Kelani Cables (Sri Lanka) Probability of Future Stock Price Finishing Over 338.23
| KCABN0000 | LKR 343.00 4.00 1.18% |
Kelani |
Kelani Cables Target Price Odds to finish over 338.23
The tendency of Kelani 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 338.23 in 90 days |
| 343.00 | 90 days | 338.23 | about 18.77 |
Based on a normal probability distribution, the odds of Kelani Cables to stay above 338.23 in 90 days from now is about 18.77 (This Kelani Cables PLC probability density function shows the probability of Kelani Stock to fall within a particular range of prices over 90 days) . Probability of Kelani Cables PLC price to stay between 338.23 and its current price of 343.0 at the end of the 90-day period is nearly 4.3 .
Assuming the 90 days trading horizon Kelani Cables PLC has a beta of -0.39. This indicates as returns on the benchmark increase, returns on holding Kelani Cables are expected to decrease at a much lower rate. During a bear market, however, Kelani Cables PLC is likely to outperform the market. Additionally Kelani Cables PLC has an alpha of 0.2889, implying that it can generate a 0.29 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Kelani Cables Price Density |
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Predictive Modules for Kelani Cables
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Kelani Cables PLC. 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.Kelani Cables Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Kelani Cables is not an exception. The market had few large corrections towards the Kelani Cables' 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 Kelani Cables PLC, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Kelani Cables within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.29 | |
β | Beta against Dow Jones | -0.39 | |
σ | Overall volatility | 27.54 | |
Ir | Information ratio | 0.07 |
Kelani Cables Technical Analysis
Kelani Cables' future price can be derived by breaking down and analyzing its technical indicators over time. Kelani Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Kelani Cables PLC. In general, you should focus on analyzing Kelani Stock price patterns and their correlations with different microeconomic environments and drivers.
Kelani Cables Predictive Forecast Models
Kelani Cables' time-series forecasting models is one of many Kelani Cables' 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 Kelani Cables' 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 Kelani Cables 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, Kelani Cables' short interest history, or implied volatility extrapolated from Kelani Cables options trading.
Other Information on Investing in Kelani Stock
Kelani Cables financial ratios help investors to determine whether Kelani 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 Kelani with respect to the benefits of owning Kelani Cables security.