Garuda Construction (India) Probability of Future Stock Price Finishing Over 116.49
| GARUDA Stock | 93.19 15.53 20.00% |
Garuda |
Garuda Construction Target Price Odds to finish over 116.49
The tendency of Garuda 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 move over 116.49 or more in 90 days |
| 93.19 | 90 days | 116.49 | near 1 |
Based on a normal probability distribution, the odds of Garuda Construction to move over 116.49 or more in 90 days from now is near 1 (This Garuda Construction Engineering probability density function shows the probability of Garuda Stock to fall within a particular range of prices over 90 days) . Probability of Garuda Construction price to stay between its current price of 93.19 and 116.49 at the end of the 90-day period is about 35.26 .
Assuming the 90 days trading horizon Garuda Construction Engineering has a beta of -0.5. This usually indicates as returns on the benchmark increase, returns on holding Garuda Construction are expected to decrease at a much lower rate. During a bear market, however, Garuda Construction Engineering is likely to outperform the market. Additionally Garuda Construction Engineering 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. Garuda Construction Price Density |
| Price |
Predictive Modules for Garuda Construction
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Garuda Construction. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Garuda Construction's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Garuda Construction Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Garuda Construction is not an exception. The market had few large corrections towards the Garuda Construction'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 Garuda Construction Engineering, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Garuda Construction within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.31 | |
β | Beta against Dow Jones | -0.5 | |
σ | Overall volatility | 7.52 | |
Ir | Information ratio | -0.11 |
Garuda Construction 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 Garuda Construction for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Garuda Construction can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Garuda Construction generated a negative expected return over the last 90 days | |
| Garuda Construction has high historical volatility and very poor performance | |
| Latest headline from news.google.com: Garuda Construction And Engineer Share Price Today on 05-11-2024 Garuda Construction And Engineer share price are down by -2.56, Nifty up by 0.91 percent - Mint |
Garuda Construction Technical Analysis
Garuda Construction's future price can be derived by breaking down and analyzing its technical indicators over time. Garuda Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Garuda Construction Engineering. In general, you should focus on analyzing Garuda Stock price patterns and their correlations with different microeconomic environments and drivers.
Garuda Construction Predictive Forecast Models
Garuda Construction's time-series forecasting models is one of many Garuda Construction'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 Garuda Construction'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 Garuda Construction
Checking the ongoing alerts about Garuda Construction for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Garuda Construction help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Garuda Construction generated a negative expected return over the last 90 days | |
| Garuda Construction has high historical volatility and very poor performance | |
| Latest headline from news.google.com: Garuda Construction And Engineer Share Price Today on 05-11-2024 Garuda Construction And Engineer share price are down by -2.56, Nifty up by 0.91 percent - Mint |
Other Information on Investing in Garuda Stock
Garuda Construction financial ratios help investors to determine whether Garuda 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 Garuda with respect to the benefits of owning Garuda Construction security.