Ashley Services (Australia) Probability of Future Stock Price Finishing Under 0.16
| ASH Stock | 0.18 0.01 5.26% |
Ashley |
Ashley Services Target Price Odds to finish below 0.16
The tendency of Ashley 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 0.16 or more in 90 days |
| 0.18 | 90 days | 0.16 | near 1 |
Based on a normal probability distribution, the odds of Ashley Services to drop to 0.16 or more in 90 days from now is near 1 (This Ashley Services Group probability density function shows the probability of Ashley Stock to fall within a particular range of prices over 90 days) . Probability of Ashley Services Group price to stay between 0.16 and its current price of 0.18 at the end of the 90-day period is about 19.76 .
Assuming the 90 days trading horizon Ashley Services Group has a beta of -1.16. This suggests as returns on its benchmark rise, returns on holding Ashley Services Group are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Ashley Services is expected to outperform its benchmark. Additionally Ashley Services Group has an alpha of 0.2053, implying that it can generate a 0.21 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Ashley Services Price Density |
| Price |
Predictive Modules for Ashley Services
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Ashley Services Group. 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.Ashley Services Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Ashley Services is not an exception. The market had few large corrections towards the Ashley Services' 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 Ashley Services Group, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Ashley Services within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.21 | |
β | Beta against Dow Jones | -1.16 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | -0.0072 |
Ashley Services 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 Ashley Services for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Ashley Services Group can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Ashley Services had very high historical volatility over the last 90 days | |
| Ashley Services has some characteristics of a very speculative penny stock | |
| Ashley Services is unlikely to experience financial distress in the next 2 years | |
| About 66.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Ashley Services Group Outlines Financial Performance and Plans - TipRanks |
Ashley Services 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 Ashley Stock often depends not only on the future outlook of the current and potential Ashley Services' 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. Ashley Services' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 151.7 M | |
| Cash And Short Term Investments | 158 K |
Ashley Services Technical Analysis
Ashley Services' future price can be derived by breaking down and analyzing its technical indicators over time. Ashley Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Ashley Services Group. In general, you should focus on analyzing Ashley Stock price patterns and their correlations with different microeconomic environments and drivers.
Ashley Services Predictive Forecast Models
Ashley Services' time-series forecasting models is one of many Ashley Services' 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 Ashley Services' 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 Ashley Services Group
Checking the ongoing alerts about Ashley Services for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Ashley Services Group help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Ashley Services had very high historical volatility over the last 90 days | |
| Ashley Services has some characteristics of a very speculative penny stock | |
| Ashley Services is unlikely to experience financial distress in the next 2 years | |
| About 66.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Ashley Services Group Outlines Financial Performance and Plans - TipRanks |
Additional Tools for Ashley Stock Analysis
When running Ashley Services' price analysis, check to measure Ashley Services' 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 Ashley Services is operating at the current time. Most of Ashley Services' value examination focuses on studying past and present price action to predict the probability of Ashley Services' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ashley Services' price. Additionally, you may evaluate how the addition of Ashley Services to your portfolios can decrease your overall portfolio volatility.