Credo Brands (India) Probability of Future Stock Price Finishing Under 183.69
| MUFTI Stock | 175.97 1.28 0.73% |
Credo |
Credo Brands Target Price Odds to finish below 183.69
The tendency of Credo 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 183.69 after 90 days |
| 175.97 | 90 days | 183.69 | about 40.15 |
Based on a normal probability distribution, the odds of Credo Brands to stay under 183.69 after 90 days from now is about 40.15 (This Credo Brands Marketing probability density function shows the probability of Credo Stock to fall within a particular range of prices over 90 days) . Probability of Credo Brands Marketing price to stay between its current price of 175.97 and 183.69 at the end of the 90-day period is about 21.87 .
Assuming the 90 days trading horizon Credo Brands has a beta of 0.55. This indicates as returns on the market go up, Credo Brands average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Credo Brands Marketing will be expected to be much smaller as well. Additionally Credo Brands Marketing 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. Credo Brands Price Density |
| Price |
Predictive Modules for Credo Brands
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Credo Brands Marketing. 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.Credo Brands Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Credo Brands is not an exception. The market had few large corrections towards the Credo Brands' 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 Credo Brands Marketing, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Credo Brands within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.22 | |
β | Beta against Dow Jones | 0.55 | |
σ | Overall volatility | 11.82 | |
Ir | Information ratio | -0.07 |
Credo Brands 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 Credo Brands for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Credo Brands Marketing can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Credo Brands generated a negative expected return over the last 90 days | |
| Credo Brands has high historical volatility and very poor performance | |
| Credo Brands is unlikely to experience financial distress in the next 2 years | |
| About 63.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Credo Brands Marketing Stock Shows Strong Performance in Retail Industry - MarketsMojo |
Credo Brands 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 Credo Stock often depends not only on the future outlook of the current and potential Credo Brands' 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. Credo Brands' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 64.4 M | |
| Cash And Short Term Investments | 16.6 M |
Credo Brands Technical Analysis
Credo Brands' future price can be derived by breaking down and analyzing its technical indicators over time. Credo Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Credo Brands Marketing. In general, you should focus on analyzing Credo Stock price patterns and their correlations with different microeconomic environments and drivers.
Credo Brands Predictive Forecast Models
Credo Brands' time-series forecasting models is one of many Credo Brands' 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 Credo Brands' 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 Credo Brands Marketing
Checking the ongoing alerts about Credo Brands for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Credo Brands Marketing help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Credo Brands generated a negative expected return over the last 90 days | |
| Credo Brands has high historical volatility and very poor performance | |
| Credo Brands is unlikely to experience financial distress in the next 2 years | |
| About 63.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Credo Brands Marketing Stock Shows Strong Performance in Retail Industry - MarketsMojo |
Other Information on Investing in Credo Stock
Credo Brands financial ratios help investors to determine whether Credo 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 Credo with respect to the benefits of owning Credo Brands security.