ACL Plastics (Sri Lanka) Probability of Future Stock Price Finishing Under 430.73
| APLAN0000 | 481.50 9.50 2.01% |
ACL |
ACL Plastics Target Price Odds to finish below 430.73
The tendency of ACL 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 430.73 or more in 90 days |
| 481.50 | 90 days | 430.73 | about 54.64 |
Based on a normal probability distribution, the odds of ACL Plastics to drop to 430.73 or more in 90 days from now is about 54.64 (This ACL Plastics PLC probability density function shows the probability of ACL Stock to fall within a particular range of prices over 90 days) . Probability of ACL Plastics PLC price to stay between 430.73 and its current price of 481.5 at the end of the 90-day period is about 43.93 .
Assuming the 90 days trading horizon ACL Plastics PLC has a beta of -0.0566. This suggests as returns on the benchmark increase, returns on holding ACL Plastics are expected to decrease at a much lower rate. During a bear market, however, ACL Plastics PLC is likely to outperform the market. Additionally ACL Plastics PLC has an alpha of 0.2187, implying that it can generate a 0.22 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). ACL Plastics Price Density |
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Predictive Modules for ACL Plastics
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ACL Plastics PLC. 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.ACL Plastics Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. ACL Plastics is not an exception. The market had few large corrections towards the ACL Plastics' 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 ACL Plastics PLC, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of ACL Plastics within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.22 | |
β | Beta against Dow Jones | -0.06 | |
σ | Overall volatility | 23.79 | |
Ir | Information ratio | 0.07 |
ACL Plastics Technical Analysis
ACL Plastics' future price can be derived by breaking down and analyzing its technical indicators over time. ACL Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of ACL Plastics PLC. In general, you should focus on analyzing ACL Stock price patterns and their correlations with different microeconomic environments and drivers.
ACL Plastics Predictive Forecast Models
ACL Plastics' time-series forecasting models is one of many ACL Plastics' 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 ACL Plastics' 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 ACL Plastics 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, ACL Plastics' short interest history, or implied volatility extrapolated from ACL Plastics options trading.
Other Information on Investing in ACL Stock
ACL Plastics financial ratios help investors to determine whether ACL 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 ACL with respect to the benefits of owning ACL Plastics security.