Steel Authority (India) Probability of Future Stock Price Finishing Under 105.84
| SAIL Stock | 115.53 2.06 1.75% |
Steel |
Steel Authority Target Price Odds to finish below 105.84
The tendency of Steel 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 105.84 or more in 90 days |
| 115.53 | 90 days | 105.84 | roughly 2.18 |
Based on a normal probability distribution, the odds of Steel Authority to drop to 105.84 or more in 90 days from now is roughly 2.18 (This Steel Authority of probability density function shows the probability of Steel Stock to fall within a particular range of prices over 90 days) . Probability of Steel Authority price to stay between 105.84 and its current price of 115.53 at the end of the 90-day period is about 17.16 .
Assuming the 90 days trading horizon Steel Authority has a beta of 0.14. This usually implies as returns on the market go up, Steel Authority average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Steel Authority of will be expected to be much smaller as well. Additionally Steel Authority of 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. Steel Authority Price Density |
| Price |
Predictive Modules for Steel Authority
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Steel Authority. 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.Steel Authority Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Steel Authority is not an exception. The market had few large corrections towards the Steel Authority'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 Steel Authority of, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Steel Authority within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.21 | |
β | Beta against Dow Jones | 0.14 | |
σ | Overall volatility | 8.43 | |
Ir | Information ratio | -0.11 |
Steel Authority 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 Steel Authority for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Steel Authority can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Steel Authority generated a negative expected return over the last 90 days | |
| About 65.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Steel Authority Of India Share Price Highlights Steel Authority Of India closed today at 116.05, down -2.48 percent from yesterdays 119 Stock Market News - Mint |
Steel Authority 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 Steel Stock often depends not only on the future outlook of the current and potential Steel Authority'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. Steel Authority's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 4.1 B | |
| Cash And Short Term Investments | 1.5 B |
Steel Authority Technical Analysis
Steel Authority's future price can be derived by breaking down and analyzing its technical indicators over time. Steel Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Steel Authority of. In general, you should focus on analyzing Steel Stock price patterns and their correlations with different microeconomic environments and drivers.
Steel Authority Predictive Forecast Models
Steel Authority's time-series forecasting models is one of many Steel Authority'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 Steel Authority'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 Steel Authority
Checking the ongoing alerts about Steel Authority for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Steel Authority help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Steel Authority generated a negative expected return over the last 90 days | |
| About 65.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Steel Authority Of India Share Price Highlights Steel Authority Of India closed today at 116.05, down -2.48 percent from yesterdays 119 Stock Market News - Mint |
Additional Tools for Steel Stock Analysis
When running Steel Authority's price analysis, check to measure Steel Authority'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 Steel Authority is operating at the current time. Most of Steel Authority's value examination focuses on studying past and present price action to predict the probability of Steel Authority's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Steel Authority's price. Additionally, you may evaluate how the addition of Steel Authority to your portfolios can decrease your overall portfolio volatility.