Aban Offshore (India) Probability of Future Stock Price Finishing Under 56.24
| ABAN Stock | 62.67 0.53 0.85% |
Aban |
Aban Offshore Target Price Odds to finish below 56.24
The tendency of Aban 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 56.24 or more in 90 days |
| 62.67 | 90 days | 56.24 | about 1.39 |
Based on a normal probability distribution, the odds of Aban Offshore to drop to 56.24 or more in 90 days from now is about 1.39 (This Aban Offshore Limited probability density function shows the probability of Aban Stock to fall within a particular range of prices over 90 days) . Probability of Aban Offshore Limited price to stay between 56.24 and its current price of 62.67 at the end of the 90-day period is about 8.42 .
Assuming the 90 days trading horizon Aban Offshore Limited has a beta of -0.7. This suggests as returns on the benchmark increase, returns on holding Aban Offshore are expected to decrease at a much lower rate. During a bear market, however, Aban Offshore Limited is likely to outperform the market. Additionally Aban Offshore Limited 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. Aban Offshore Price Density |
| Price |
Predictive Modules for Aban Offshore
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Aban Offshore Limited. 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.Aban Offshore Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Aban Offshore is not an exception. The market had few large corrections towards the Aban Offshore'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 Aban Offshore Limited, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Aban Offshore within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.39 | |
β | Beta against Dow Jones | -0.7 | |
σ | Overall volatility | 7.11 | |
Ir | Information ratio | -0.23 |
Aban Offshore 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 Aban Offshore for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Aban Offshore Limited can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Aban Offshore generated a negative expected return over the last 90 days | |
| The company reported the revenue of 4 B. Net Loss for the year was (13.18 B) with profit before overhead, payroll, taxes, and interest of 3.39 B. | |
| Aban Offshore Limited has accumulated about 0 in cash with (723.44 M) of positive cash flow from operations. | |
| Roughly 48.0% of the company shares are held by company insiders |
Aban Offshore 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 Aban Stock often depends not only on the future outlook of the current and potential Aban Offshore'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. Aban Offshore's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 58.4 M | |
| Cash And Short Term Investments | 435.1 M |
Aban Offshore Technical Analysis
Aban Offshore's future price can be derived by breaking down and analyzing its technical indicators over time. Aban Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Aban Offshore Limited. In general, you should focus on analyzing Aban Stock price patterns and their correlations with different microeconomic environments and drivers.
Aban Offshore Predictive Forecast Models
Aban Offshore's time-series forecasting models is one of many Aban Offshore'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 Aban Offshore'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 Aban Offshore Limited
Checking the ongoing alerts about Aban Offshore for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Aban Offshore Limited help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Aban Offshore generated a negative expected return over the last 90 days | |
| The company reported the revenue of 4 B. Net Loss for the year was (13.18 B) with profit before overhead, payroll, taxes, and interest of 3.39 B. | |
| Aban Offshore Limited has accumulated about 0 in cash with (723.44 M) of positive cash flow from operations. | |
| Roughly 48.0% of the company shares are held by company insiders |
Additional Tools for Aban Stock Analysis
When running Aban Offshore's price analysis, check to measure Aban Offshore's 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 Aban Offshore is operating at the current time. Most of Aban Offshore's value examination focuses on studying past and present price action to predict the probability of Aban Offshore's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aban Offshore's price. Additionally, you may evaluate how the addition of Aban Offshore to your portfolios can decrease your overall portfolio volatility.