United Insurance (Pakistan) Probability of Future Stock Price Finishing Under 15.93
| UNIC Stock | 16.27 0.11 0.68% |
United |
United Insurance Target Price Odds to finish below 15.93
The tendency of United 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 15.93 or more in 90 days |
| 16.27 | 90 days | 15.93 | about 67.62 |
Based on a normal probability distribution, the odds of United Insurance to drop to 15.93 or more in 90 days from now is about 67.62 (This United Insurance probability density function shows the probability of United Stock to fall within a particular range of prices over 90 days) . Probability of United Insurance price to stay between 15.93 and its current price of 16.27 at the end of the 90-day period is about 15.2 .
Assuming the 90 days trading horizon United Insurance has a beta of 0.21. This usually implies as returns on the market go up, United Insurance average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding United Insurance will be expected to be much smaller as well. Additionally United Insurance has an alpha of 0.1754, implying that it can generate a 0.18 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). United Insurance Price Density |
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Predictive Modules for United Insurance
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as United Insurance. 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.United Insurance Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. United Insurance is not an exception. The market had few large corrections towards the United Insurance'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 United Insurance, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of United Insurance within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.18 | |
β | Beta against Dow Jones | 0.21 | |
σ | Overall volatility | 0.69 | |
Ir | Information ratio | 0.05 |
United Insurance Technical Analysis
United Insurance's future price can be derived by breaking down and analyzing its technical indicators over time. United Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of United Insurance. In general, you should focus on analyzing United Stock price patterns and their correlations with different microeconomic environments and drivers.
United Insurance Predictive Forecast Models
United Insurance's time-series forecasting models is one of many United Insurance'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 United Insurance'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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards United Insurance in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, United Insurance's short interest history, or implied volatility extrapolated from United Insurance options trading.
Other Information on Investing in United Stock
United Insurance financial ratios help investors to determine whether United 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 United with respect to the benefits of owning United Insurance security.