Ankit Metal (India) Probability of Future Stock Price Finishing Under 3.59
| ANKITMETAL | 3.40 0.10 2.86% |
Ankit |
Ankit Metal Target Price Odds to finish below 3.59
The tendency of Ankit 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 under 3.59 after 90 days |
| 3.40 | 90 days | 3.59 | about 39.94 |
Based on a normal probability distribution, the odds of Ankit Metal to stay under 3.59 after 90 days from now is about 39.94 (This Ankit Metal Power probability density function shows the probability of Ankit Stock to fall within a particular range of prices over 90 days) . Probability of Ankit Metal Power price to stay between its current price of 3.40 and 3.59 at the end of the 90-day period is about 25.25 .
Assuming the 90 days trading horizon Ankit Metal has a beta of 0.42. This suggests as returns on the market go up, Ankit Metal average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Ankit Metal Power will be expected to be much smaller as well. Additionally Ankit Metal Power 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. Ankit Metal Price Density |
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Predictive Modules for Ankit Metal
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Ankit Metal Power. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ankit Metal's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Ankit Metal Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Ankit Metal is not an exception. The market had few large corrections towards the Ankit Metal'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 Ankit Metal Power, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Ankit Metal within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.3 | |
β | Beta against Dow Jones | 0.42 | |
σ | Overall volatility | 0.24 | |
Ir | Information ratio | -0.12 |
Ankit Metal 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 Ankit Metal for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Ankit Metal Power can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Ankit Metal Power generated a negative expected return over the last 90 days | |
| Ankit Metal Power has a very high chance of going through financial distress in the upcoming years | |
| The company reported the revenue of 7.58 B. Net Loss for the year was (987.47 M) with profit before overhead, payroll, taxes, and interest of 1.39 B. | |
| About 71.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Stock market update Nifty Pharma index falls 1.07 percent in a weak market - MSN |
Ankit Metal 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 Ankit Stock often depends not only on the future outlook of the current and potential Ankit Metal'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. Ankit Metal's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 141.1 M | |
| Cash And Short Term Investments | 10.9 M |
Ankit Metal Technical Analysis
Ankit Metal's future price can be derived by breaking down and analyzing its technical indicators over time. Ankit Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Ankit Metal Power. In general, you should focus on analyzing Ankit Stock price patterns and their correlations with different microeconomic environments and drivers.
Ankit Metal Predictive Forecast Models
Ankit Metal's time-series forecasting models is one of many Ankit Metal'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 Ankit Metal'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 Ankit Metal Power
Checking the ongoing alerts about Ankit Metal for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Ankit Metal Power help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Ankit Metal Power generated a negative expected return over the last 90 days | |
| Ankit Metal Power has a very high chance of going through financial distress in the upcoming years | |
| The company reported the revenue of 7.58 B. Net Loss for the year was (987.47 M) with profit before overhead, payroll, taxes, and interest of 1.39 B. | |
| About 71.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Stock market update Nifty Pharma index falls 1.07 percent in a weak market - MSN |
Other Information on Investing in Ankit Stock
Ankit Metal financial ratios help investors to determine whether Ankit 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 Ankit with respect to the benefits of owning Ankit Metal security.