Patel Engineering (India) Probability of Future Stock Price Finishing Under 58.26
| PATELENG | 53.39 0.18 0.34% |
Patel |
Patel Engineering Target Price Odds to finish below 58.26
The tendency of Patel 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 58.26 after 90 days |
| 53.39 | 90 days | 58.26 | about 85.29 |
Based on a normal probability distribution, the odds of Patel Engineering to stay under 58.26 after 90 days from now is about 85.29 (This Patel Engineering Limited probability density function shows the probability of Patel Stock to fall within a particular range of prices over 90 days) . Probability of Patel Engineering price to stay between its current price of 53.39 and 58.26 at the end of the 90-day period is about 48.46 .
Assuming the 90 days trading horizon Patel Engineering has a beta of 0.37 indicating as returns on the market go up, Patel Engineering average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Patel Engineering Limited will be expected to be much smaller as well. Additionally Patel Engineering Limited 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. Patel Engineering Price Density |
| Price |
Predictive Modules for Patel Engineering
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Patel Engineering. 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.Patel Engineering Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Patel Engineering is not an exception. The market had few large corrections towards the Patel Engineering'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 Patel Engineering Limited, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Patel Engineering within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.03 | |
β | Beta against Dow Jones | 0.37 | |
σ | Overall volatility | 3.51 | |
Ir | Information ratio | -0.04 |
Patel Engineering 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 Patel Engineering for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Patel Engineering can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Patel Engineering generated a negative expected return over the last 90 days | |
| Patel Engineering is unlikely to experience financial distress in the next 2 years | |
| About 45.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Additional Considerations Required While Assessing Patel Engineerings Strong Earnings - Simply Wall St |
Patel Engineering 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 Patel Stock often depends not only on the future outlook of the current and potential Patel Engineering'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. Patel Engineering's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 866.7 M | |
| Cash And Short Term Investments | 3.4 B |
Patel Engineering Technical Analysis
Patel Engineering's future price can be derived by breaking down and analyzing its technical indicators over time. Patel Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Patel Engineering Limited. In general, you should focus on analyzing Patel Stock price patterns and their correlations with different microeconomic environments and drivers.
Patel Engineering Predictive Forecast Models
Patel Engineering's time-series forecasting models is one of many Patel Engineering'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 Patel Engineering'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 Patel Engineering
Checking the ongoing alerts about Patel Engineering for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Patel Engineering help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Patel Engineering generated a negative expected return over the last 90 days | |
| Patel Engineering is unlikely to experience financial distress in the next 2 years | |
| About 45.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Additional Considerations Required While Assessing Patel Engineerings Strong Earnings - Simply Wall St |
Other Information on Investing in Patel Stock
Patel Engineering financial ratios help investors to determine whether Patel 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 Patel with respect to the benefits of owning Patel Engineering security.