Bodal Chemicals (India) Probability of Future Stock Price Finishing Under 53.86
| BODALCHEM | 73.78 1.05 1.44% |
Bodal |
Bodal Chemicals Target Price Odds to finish below 53.86
The tendency of Bodal 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 53.86 or more in 90 days |
| 73.78 | 90 days | 53.86 | near 1 |
Based on a normal probability distribution, the odds of Bodal Chemicals to drop to 53.86 or more in 90 days from now is near 1 (This Bodal Chemicals Limited probability density function shows the probability of Bodal Stock to fall within a particular range of prices over 90 days) . Probability of Bodal Chemicals price to stay between 53.86 and its current price of 73.78 at the end of the 90-day period is about 11.64 .
Assuming the 90 days trading horizon Bodal Chemicals has a beta of 0.68 suggesting as returns on the market go up, Bodal Chemicals average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Bodal Chemicals Limited will be expected to be much smaller as well. Additionally Bodal Chemicals 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. Bodal Chemicals Price Density |
| Price |
Predictive Modules for Bodal Chemicals
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Bodal Chemicals. 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.Bodal Chemicals Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Bodal Chemicals is not an exception. The market had few large corrections towards the Bodal Chemicals' 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 Bodal Chemicals Limited, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Bodal Chemicals within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.25 | |
β | Beta against Dow Jones | 0.68 | |
σ | Overall volatility | 4.31 | |
Ir | Information ratio | -0.13 |
Bodal Chemicals 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 Bodal Chemicals for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Bodal Chemicals can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Bodal Chemicals generated a negative expected return over the last 90 days | |
| Bodal Chemicals is unlikely to experience financial distress in the next 2 years | |
| About 61.0% of the company shares are held by company insiders |
Bodal Chemicals 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 Bodal Stock often depends not only on the future outlook of the current and potential Bodal Chemicals' 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. Bodal Chemicals' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 126.8 M | |
| Cash And Short Term Investments | 462.5 M |
Bodal Chemicals Technical Analysis
Bodal Chemicals' future price can be derived by breaking down and analyzing its technical indicators over time. Bodal Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Bodal Chemicals Limited. In general, you should focus on analyzing Bodal Stock price patterns and their correlations with different microeconomic environments and drivers.
Bodal Chemicals Predictive Forecast Models
Bodal Chemicals' time-series forecasting models is one of many Bodal Chemicals' 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 Bodal Chemicals' 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 Bodal Chemicals
Checking the ongoing alerts about Bodal Chemicals for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Bodal Chemicals help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Bodal Chemicals generated a negative expected return over the last 90 days | |
| Bodal Chemicals is unlikely to experience financial distress in the next 2 years | |
| About 61.0% of the company shares are held by company insiders |
Other Information on Investing in Bodal Stock
Bodal Chemicals financial ratios help investors to determine whether Bodal 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 Bodal with respect to the benefits of owning Bodal Chemicals security.