ITTEFAQ Iron (Pakistan) Probability of Future Stock Price Finishing Over 7.78
| ITTEFAQ Stock | 6.56 0.05 0.77% |
ITTEFAQ |
ITTEFAQ Iron Target Price Odds to finish over 7.78
The tendency of ITTEFAQ 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 7.78 or more in 90 days |
| 6.56 | 90 days | 7.78 | near 1 |
Based on a normal probability distribution, the odds of ITTEFAQ Iron to move over 7.78 or more in 90 days from now is near 1 (This ITTEFAQ Iron Industries probability density function shows the probability of ITTEFAQ Stock to fall within a particular range of prices over 90 days) . Probability of ITTEFAQ Iron Industries price to stay between its current price of 6.56 and 7.78 at the end of the 90-day period is about 5.24 .
Assuming the 90 days trading horizon ITTEFAQ Iron Industries has a beta of -0.1. This usually indicates as returns on the benchmark increase, returns on holding ITTEFAQ Iron are expected to decrease at a much lower rate. During a bear market, however, ITTEFAQ Iron Industries is likely to outperform the market. Additionally ITTEFAQ Iron Industries has an alpha of 0.0071, implying that it can generate a 0.007143 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). ITTEFAQ Iron Price Density |
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Predictive Modules for ITTEFAQ Iron
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ITTEFAQ Iron Industries. 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.ITTEFAQ Iron Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. ITTEFAQ Iron is not an exception. The market had few large corrections towards the ITTEFAQ Iron'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 ITTEFAQ Iron Industries, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of ITTEFAQ Iron within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.01 | |
β | Beta against Dow Jones | -0.1 | |
σ | Overall volatility | 0.37 | |
Ir | Information ratio | -0.05 |
ITTEFAQ Iron Technical Analysis
ITTEFAQ Iron's future price can be derived by breaking down and analyzing its technical indicators over time. ITTEFAQ Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of ITTEFAQ Iron Industries. In general, you should focus on analyzing ITTEFAQ Stock price patterns and their correlations with different microeconomic environments and drivers.
ITTEFAQ Iron Predictive Forecast Models
ITTEFAQ Iron's time-series forecasting models is one of many ITTEFAQ Iron'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 ITTEFAQ Iron'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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards ITTEFAQ Iron in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, ITTEFAQ Iron's short interest history, or implied volatility extrapolated from ITTEFAQ Iron options trading.
Additional Tools for ITTEFAQ Stock Analysis
When running ITTEFAQ Iron's price analysis, check to measure ITTEFAQ Iron'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 ITTEFAQ Iron is operating at the current time. Most of ITTEFAQ Iron's value examination focuses on studying past and present price action to predict the probability of ITTEFAQ Iron's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ITTEFAQ Iron's price. Additionally, you may evaluate how the addition of ITTEFAQ Iron to your portfolios can decrease your overall portfolio volatility.