Amana Bank (Sri Lanka) Probability of Future Stock Price Finishing Under 21.6
| ABLN0000 | 23.20 0.20 0.87% |
Amana |
Amana Bank Target Price Odds to finish below 21.6
The tendency of Amana 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 21.60 or more in 90 days |
| 23.20 | 90 days | 21.60 | about 22.85 |
Based on a normal probability distribution, the odds of Amana Bank to drop to 21.60 or more in 90 days from now is about 22.85 (This Amana Bank probability density function shows the probability of Amana Stock to fall within a particular range of prices over 90 days) . Probability of Amana Bank price to stay between 21.60 and its current price of 23.2 at the end of the 90-day period is about 59.76 .
Assuming the 90 days trading horizon Amana Bank has a beta of -0.0207. This suggests as returns on the benchmark increase, returns on holding Amana Bank are expected to decrease at a much lower rate. During a bear market, however, Amana Bank is likely to outperform the market. Additionally Amana Bank has an alpha of 0.1224, implying that it can generate a 0.12 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Amana Bank Price Density |
| Price |
Predictive Modules for Amana Bank
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Amana Bank. 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.Amana Bank Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Amana Bank is not an exception. The market had few large corrections towards the Amana Bank'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 Amana Bank, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Amana Bank within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.12 | |
β | Beta against Dow Jones | -0.02 | |
σ | Overall volatility | 0.95 | |
Ir | Information ratio | -0.0064 |
Amana Bank Technical Analysis
Amana Bank's future price can be derived by breaking down and analyzing its technical indicators over time. Amana Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Amana Bank. In general, you should focus on analyzing Amana Stock price patterns and their correlations with different microeconomic environments and drivers.
Amana Bank Predictive Forecast Models
Amana Bank's time-series forecasting models is one of many Amana Bank'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 Amana Bank'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 Amana Bank 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, Amana Bank's short interest history, or implied volatility extrapolated from Amana Bank options trading.
Other Information on Investing in Amana Stock
Amana Bank financial ratios help investors to determine whether Amana 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 Amana with respect to the benefits of owning Amana Bank security.