63 Moons (India) Odds of Future Stock Price Finishing Under 394.02
| 63MOONS Stock | 663.05 31.55 5.00% |
63MOONS |
63 Moons Target Price Odds to finish below 394.02
The tendency of 63MOONS 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 394.02 or more in 90 days |
| 663.05 | 90 days | 394.02 | about 19.33 |
Based on a normal probability distribution, the odds of 63 Moons to drop to 394.02 or more in 90 days from now is about 19.33 (This 63 moons technologies probability density function shows the probability of 63MOONS Stock to fall within a particular range of prices over 90 days) . Probability of 63 moons technologies price to stay between 394.02 and its current price of 663.05 at the end of the 90-day period is about 78.68 .
Assuming the 90 days trading horizon 63 moons technologies has a beta of -0.62. This suggests as returns on the benchmark increase, returns on holding 63 Moons are expected to decrease at a much lower rate. During a bear market, however, 63 moons technologies is likely to outperform the market. Moreover 63 moons technologies has an alpha of 1.1951, implying that it can generate a 1.2 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). 63 Moons Price Density |
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Predictive Modules for 63 Moons
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as 63 moons technologies. 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.63 Moons Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. 63 Moons is not an exception. The market had few large corrections towards the 63 Moons' 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 63 moons technologies, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of 63 Moons within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 1.20 | |
β | Beta against Dow Jones | -0.62 | |
σ | Overall volatility | 91.72 | |
Ir | Information ratio | 0.24 |
63 Moons 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 63 Moons for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for 63 moons technologies can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| 63 Moons appears to be risky and price may revert if volatility continues | |
| 63 Moons is unlikely to experience financial distress in the next 2 years | |
| About 58.0% of the company shares are owned by insiders or employees | |
| Latest headline from news.google.com: 63 Moons Technologies reports consolidated net loss of Rs 18.90 crore in the September 2024 quarter - Business Standard |
63 Moons 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 63MOONS Stock often depends not only on the future outlook of the current and potential 63 Moons' 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. 63 Moons' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 46.1 M | |
| Cash And Short Term Investments | 14.2 B |
63 Moons Technical Analysis
63 Moons' future price can be derived by breaking down and analyzing its technical indicators over time. 63MOONS Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of 63 moons technologies. In general, you should focus on analyzing 63MOONS Stock price patterns and their correlations with different microeconomic environments and drivers.
63 Moons Predictive Forecast Models
63 Moons' time-series forecasting models is one of many 63 Moons' 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 63 Moons' 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 63 moons technologies
Checking the ongoing alerts about 63 Moons for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for 63 moons technologies help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| 63 Moons appears to be risky and price may revert if volatility continues | |
| 63 Moons is unlikely to experience financial distress in the next 2 years | |
| About 58.0% of the company shares are owned by insiders or employees | |
| Latest headline from news.google.com: 63 Moons Technologies reports consolidated net loss of Rs 18.90 crore in the September 2024 quarter - Business Standard |
Additional Tools for 63MOONS Stock Analysis
When running 63 Moons' price analysis, check to measure 63 Moons' 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 63 Moons is operating at the current time. Most of 63 Moons' value examination focuses on studying past and present price action to predict the probability of 63 Moons' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 63 Moons' price. Additionally, you may evaluate how the addition of 63 Moons to your portfolios can decrease your overall portfolio volatility.