Bajaj Finance (India) Probability of Future Stock Price Finishing Under 6,616
| BAJFINANCE | 6,618 67.45 1.01% |
Bajaj |
Bajaj Finance Target Price Odds to finish below 6,616
The tendency of Bajaj 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 move below current price in 90 days |
| 6,618 | 90 days | 6,618 | about 8.12 |
Based on a normal probability distribution, the odds of Bajaj Finance to move below current price in 90 days from now is about 8.12 (This Bajaj Finance Limited probability density function shows the probability of Bajaj Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon Bajaj Finance has a beta of 0.0438 suggesting as returns on the market go up, Bajaj Finance average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Bajaj Finance Limited will be expected to be much smaller as well. Additionally Bajaj Finance Limited 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. Bajaj Finance Price Density |
| Price |
Predictive Modules for Bajaj 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 Bajaj Finance Limited. 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.Bajaj Finance Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Bajaj Finance is not an exception. The market had few large corrections towards the Bajaj 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 Bajaj Finance Limited, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Bajaj Finance within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.02 | |
β | Beta against Dow Jones | 0.04 | |
σ | Overall volatility | 350.30 | |
Ir | Information ratio | -0.08 |
Bajaj Finance 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 Bajaj Finance for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Bajaj Finance Limited can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Bajaj Finance generated a negative expected return over the last 90 days | |
| Bajaj Finance is unlikely to experience financial distress in the next 2 years | |
| Bajaj Finance Limited has accumulated about 43.05 B in cash with (727.6 B) of positive cash flow from operations. | |
| Roughly 55.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Share Market Highlights 22nd November 2024 Sensex closes higher by 1961.32 pts at 79,117.11, Nifty at 23,874.40 Top Gainers SBI, Bajaj Finance - BusinessLine |
Bajaj Finance 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 Bajaj Stock often depends not only on the future outlook of the current and potential Bajaj Finance'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. Bajaj Finance's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 612.4 M | |
| Cash And Short Term Investments | 106.2 B |
Bajaj Finance Technical Analysis
Bajaj Finance's future price can be derived by breaking down and analyzing its technical indicators over time. Bajaj Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Bajaj Finance Limited. In general, you should focus on analyzing Bajaj Stock price patterns and their correlations with different microeconomic environments and drivers.
Bajaj Finance Predictive Forecast Models
Bajaj Finance's time-series forecasting models is one of many Bajaj 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 Bajaj 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.
Things to note about Bajaj Finance Limited
Checking the ongoing alerts about Bajaj Finance for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Bajaj Finance Limited help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Bajaj Finance generated a negative expected return over the last 90 days | |
| Bajaj Finance is unlikely to experience financial distress in the next 2 years | |
| Bajaj Finance Limited has accumulated about 43.05 B in cash with (727.6 B) of positive cash flow from operations. | |
| Roughly 55.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Share Market Highlights 22nd November 2024 Sensex closes higher by 1961.32 pts at 79,117.11, Nifty at 23,874.40 Top Gainers SBI, Bajaj Finance - BusinessLine |
Other Information on Investing in Bajaj Stock
Bajaj Finance financial ratios help investors to determine whether Bajaj 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 Bajaj with respect to the benefits of owning Bajaj Finance security.