Hi-Tech Gears (India) Probability of Future Stock Price Finishing Under 251.96
| HITECHGEAR | 620.60 24.10 3.74% |
Hi-Tech |
Hi-Tech Gears Target Price Odds to finish below 251.96
The tendency of Hi-Tech 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 251.96 or more in 90 days |
| 620.60 | 90 days | 251.96 | near 1 |
Based on a normal probability distribution, the odds of Hi-Tech Gears to drop to 251.96 or more in 90 days from now is near 1 (This The Hi Tech Gears probability density function shows the probability of Hi-Tech Stock to fall within a particular range of prices over 90 days) . Probability of Hi-Tech Gears price to stay between 251.96 and its current price of 620.6 at the end of the 90-day period is roughly 2.23 .
Assuming the 90 days trading horizon Hi-Tech Gears has a beta of 0.0915. This usually indicates as returns on the market go up, Hi-Tech Gears average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding The Hi Tech Gears will be expected to be much smaller as well. Additionally The Hi Tech Gears 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. Hi-Tech Gears Price Density |
| Price |
Predictive Modules for Hi-Tech Gears
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Hi-Tech Gears. 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 Hi-Tech Gears' 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.
Hi-Tech Gears Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Hi-Tech Gears is not an exception. The market had few large corrections towards the Hi-Tech Gears' 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 The Hi Tech Gears, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Hi-Tech Gears within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.37 | |
β | Beta against Dow Jones | 0.09 | |
σ | Overall volatility | 76.25 | |
Ir | Information ratio | -0.16 |
Hi-Tech Gears 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 Hi-Tech Gears for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Hi-Tech Gears can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Hi-Tech Gears generated a negative expected return over the last 90 days | |
| Hi-Tech Gears is unlikely to experience financial distress in the next 2 years | |
| About 75.0% of the company shares are held by company insiders |
Hi-Tech Gears 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 Hi-Tech Stock often depends not only on the future outlook of the current and potential Hi-Tech Gears' 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. Hi-Tech Gears' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 18.8 M | |
| Cash And Short Term Investments | 530.2 M |
Hi-Tech Gears Technical Analysis
Hi-Tech Gears' future price can be derived by breaking down and analyzing its technical indicators over time. Hi-Tech Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of The Hi Tech Gears. In general, you should focus on analyzing Hi-Tech Stock price patterns and their correlations with different microeconomic environments and drivers.
Hi-Tech Gears Predictive Forecast Models
Hi-Tech Gears' time-series forecasting models is one of many Hi-Tech Gears' 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 Hi-Tech Gears' 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 Hi-Tech Gears
Checking the ongoing alerts about Hi-Tech Gears for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Hi-Tech Gears help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Hi-Tech Gears generated a negative expected return over the last 90 days | |
| Hi-Tech Gears is unlikely to experience financial distress in the next 2 years | |
| About 75.0% of the company shares are held by company insiders |
Other Information on Investing in Hi-Tech Stock
Hi-Tech Gears financial ratios help investors to determine whether Hi-Tech 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 Hi-Tech with respect to the benefits of owning Hi-Tech Gears security.