CAR GROUP (Australia) Probability of Future Stock Price Finishing Under 27.67
| CAR Stock | 39.25 0.97 2.41% |
CAR |
CAR GROUP Target Price Odds to finish below 27.67
The tendency of CAR 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 27.67 or more in 90 days |
| 39.25 | 90 days | 27.67 | near 1 |
Based on a normal probability distribution, the odds of CAR GROUP to drop to 27.67 or more in 90 days from now is near 1 (This CAR GROUP LIMITED probability density function shows the probability of CAR Stock to fall within a particular range of prices over 90 days) . Probability of CAR GROUP LIMITED price to stay between 27.67 and its current price of 39.25 at the end of the 90-day period is about 63.44 .
Assuming the 90 days trading horizon CAR GROUP has a beta of 0.41 suggesting as returns on the market go up, CAR GROUP average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding CAR GROUP LIMITED will be expected to be much smaller as well. Additionally CAR GROUP LIMITED has an alpha of 0.039, implying that it can generate a 0.039 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). CAR GROUP Price Density |
| Price |
Predictive Modules for CAR GROUP
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as CAR GROUP 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.CAR GROUP Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. CAR GROUP is not an exception. The market had few large corrections towards the CAR GROUP'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 CAR GROUP LIMITED, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of CAR GROUP within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.04 | |
β | Beta against Dow Jones | 0.41 | |
σ | Overall volatility | 1.83 | |
Ir | Information ratio | -0.02 |
CAR GROUP 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 CAR GROUP for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for CAR GROUP 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.| CAR GROUP LIMITED is unlikely to experience financial distress in the next 2 years | |
| Latest headline from news.google.com: CAR Group Joins SPASX 50 Index - TipRanks |
CAR GROUP 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 CAR Stock often depends not only on the future outlook of the current and potential CAR GROUP'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. CAR GROUP's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 377.7 M | |
| Cash And Short Term Investments | 308.3 M |
CAR GROUP Technical Analysis
CAR GROUP's future price can be derived by breaking down and analyzing its technical indicators over time. CAR Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of CAR GROUP LIMITED. In general, you should focus on analyzing CAR Stock price patterns and their correlations with different microeconomic environments and drivers.
CAR GROUP Predictive Forecast Models
CAR GROUP's time-series forecasting models is one of many CAR GROUP'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 CAR GROUP'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 CAR GROUP LIMITED
Checking the ongoing alerts about CAR GROUP for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for CAR GROUP LIMITED help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| CAR GROUP LIMITED is unlikely to experience financial distress in the next 2 years | |
| Latest headline from news.google.com: CAR Group Joins SPASX 50 Index - TipRanks |
Additional Tools for CAR Stock Analysis
When running CAR GROUP's price analysis, check to measure CAR GROUP'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 CAR GROUP is operating at the current time. Most of CAR GROUP's value examination focuses on studying past and present price action to predict the probability of CAR GROUP's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CAR GROUP's price. Additionally, you may evaluate how the addition of CAR GROUP to your portfolios can decrease your overall portfolio volatility.