and analyzing its technical indicators over time. Manali Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Manali Petrochemicals Limited. In general, you should focus on analyzing Manali Stock price patterns and their correlations with different microeconomic environments and drivers.
Manali Petrochemicals Predictive Forecast Models
Manali Petrochemicals' time-series forecasting models is one of many Manali Petrochemicals' 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 Manali Petrochemicals' 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 Manali Petrochemicals
Checking the ongoing alerts about Manali Petrochemicals for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Manali Petrochemicals help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Manali Petrochemicals generated a negative expected return over the last 90 days | |
| About 46.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Manali Petrochemicals Limited Announces Execution of Memorandum of Understanding with Fermenta Biotech Limited - Marketscreener.com |
Additional Tools for Manali Stock Analysis
When running Manali Petrochemicals' price analysis, check to measure Manali Petrochemicals' 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 Manali Petrochemicals is operating at the current time. Most of Manali Petrochemicals' value examination focuses on studying past and present price action to predict the probability of Manali Petrochemicals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Manali Petrochemicals' price. Additionally, you may evaluate how the addition of Manali Petrochemicals to your portfolios can decrease your overall portfolio volatility.