PICIC Insurance (Pakistan) Probability of Future Stock Price Finishing Over 1.87
| PIL Stock | 1.80 0.03 1.69% |
PICIC |
PICIC Insurance Target Price Odds to finish over 1.87
The tendency of PICIC 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 over 1.87 or more in 90 days |
| 1.80 | 90 days | 1.87 | about 29.69 |
Based on a normal probability distribution, the odds of PICIC Insurance to move over 1.87 or more in 90 days from now is about 29.69 (This PICIC Insurance probability density function shows the probability of PICIC Stock to fall within a particular range of prices over 90 days) . Probability of PICIC Insurance price to stay between its current price of 1.80 and 1.87 at the end of the 90-day period is about 17.65 .
Assuming the 90 days trading horizon PICIC Insurance has a beta of -0.41 indicating as returns on the benchmark increase, returns on holding PICIC Insurance are expected to decrease at a much lower rate. During a bear market, however, PICIC Insurance is likely to outperform the market. Additionally PICIC Insurance has an alpha of 0.2956, implying that it can generate a 0.3 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). PICIC Insurance Price Density |
| Price |
Predictive Modules for PICIC Insurance
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as PICIC Insurance. 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.PICIC Insurance Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. PICIC Insurance is not an exception. The market had few large corrections towards the PICIC Insurance'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 PICIC Insurance, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of PICIC Insurance within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.30 | |
β | Beta against Dow Jones | -0.41 | |
σ | Overall volatility | 0.15 | |
Ir | Information ratio | 0.02 |
PICIC Insurance 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 PICIC Insurance for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for PICIC Insurance can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| PICIC Insurance had very high historical volatility over the last 90 days | |
| PICIC Insurance may become a speculative penny stock |
PICIC Insurance Technical Analysis
PICIC Insurance's future price can be derived by breaking down and analyzing its technical indicators over time. PICIC Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of PICIC Insurance. In general, you should focus on analyzing PICIC Stock price patterns and their correlations with different microeconomic environments and drivers.
PICIC Insurance Predictive Forecast Models
PICIC Insurance's time-series forecasting models is one of many PICIC Insurance'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 PICIC Insurance'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 PICIC Insurance
Checking the ongoing alerts about PICIC Insurance for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for PICIC Insurance help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| PICIC Insurance had very high historical volatility over the last 90 days | |
| PICIC Insurance may become a speculative penny stock |
Additional Tools for PICIC Stock Analysis
When running PICIC Insurance's price analysis, check to measure PICIC Insurance's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy PICIC Insurance is operating at the current time. Most of PICIC Insurance's value examination focuses on studying past and present price action to predict the probability of PICIC Insurance's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move PICIC Insurance's price. Additionally, you may evaluate how the addition of PICIC Insurance to your portfolios can decrease your overall portfolio volatility.