Jindal Steel (India) Probability of Future Stock Price Finishing Over 828.04
| JINDALSTEL | 889.55 3.25 0.36% |
Jindal |
Jindal Steel Target Price Odds to finish over 828.04
The tendency of Jindal 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 828.04 in 90 days |
| 889.55 | 90 days | 828.04 | close to 99 |
Based on a normal probability distribution, the odds of Jindal Steel to stay above 828.04 in 90 days from now is close to 99 (This Jindal Steel Power probability density function shows the probability of Jindal Stock to fall within a particular range of prices over 90 days) . Probability of Jindal Steel Power price to stay between 828.04 and its current price of 889.55 at the end of the 90-day period is about 9.12 .
Assuming the 90 days trading horizon Jindal Steel has a beta of 0.34. This indicates as returns on the market go up, Jindal Steel average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Jindal Steel Power will be expected to be much smaller as well. Additionally Jindal Steel Power 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. Jindal Steel Price Density |
| Price |
Predictive Modules for Jindal Steel
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Jindal Steel Power. 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.Jindal Steel Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Jindal Steel is not an exception. The market had few large corrections towards the Jindal Steel'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 Jindal Steel Power, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Jindal Steel within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.14 | |
β | Beta against Dow Jones | 0.34 | |
σ | Overall volatility | 53.33 | |
Ir | Information ratio | -0.13 |
Jindal Steel 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 Jindal Steel for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Jindal Steel Power can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Jindal Steel Power generated a negative expected return over the last 90 days | |
| About 63.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: JINDALSTEL Outlook for the Week - EquityPandit |
Jindal Steel 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 Jindal Stock often depends not only on the future outlook of the current and potential Jindal Steel's 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. Jindal Steel's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 1 B | |
| Cash And Short Term Investments | 44.8 B |
Jindal Steel Technical Analysis
Jindal Steel's future price can be derived by breaking down and analyzing its technical indicators over time. Jindal Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Jindal Steel Power. In general, you should focus on analyzing Jindal Stock price patterns and their correlations with different microeconomic environments and drivers.
Jindal Steel Predictive Forecast Models
Jindal Steel's time-series forecasting models is one of many Jindal Steel'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 Jindal Steel'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 Jindal Steel Power
Checking the ongoing alerts about Jindal Steel for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Jindal Steel Power help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Jindal Steel Power generated a negative expected return over the last 90 days | |
| About 63.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: JINDALSTEL Outlook for the Week - EquityPandit |
Additional Tools for Jindal Stock Analysis
When running Jindal Steel's price analysis, check to measure Jindal Steel'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 Jindal Steel is operating at the current time. Most of Jindal Steel's value examination focuses on studying past and present price action to predict the probability of Jindal Steel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Jindal Steel's price. Additionally, you may evaluate how the addition of Jindal Steel to your portfolios can decrease your overall portfolio volatility.