NMDC (India) Chance of Future Stock Price Finishing Under 216.51
| NMDC Stock | 69.32 2.16 3.02% |
NMDC |
NMDC Target Price Odds to finish below 216.51
The tendency of NMDC 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 216.51 after 90 days |
| 69.32 | 90 days | 216.51 | close to 99 |
Based on a normal probability distribution, the odds of NMDC to stay under 216.51 after 90 days from now is close to 99 (This NMDC Limited probability density function shows the probability of NMDC Stock to fall within a particular range of prices over 90 days) . Probability of NMDC Limited price to stay between its current price of 69.32 and 216.51 at the end of the 90-day period is about 69.52 .
Assuming the 90 days trading horizon NMDC has a beta of 0.55. This indicates as returns on the market go up, NMDC average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding NMDC Limited will be expected to be much smaller as well. Moreover NMDC Limited has an alpha of 1.8995, implying that it can generate a 1.9 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). NMDC Price Density |
| Price |
Predictive Modules for NMDC
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as NMDC 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.NMDC Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. NMDC is not an exception. The market had few large corrections towards the NMDC'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 NMDC Limited, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of NMDC within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 1.90 | |
β | Beta against Dow Jones | 0.55 | |
σ | Overall volatility | 17.06 | |
Ir | Information ratio | 0.07 |
NMDC 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 NMDC for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for NMDC 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.| NMDC Limited is way too risky over 90 days horizon | |
| NMDC Limited appears to be risky and price may revert if volatility continues | |
| About 61.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: NMDC shares fall 7 percent on reports of Karnatakas proposed iron ore duty hike, down for 6th straight session Stock Market News - Mint |
NMDC 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 NMDC Stock often depends not only on the future outlook of the current and potential NMDC'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. NMDC's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 2.9 B | |
| Cash And Short Term Investments | 122.8 B |
NMDC Technical Analysis
NMDC's future price can be derived by breaking down and analyzing its technical indicators over time. NMDC Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of NMDC Limited. In general, you should focus on analyzing NMDC Stock price patterns and their correlations with different microeconomic environments and drivers.
NMDC Predictive Forecast Models
NMDC's time-series forecasting models is one of many NMDC'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 NMDC'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 NMDC Limited
Checking the ongoing alerts about NMDC for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for NMDC Limited help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| NMDC Limited is way too risky over 90 days horizon | |
| NMDC Limited appears to be risky and price may revert if volatility continues | |
| About 61.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: NMDC shares fall 7 percent on reports of Karnatakas proposed iron ore duty hike, down for 6th straight session Stock Market News - Mint |
Additional Tools for NMDC Stock Analysis
When running NMDC's price analysis, check to measure NMDC'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 NMDC is operating at the current time. Most of NMDC's value examination focuses on studying past and present price action to predict the probability of NMDC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NMDC's price. Additionally, you may evaluate how the addition of NMDC to your portfolios can decrease your overall portfolio volatility.