Cartrade Tech (India) Probability of Future Stock Price Finishing Over 1281.15
| CARTRADE | 1,356 26.10 1.96% |
Cartrade |
Cartrade Tech Target Price Odds to finish over 1281.15
The tendency of Cartrade 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 stay above 1,281 in 90 days |
| 1,356 | 90 days | 1,281 | nearly 4.75 |
Based on a normal probability distribution, the odds of Cartrade Tech to stay above 1,281 in 90 days from now is nearly 4.75 (This Cartrade Tech Limited probability density function shows the probability of Cartrade Stock to fall within a particular range of prices over 90 days) . Probability of Cartrade Tech Limited price to stay between 1,281 and its current price of 1355.6 at the end of the 90-day period is under 4.
Assuming the 90 days trading horizon the stock has the beta coefficient of 1.06 suggesting Cartrade Tech Limited market returns are highly-sensitive to returns on the market. As the market goes up or down, Cartrade Tech is expected to follow. Additionally Cartrade Tech Limited has an alpha of 0.5758, implying that it can generate a 0.58 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Cartrade Tech Price Density |
| Price |
Predictive Modules for Cartrade Tech
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Cartrade Tech 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.Cartrade Tech Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Cartrade Tech is not an exception. The market had few large corrections towards the Cartrade Tech'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 Cartrade Tech Limited, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Cartrade Tech within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.58 | |
β | Beta against Dow Jones | 1.06 | |
σ | Overall volatility | 144.21 | |
Ir | Information ratio | 0.18 |
Cartrade Tech 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 Cartrade Tech for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Cartrade Tech 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.| Cartrade Tech appears to be risky and price may revert if volatility continues | |
| Cartrade Tech is unlikely to experience financial distress in the next 2 years | |
| About 60.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from news.google.com: CarTrade Tech shares hit 52-week high after strong festive sales in October - CNBCTV18 |
Cartrade Tech 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 Cartrade Stock often depends not only on the future outlook of the current and potential Cartrade Tech'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. Cartrade Tech's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 51 M | |
| Cash And Short Term Investments | 6.7 B |
Cartrade Tech Technical Analysis
Cartrade Tech's future price can be derived by breaking down and analyzing its technical indicators over time. Cartrade Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Cartrade Tech Limited. In general, you should focus on analyzing Cartrade Stock price patterns and their correlations with different microeconomic environments and drivers.
Cartrade Tech Predictive Forecast Models
Cartrade Tech's time-series forecasting models is one of many Cartrade Tech'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 Cartrade Tech'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 Cartrade Tech Limited
Checking the ongoing alerts about Cartrade Tech for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Cartrade Tech Limited help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Cartrade Tech appears to be risky and price may revert if volatility continues | |
| Cartrade Tech is unlikely to experience financial distress in the next 2 years | |
| About 60.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from news.google.com: CarTrade Tech shares hit 52-week high after strong festive sales in October - CNBCTV18 |
Other Information on Investing in Cartrade Stock
Cartrade Tech financial ratios help investors to determine whether Cartrade 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 Cartrade with respect to the benefits of owning Cartrade Tech security.