Selan Exploration (India) Probability of Future Stock Price Finishing Over 869.11
| SELAN Stock | 822.55 10.05 1.21% |
Selan |
Selan Exploration Target Price Odds to finish over 869.11
The tendency of Selan 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 move over 869.11 or more in 90 days |
| 822.55 | 90 days | 869.11 | about 47.09 |
Based on a normal probability distribution, the odds of Selan Exploration to move over 869.11 or more in 90 days from now is about 47.09 (This Selan Exploration Technology probability density function shows the probability of Selan Stock to fall within a particular range of prices over 90 days) . Probability of Selan Exploration price to stay between its current price of 822.55 and 869.11 at the end of the 90-day period is about 41.99 .
Assuming the 90 days trading horizon Selan Exploration Technology has a beta of -0.46. This usually implies as returns on the benchmark increase, returns on holding Selan Exploration are expected to decrease at a much lower rate. During a bear market, however, Selan Exploration Technology is likely to outperform the market. Additionally Selan Exploration Technology 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. Selan Exploration Price Density |
| Price |
Predictive Modules for Selan Exploration
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Selan Exploration. 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.Selan Exploration Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Selan Exploration is not an exception. The market had few large corrections towards the Selan Exploration'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 Selan Exploration Technology, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Selan Exploration within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.1 | |
β | Beta against Dow Jones | -0.46 | |
σ | Overall volatility | 35.70 | |
Ir | Information ratio | -0.06 |
Selan Exploration 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 Selan Exploration for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Selan Exploration can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Selan Exploration generated a negative expected return over the last 90 days | |
| Selan Exploration is unlikely to experience financial distress in the next 2 years | |
| About 38.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Selan Exploration Technology - Dolly Khannas portfolio 4 stocks turned multibagger in CY24 - The Economic Times |
Selan Exploration 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 Selan Stock often depends not only on the future outlook of the current and potential Selan Exploration'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. Selan Exploration's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 15.2 M | |
| Cash And Short Term Investments | 747.5 M |
Selan Exploration Technical Analysis
Selan Exploration's future price can be derived by breaking down and analyzing its technical indicators over time. Selan Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Selan Exploration Technology. In general, you should focus on analyzing Selan Stock price patterns and their correlations with different microeconomic environments and drivers.
Selan Exploration Predictive Forecast Models
Selan Exploration's time-series forecasting models is one of many Selan Exploration'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 Selan Exploration'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 Selan Exploration
Checking the ongoing alerts about Selan Exploration for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Selan Exploration help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Selan Exploration generated a negative expected return over the last 90 days | |
| Selan Exploration is unlikely to experience financial distress in the next 2 years | |
| About 38.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Selan Exploration Technology - Dolly Khannas portfolio 4 stocks turned multibagger in CY24 - The Economic Times |
Other Information on Investing in Selan Stock
Selan Exploration financial ratios help investors to determine whether Selan 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 Selan with respect to the benefits of owning Selan Exploration security.