Pakistan Cables (Pakistan) Probability of Future Stock Price Finishing Under 66.03
| PCAL Stock | 154.50 1.49 0.96% |
Pakistan |
Pakistan Cables Target Price Odds to finish below 66.03
The tendency of Pakistan 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 drop to 66.03 or more in 90 days |
| 154.50 | 90 days | 66.03 | near 1 |
Based on a normal probability distribution, the odds of Pakistan Cables to drop to 66.03 or more in 90 days from now is near 1 (This Pakistan Cables probability density function shows the probability of Pakistan Stock to fall within a particular range of prices over 90 days) . Probability of Pakistan Cables price to stay between 66.03 and its current price of 154.5 at the end of the 90-day period is about 87.27 .
Assuming the 90 days trading horizon Pakistan Cables has a beta of 0.82 indicating as returns on the market go up, Pakistan Cables average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Pakistan Cables will be expected to be much smaller as well. Additionally Pakistan Cables has an alpha of 0.249, implying that it can generate a 0.25 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Pakistan Cables Price Density |
| Price |
Predictive Modules for Pakistan Cables
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Pakistan Cables. 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.Pakistan Cables Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Pakistan Cables is not an exception. The market had few large corrections towards the Pakistan Cables' 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 Pakistan Cables, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Pakistan Cables within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.25 | |
β | Beta against Dow Jones | 0.82 | |
σ | Overall volatility | 12.64 | |
Ir | Information ratio | 0.07 |
Pakistan Cables 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 Pakistan Cables for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Pakistan Cables can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Pakistan Cables had very high historical volatility over the last 90 days |
Pakistan Cables Technical Analysis
Pakistan Cables' future price can be derived by breaking down and analyzing its technical indicators over time. Pakistan Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Pakistan Cables. In general, you should focus on analyzing Pakistan Stock price patterns and their correlations with different microeconomic environments and drivers.
Pakistan Cables Predictive Forecast Models
Pakistan Cables' time-series forecasting models is one of many Pakistan Cables' 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 Pakistan Cables' 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 Pakistan Cables
Checking the ongoing alerts about Pakistan Cables for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Pakistan Cables help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Pakistan Cables had very high historical volatility over the last 90 days |
Other Information on Investing in Pakistan Stock
Pakistan Cables financial ratios help investors to determine whether Pakistan 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 Pakistan with respect to the benefits of owning Pakistan Cables security.