SAL Steel (India) Probability of Future Stock Price Finishing Under 21.11
| SALSTEEL | 25.98 0.68 2.69% |
SAL |
SAL Steel Target Price Odds to finish below 21.11
The tendency of SAL 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 21.11 or more in 90 days |
| 25.98 | 90 days | 21.11 | near 1 |
Based on a normal probability distribution, the odds of SAL Steel to drop to 21.11 or more in 90 days from now is near 1 (This SAL Steel Limited probability density function shows the probability of SAL Stock to fall within a particular range of prices over 90 days) . Probability of SAL Steel Limited price to stay between 21.11 and its current price of 25.98 at the end of the 90-day period is about 44.99 .
Assuming the 90 days trading horizon the stock has the beta coefficient of 1.03 . This usually implies SAL Steel Limited market returns are highly-sensitive to returns on the market. As the market goes up or down, SAL Steel is expected to follow. Additionally SAL Steel 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. SAL Steel Price Density |
| Price |
Predictive Modules for SAL Steel
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as SAL Steel 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of SAL Steel's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
SAL Steel Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. SAL Steel is not an exception. The market had few large corrections towards the SAL Steel'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 SAL Steel Limited, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of SAL Steel within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.05 | |
β | Beta against Dow Jones | 1.03 | |
σ | Overall volatility | 1.44 | |
Ir | Information ratio | -0.01 |
SAL Steel 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 SAL Steel for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for SAL Steel 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.| SAL Steel Limited had very high historical volatility over the last 90 days | |
| SAL Steel Limited is unlikely to experience financial distress in the next 2 years | |
| About 58.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: S.A.L Steel standalone net profit declines 57.14 percent in the September 2024 quarter - Business Standard |
SAL Steel 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 SAL Stock often depends not only on the future outlook of the current and potential SAL Steel'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. SAL Steel's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 85 M | |
| Cash And Short Term Investments | 2.1 M |
SAL Steel Technical Analysis
SAL Steel's future price can be derived by breaking down and analyzing its technical indicators over time. SAL Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of SAL Steel Limited. In general, you should focus on analyzing SAL Stock price patterns and their correlations with different microeconomic environments and drivers.
SAL Steel Predictive Forecast Models
SAL Steel's time-series forecasting models is one of many SAL Steel'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 SAL Steel'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 SAL Steel Limited
Checking the ongoing alerts about SAL Steel for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for SAL Steel Limited help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| SAL Steel Limited had very high historical volatility over the last 90 days | |
| SAL Steel Limited is unlikely to experience financial distress in the next 2 years | |
| About 58.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: S.A.L Steel standalone net profit declines 57.14 percent in the September 2024 quarter - Business Standard |
Other Information on Investing in SAL Stock
SAL Steel financial ratios help investors to determine whether SAL 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 SAL with respect to the benefits of owning SAL Steel security.