Nippon Life (India) Probability of Future Stock Price Finishing Under 695.58
| NAM-INDIA | 685.50 5.55 0.80% |
Nippon |
Nippon Life Target Price Odds to finish below 695.58
The tendency of Nippon 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 under 695.58 after 90 days |
| 685.50 | 90 days | 695.58 | about 79.04 |
Based on a normal probability distribution, the odds of Nippon Life to stay under 695.58 after 90 days from now is about 79.04 (This Nippon Life India probability density function shows the probability of Nippon Stock to fall within a particular range of prices over 90 days) . Probability of Nippon Life India price to stay between its current price of 685.50 and 695.58 at the end of the 90-day period is about 15.24 .
Assuming the 90 days trading horizon Nippon Life has a beta of 0.59. This indicates as returns on the market go up, Nippon Life average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Nippon Life India will be expected to be much smaller as well. Additionally Nippon Life India 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. Nippon Life Price Density |
| Price |
Predictive Modules for Nippon Life
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Nippon Life India. 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.Nippon Life Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Nippon Life is not an exception. The market had few large corrections towards the Nippon Life'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 Nippon Life India, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Nippon Life within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.06 | |
β | Beta against Dow Jones | 0.59 | |
σ | Overall volatility | 22.07 | |
Ir | Information ratio | -0.05 |
Nippon Life 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 Nippon Life for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Nippon Life India can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Over 89.0% of the company shares are owned by institutional investors | |
| Latest headline from news.google.com: Nippon Life India acquires space at Lower Parel worth 486 crore - CNBCTV18 |
Nippon Life 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 Nippon Stock often depends not only on the future outlook of the current and potential Nippon Life'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. Nippon Life's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 631.7 M | |
| Cash And Short Term Investments | 2.7 B |
Nippon Life Technical Analysis
Nippon Life's future price can be derived by breaking down and analyzing its technical indicators over time. Nippon Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Nippon Life India. In general, you should focus on analyzing Nippon Stock price patterns and their correlations with different microeconomic environments and drivers.
Nippon Life Predictive Forecast Models
Nippon Life's time-series forecasting models is one of many Nippon Life'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 Nippon Life'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 Nippon Life India
Checking the ongoing alerts about Nippon Life for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Nippon Life India help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Over 89.0% of the company shares are owned by institutional investors | |
| Latest headline from news.google.com: Nippon Life India acquires space at Lower Parel worth 486 crore - CNBCTV18 |
Other Information on Investing in Nippon Stock
Nippon Life financial ratios help investors to determine whether Nippon 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 Nippon with respect to the benefits of owning Nippon Life security.