HomeChoice Investments (South Africa) Probability of Future Stock Price Finishing Over 3256.51
| HIL Stock | 3,000 150.00 5.26% |
HomeChoice |
HomeChoice Investments Target Price Odds to finish over 3256.51
The tendency of HomeChoice 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 3,257 or more in 90 days |
| 3,000 | 90 days | 3,257 | more than 94.0 |
Based on a normal probability distribution, the odds of HomeChoice Investments to move over 3,257 or more in 90 days from now is more than 94.0 (This HomeChoice Investments probability density function shows the probability of HomeChoice Stock to fall within a particular range of prices over 90 days) . Probability of HomeChoice Investments price to stay between its current price of 3,000 and 3,257 at the end of the 90-day period is about 5.72 .
Assuming the 90 days trading horizon HomeChoice Investments has a beta of -0.13. This usually indicates as returns on the benchmark increase, returns on holding HomeChoice Investments are expected to decrease at a much lower rate. During a bear market, however, HomeChoice Investments is likely to outperform the market. Additionally HomeChoice Investments 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. HomeChoice Investments Price Density |
| Price |
Predictive Modules for HomeChoice Investments
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as HomeChoice Investments. 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.HomeChoice Investments Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. HomeChoice Investments is not an exception. The market had few large corrections towards the HomeChoice Investments' 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 HomeChoice Investments, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of HomeChoice Investments within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.04 | |
β | Beta against Dow Jones | -0.13 | |
σ | Overall volatility | 262.99 | |
Ir | Information ratio | -0.05 |
HomeChoice Investments 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 HomeChoice Investments for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for HomeChoice Investments can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| HomeChoice Investments generated a negative expected return over the last 90 days | |
| HomeChoice Investments has high historical volatility and very poor performance | |
| HomeChoice Investments generates negative cash flow from operations | |
| About 91.0% of the company shares are held by company insiders |
HomeChoice Investments 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 HomeChoice Stock often depends not only on the future outlook of the current and potential HomeChoice Investments' 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. HomeChoice Investments' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 105.3 M | |
| Cash And Short Term Investments | 138 M |
HomeChoice Investments Technical Analysis
HomeChoice Investments' future price can be derived by breaking down and analyzing its technical indicators over time. HomeChoice Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of HomeChoice Investments. In general, you should focus on analyzing HomeChoice Stock price patterns and their correlations with different microeconomic environments and drivers.
HomeChoice Investments Predictive Forecast Models
HomeChoice Investments' time-series forecasting models is one of many HomeChoice Investments' 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 HomeChoice Investments' 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 HomeChoice Investments
Checking the ongoing alerts about HomeChoice Investments for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for HomeChoice Investments help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| HomeChoice Investments generated a negative expected return over the last 90 days | |
| HomeChoice Investments has high historical volatility and very poor performance | |
| HomeChoice Investments generates negative cash flow from operations | |
| About 91.0% of the company shares are held by company insiders |
Other Information on Investing in HomeChoice Stock
HomeChoice Investments financial ratios help investors to determine whether HomeChoice 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 HomeChoice with respect to the benefits of owning HomeChoice Investments security.