STEEL EXCHANGE (India) Probability of Future Stock Price Finishing Under 6.44
| STEELXIND | 10.99 0.06 0.55% |
STEEL |
STEEL EXCHANGE Target Price Odds to finish below 6.44
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 6.44 or more in 90 days |
| 10.99 | 90 days | 6.44 | near 1 |
Based on a normal probability distribution, the odds of STEEL EXCHANGE to drop to 6.44 or more in 90 days from now is near 1 (This STEEL EXCHANGE INDIA probability density function shows the probability of STEEL Stock to fall within a particular range of prices over 90 days) . Probability of STEEL EXCHANGE INDIA price to stay between 6.44 and its current price of 10.99 at the end of the 90-day period is about 20.87 .
Assuming the 90 days trading horizon STEEL EXCHANGE has a beta of 0.41. This usually implies as returns on the market go up, STEEL EXCHANGE average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding STEEL EXCHANGE INDIA will be expected to be much smaller as well. Additionally STEEL EXCHANGE INDIA 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 EXCHANGE Price Density |
| Price |
Predictive Modules for STEEL EXCHANGE
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 EXCHANGE INDIA. 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 EXCHANGE Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. STEEL EXCHANGE is not an exception. The market had few large corrections towards the STEEL EXCHANGE'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 EXCHANGE INDIA, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of STEEL EXCHANGE within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.4 | |
β | Beta against Dow Jones | 0.41 | |
σ | Overall volatility | 1.16 | |
Ir | Information ratio | -0.22 |
STEEL EXCHANGE 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 EXCHANGE for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for STEEL EXCHANGE INDIA 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 EXCHANGE INDIA generated a negative expected return over the last 90 days | |
| STEEL EXCHANGE INDIA is unlikely to experience financial distress in the next 2 years | |
| STEEL EXCHANGE generates negative cash flow from operations | |
| About 70.0% of the company outstanding shares are owned by corporate insiders |
STEEL EXCHANGE 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 EXCHANGE'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 EXCHANGE's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 1.2 B | |
| Cash And Short Term Investments | 200.8 M |
STEEL EXCHANGE Technical Analysis
STEEL EXCHANGE'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 EXCHANGE INDIA. In general, you should focus on analyzing STEEL Stock price patterns and their correlations with different microeconomic environments and drivers.
STEEL EXCHANGE Predictive Forecast Models
STEEL EXCHANGE's time-series forecasting models is one of many STEEL EXCHANGE'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 EXCHANGE'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 EXCHANGE INDIA
Checking the ongoing alerts about STEEL EXCHANGE for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for STEEL EXCHANGE INDIA help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| STEEL EXCHANGE INDIA generated a negative expected return over the last 90 days | |
| STEEL EXCHANGE INDIA is unlikely to experience financial distress in the next 2 years | |
| STEEL EXCHANGE generates negative cash flow from operations | |
| About 70.0% of the company outstanding shares are owned by corporate insiders |
Other Information on Investing in STEEL Stock
STEEL EXCHANGE financial ratios help investors to determine whether STEEL 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 STEEL with respect to the benefits of owning STEEL EXCHANGE security.