Alliance Finance (Sri Lanka) Probability of Future Stock Price Finishing Over 104.0
| ALLIN0000 | 131.75 6.75 5.40% |
Alliance |
Alliance Finance Target Price Odds to finish over 104.0
The tendency of Alliance 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 stay above 104.00 in 90 days |
| 131.75 | 90 days | 104.00 | about 71.28 |
Based on a normal probability distribution, the odds of Alliance Finance to stay above 104.00 in 90 days from now is about 71.28 (This Alliance Finance probability density function shows the probability of Alliance Stock to fall within a particular range of prices over 90 days) . Probability of Alliance Finance price to stay between 104.00 and its current price of 131.75 at the end of the 90-day period is about 70.82 .
Assuming the 90 days trading horizon Alliance Finance has a beta of 0.21. This suggests as returns on the market go up, Alliance Finance average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Alliance Finance will be expected to be much smaller as well. Additionally Alliance Finance has an alpha of 0.4443, implying that it can generate a 0.44 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Alliance Finance Price Density |
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Predictive Modules for Alliance Finance
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Alliance Finance. 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.Alliance Finance Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Alliance Finance is not an exception. The market had few large corrections towards the Alliance Finance'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 Alliance Finance, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Alliance Finance within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.44 | |
β | Beta against Dow Jones | 0.21 | |
σ | Overall volatility | 8.76 | |
Ir | Information ratio | 0.18 |
Alliance Finance Technical Analysis
Alliance Finance's future price can be derived by breaking down and analyzing its technical indicators over time. Alliance Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Alliance Finance. In general, you should focus on analyzing Alliance Stock price patterns and their correlations with different microeconomic environments and drivers.
Alliance Finance Predictive Forecast Models
Alliance Finance's time-series forecasting models is one of many Alliance Finance'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 Alliance Finance'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 Alliance Finance 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, Alliance Finance's short interest history, or implied volatility extrapolated from Alliance Finance options trading.
Other Information on Investing in Alliance Stock
Alliance Finance financial ratios help investors to determine whether Alliance 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 Alliance with respect to the benefits of owning Alliance Finance security.