EAST AFRICAN (Tanzania) Probability of Future Stock Price Finishing Over 3380.0
| EABL Stock | 3,530 10.00 0.28% |
EAST |
EAST AFRICAN Target Price Odds to finish over 3380.0
The tendency of EAST 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 3,380 in 90 days |
| 3,530 | 90 days | 3,380 | about 70.25 |
Based on a normal probability distribution, the odds of EAST AFRICAN to stay above 3,380 in 90 days from now is about 70.25 (This EAST AFRICAN BREWERIES probability density function shows the probability of EAST Stock to fall within a particular range of prices over 90 days) . Probability of EAST AFRICAN BREWERIES price to stay between 3,380 and its current price of 3530.0 at the end of the 90-day period is about 22.71 .
Assuming the 90 days trading horizon EAST AFRICAN BREWERIES has a beta of -0.58 suggesting as returns on the benchmark increase, returns on holding EAST AFRICAN are expected to decrease at a much lower rate. During a bear market, however, EAST AFRICAN BREWERIES is likely to outperform the market. Additionally EAST AFRICAN BREWERIES has an alpha of 0.1065, implying that it can generate a 0.11 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). EAST AFRICAN Price Density |
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Predictive Modules for EAST AFRICAN
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as EAST AFRICAN BREWERIES. 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.EAST AFRICAN Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. EAST AFRICAN is not an exception. The market had few large corrections towards the EAST AFRICAN'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 EAST AFRICAN BREWERIES, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of EAST AFRICAN within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.11 | |
β | Beta against Dow Jones | -0.58 | |
σ | Overall volatility | 252.78 | |
Ir | Information ratio | 0.02 |
EAST AFRICAN 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 EAST AFRICAN for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for EAST AFRICAN BREWERIES can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| EAST AFRICAN generated a negative expected return over the last 90 days |
EAST AFRICAN Technical Analysis
EAST AFRICAN's future price can be derived by breaking down and analyzing its technical indicators over time. EAST Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of EAST AFRICAN BREWERIES. In general, you should focus on analyzing EAST Stock price patterns and their correlations with different microeconomic environments and drivers.
EAST AFRICAN Predictive Forecast Models
EAST AFRICAN's time-series forecasting models is one of many EAST AFRICAN'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 EAST AFRICAN'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 EAST AFRICAN BREWERIES
Checking the ongoing alerts about EAST AFRICAN for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for EAST AFRICAN BREWERIES help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| EAST AFRICAN generated a negative expected return over the last 90 days |
Additional Tools for EAST Stock Analysis
When running EAST AFRICAN's price analysis, check to measure EAST AFRICAN'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 EAST AFRICAN is operating at the current time. Most of EAST AFRICAN's value examination focuses on studying past and present price action to predict the probability of EAST AFRICAN's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EAST AFRICAN's price. Additionally, you may evaluate how the addition of EAST AFRICAN to your portfolios can decrease your overall portfolio volatility.