Bolan Casting (Pakistan) Probability of Future Stock Price Finishing Under 85.30
| BCL Stock | 103.49 9.41 10.00% |
Bolan |
Bolan Casting Target Price Odds to finish below 85.30
The tendency of Bolan 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 85.30 or more in 90 days |
| 103.49 | 90 days | 85.30 | about 10.31 |
Based on a normal probability distribution, the odds of Bolan Casting to drop to 85.30 or more in 90 days from now is about 10.31 (This Bolan Casting probability density function shows the probability of Bolan Stock to fall within a particular range of prices over 90 days) . Probability of Bolan Casting price to stay between 85.30 and its current price of 103.49 at the end of the 90-day period is about 89.22 .
Assuming the 90 days trading horizon Bolan Casting has a beta of -0.29 suggesting as returns on the benchmark increase, returns on holding Bolan Casting are expected to decrease at a much lower rate. During a bear market, however, Bolan Casting is likely to outperform the market. Additionally Bolan Casting has an alpha of 0.2904, implying that it can generate a 0.29 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Bolan Casting Price Density |
| Price |
Predictive Modules for Bolan Casting
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Bolan Casting. 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.Bolan Casting Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Bolan Casting is not an exception. The market had few large corrections towards the Bolan Casting'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 Bolan Casting, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Bolan Casting within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.29 | |
β | Beta against Dow Jones | -0.29 | |
σ | Overall volatility | 4.61 | |
Ir | Information ratio | 0.04 |
Bolan Casting 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 Bolan Casting for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Bolan Casting can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Bolan Casting had very high historical volatility over the last 90 days |
Bolan Casting Technical Analysis
Bolan Casting's future price can be derived by breaking down and analyzing its technical indicators over time. Bolan Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Bolan Casting. In general, you should focus on analyzing Bolan Stock price patterns and their correlations with different microeconomic environments and drivers.
Bolan Casting Predictive Forecast Models
Bolan Casting's time-series forecasting models is one of many Bolan Casting'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 Bolan Casting'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 Bolan Casting
Checking the ongoing alerts about Bolan Casting for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Bolan Casting help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Bolan Casting had very high historical volatility over the last 90 days |
Additional Tools for Bolan Stock Analysis
When running Bolan Casting's price analysis, check to measure Bolan Casting's 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 Bolan Casting is operating at the current time. Most of Bolan Casting's value examination focuses on studying past and present price action to predict the probability of Bolan Casting's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bolan Casting's price. Additionally, you may evaluate how the addition of Bolan Casting to your portfolios can decrease your overall portfolio volatility.