NELCO (India) Chance of Future Stock Price Finishing Under 1306.7
| NELCO Stock | 1,379 19.10 1.40% |
NELCO |
NELCO Target Price Odds to finish below 1306.7
The tendency of NELCO 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 1,307 or more in 90 days |
| 1,379 | 90 days | 1,307 | about 98.0 |
Based on a normal probability distribution, the odds of NELCO to drop to 1,307 or more in 90 days from now is about 98.0 (This NELCO Limited probability density function shows the probability of NELCO Stock to fall within a particular range of prices over 90 days) . Probability of NELCO Limited price to stay between 1,307 and its current price of 1378.85 at the end of the 90-day period is about 1.24 .
Assuming the 90 days trading horizon NELCO has a beta of 0.0875. This indicates as returns on the market go up, NELCO average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding NELCO Limited will be expected to be much smaller as well. Additionally NELCO Limited has an alpha of 0.1952, implying that it can generate a 0.2 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). NELCO Price Density |
| Price |
Predictive Modules for NELCO
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as NELCO Limited. 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.NELCO Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. NELCO is not an exception. The market had few large corrections towards the NELCO'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 NELCO Limited, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of NELCO within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.20 | |
β | Beta against Dow Jones | 0.09 | |
σ | Overall volatility | 127.80 | |
Ir | Information ratio | 0.02 |
NELCO 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 NELCO for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for NELCO Limited can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| NELCO Limited had very high historical volatility over the last 90 days | |
| NELCO Limited is unlikely to experience financial distress in the next 2 years | |
| About 57.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Paramount Communications rallies 12 percent on plans to set up manufacturing unit - Business Standard |
NELCO 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 NELCO Stock often depends not only on the future outlook of the current and potential NELCO'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. NELCO's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 22.8 M | |
| Cash And Short Term Investments | 244.7 M |
NELCO Technical Analysis
NELCO's future price can be derived by breaking down and analyzing its technical indicators over time. NELCO Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of NELCO Limited. In general, you should focus on analyzing NELCO Stock price patterns and their correlations with different microeconomic environments and drivers.
NELCO Predictive Forecast Models
NELCO's time-series forecasting models is one of many NELCO'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 NELCO'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 NELCO Limited
Checking the ongoing alerts about NELCO for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for NELCO Limited help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| NELCO Limited had very high historical volatility over the last 90 days | |
| NELCO Limited is unlikely to experience financial distress in the next 2 years | |
| About 57.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Paramount Communications rallies 12 percent on plans to set up manufacturing unit - Business Standard |
Other Information on Investing in NELCO Stock
NELCO financial ratios help investors to determine whether NELCO 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 NELCO with respect to the benefits of owning NELCO security.