Nimir Industrial (Pakistan) Probability of Future Stock Price Finishing Under 130.0
| NICL Stock | 130.00 3.00 2.26% |
Nimir |
Nimir Industrial Target Price Odds to finish below 130.0
The tendency of Nimir 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 below current price in 90 days |
| 130.00 | 90 days | 130.00 | more than 93.0 |
Based on a normal probability distribution, the odds of Nimir Industrial to move below current price in 90 days from now is more than 93.0 (This Nimir Industrial Chemical probability density function shows the probability of Nimir Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon Nimir Industrial Chemical has a beta of -0.24. This indicates as returns on the benchmark increase, returns on holding Nimir Industrial are expected to decrease at a much lower rate. During a bear market, however, Nimir Industrial Chemical is likely to outperform the market. Additionally Nimir Industrial Chemical has an alpha of 0.241, implying that it can generate a 0.24 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Nimir Industrial Price Density |
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Predictive Modules for Nimir Industrial
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Nimir Industrial Chemical. 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.Nimir Industrial Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Nimir Industrial is not an exception. The market had few large corrections towards the Nimir Industrial'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 Nimir Industrial Chemical, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Nimir Industrial within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.24 | |
β | Beta against Dow Jones | -0.24 | |
σ | Overall volatility | 7.60 | |
Ir | Information ratio | 0.06 |
Nimir Industrial Technical Analysis
Nimir Industrial's future price can be derived by breaking down and analyzing its technical indicators over time. Nimir Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Nimir Industrial Chemical. In general, you should focus on analyzing Nimir Stock price patterns and their correlations with different microeconomic environments and drivers.
Nimir Industrial Predictive Forecast Models
Nimir Industrial's time-series forecasting models is one of many Nimir Industrial'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 Nimir Industrial'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 Nimir Industrial 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, Nimir Industrial's short interest history, or implied volatility extrapolated from Nimir Industrial options trading.
Other Information on Investing in Nimir Stock
Nimir Industrial financial ratios help investors to determine whether Nimir 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 Nimir with respect to the benefits of owning Nimir Industrial security.