Prakash Steelage (India) Probability of Future Stock Price Finishing Under 8.45
| PRAKASHSTL | 8.08 0.13 1.58% |
Prakash |
Prakash Steelage Target Price Odds to finish below 8.45
The tendency of Prakash 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 8.45 after 90 days |
| 8.08 | 90 days | 8.45 | about 34.01 |
Based on a normal probability distribution, the odds of Prakash Steelage to stay under 8.45 after 90 days from now is about 34.01 (This Prakash Steelage Limited probability density function shows the probability of Prakash Stock to fall within a particular range of prices over 90 days) . Probability of Prakash Steelage price to stay between its current price of 8.08 and 8.45 at the end of the 90-day period is about 26.26 .
Assuming the 90 days trading horizon Prakash Steelage has a beta of 0.47 indicating as returns on the market go up, Prakash Steelage average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Prakash Steelage Limited will be expected to be much smaller as well. Additionally Prakash Steelage 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. Prakash Steelage Price Density |
| Price |
Predictive Modules for Prakash Steelage
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Prakash Steelage. 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.Prakash Steelage Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Prakash Steelage is not an exception. The market had few large corrections towards the Prakash Steelage'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 Prakash Steelage Limited, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Prakash Steelage within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.13 | |
β | Beta against Dow Jones | 0.47 | |
σ | Overall volatility | 0.37 | |
Ir | Information ratio | -0.05 |
Prakash Steelage 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 Prakash Steelage for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Prakash Steelage can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Prakash Steelage generated a negative expected return over the last 90 days | |
| Prakash Steelage is unlikely to experience financial distress in the next 2 years | |
| About 34.0% of the company outstanding shares are owned by corporate insiders |
Prakash Steelage 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 Prakash Stock often depends not only on the future outlook of the current and potential Prakash Steelage'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. Prakash Steelage's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 175 M | |
| Cash And Short Term Investments | 3.5 M |
Prakash Steelage Technical Analysis
Prakash Steelage's future price can be derived by breaking down and analyzing its technical indicators over time. Prakash Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Prakash Steelage Limited. In general, you should focus on analyzing Prakash Stock price patterns and their correlations with different microeconomic environments and drivers.
Prakash Steelage Predictive Forecast Models
Prakash Steelage's time-series forecasting models is one of many Prakash Steelage'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 Prakash Steelage'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 Prakash Steelage
Checking the ongoing alerts about Prakash Steelage for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Prakash Steelage help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Prakash Steelage generated a negative expected return over the last 90 days | |
| Prakash Steelage is unlikely to experience financial distress in the next 2 years | |
| About 34.0% of the company outstanding shares are owned by corporate insiders |
Other Information on Investing in Prakash Stock
Prakash Steelage financial ratios help investors to determine whether Prakash 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 Prakash with respect to the benefits of owning Prakash Steelage security.