Ashtead Group (Germany) Probability of Future Stock Price Finishing Over 75.0
| 0LC Stock | EUR 75.00 0.50 0.66% |
Ashtead |
Ashtead Group Target Price Odds to finish over 75.0
The tendency of Ashtead 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 above the current price in 90 days |
| 75.00 | 90 days | 75.00 | about 6.84 |
Based on a normal probability distribution, the odds of Ashtead Group to move above the current price in 90 days from now is about 6.84 (This Ashtead Group plc probability density function shows the probability of Ashtead Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days horizon Ashtead Group has a beta of 0.35. This suggests as returns on the market go up, Ashtead Group average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Ashtead Group plc will be expected to be much smaller as well. Additionally Ashtead Group plc has an alpha of 0.2624, implying that it can generate a 0.26 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Ashtead Group Price Density |
| Price |
Predictive Modules for Ashtead Group
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Ashtead Group plc. 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.Ashtead Group Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Ashtead Group is not an exception. The market had few large corrections towards the Ashtead Group'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 Ashtead Group plc, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Ashtead Group within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.26 | |
β | Beta against Dow Jones | 0.35 | |
σ | Overall volatility | 4.53 | |
Ir | Information ratio | 0.12 |
Ashtead Group 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 Ashtead Group for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Ashtead Group plc can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Ashtead Group plc has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| About 57.0% of the company shares are owned by institutions such as pension funds |
Ashtead Group 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 Ashtead Stock often depends not only on the future outlook of the current and potential Ashtead Group'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. Ashtead Group's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 443.7 M |
Ashtead Group Technical Analysis
Ashtead Group's future price can be derived by breaking down and analyzing its technical indicators over time. Ashtead Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Ashtead Group plc. In general, you should focus on analyzing Ashtead Stock price patterns and their correlations with different microeconomic environments and drivers.
Ashtead Group Predictive Forecast Models
Ashtead Group's time-series forecasting models is one of many Ashtead Group'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 Ashtead Group'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 Ashtead Group plc
Checking the ongoing alerts about Ashtead Group for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Ashtead Group plc help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Ashtead Group plc has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| About 57.0% of the company shares are owned by institutions such as pension funds |
Other Information on Investing in Ashtead Stock
Ashtead Group financial ratios help investors to determine whether Ashtead 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 Ashtead with respect to the benefits of owning Ashtead Group security.