Sky Gold (India) Odds of Future Stock Price Finishing Over 371.15
| SKYGOLD Stock | 371.15 19.15 4.91% |
Sky |
Sky Gold Target Price Odds to finish over 371.15
The tendency of Sky 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 above the current price in 90 days |
| 371.15 | 90 days | 371.15 | about 54.35 |
Based on a normal probability distribution, the odds of Sky Gold to move above the current price in 90 days from now is about 54.35 (This Sky Gold Limited probability density function shows the probability of Sky Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon the stock has the beta coefficient of 3.76 . This usually implies as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Sky Gold will likely underperform. In addition to that Sky Gold Limited has an alpha of 12.6778, implying that it can generate a 12.68 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Sky Gold Price Density |
| Price |
Predictive Modules for Sky Gold
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Sky Gold 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.Sky Gold Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Sky Gold is not an exception. The market had few large corrections towards the Sky Gold'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 Sky Gold Limited, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Sky Gold within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 12.68 | |
β | Beta against Dow Jones | 3.76 | |
σ | Overall volatility | 400.53 | |
Ir | Information ratio | 0.11 |
Sky Gold 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 Sky Gold for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Sky Gold 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.| Sky Gold Limited is way too risky over 90 days horizon | |
| Sky Gold Limited appears to be risky and price may revert if volatility continues | |
| Sky Gold Limited is unlikely to experience financial distress in the next 2 years | |
| Sky Gold generates negative cash flow from operations | |
| About 72.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Sky Golds Stock Hits 52-Week High, Outperforms Sector and Sensex - MarketsMojo |
Sky Gold 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 Sky Stock often depends not only on the future outlook of the current and potential Sky Gold'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. Sky Gold's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 11.6 M | |
| Cash And Short Term Investments | 767.6 M |
Sky Gold Technical Analysis
Sky Gold's future price can be derived by breaking down and analyzing its technical indicators over time. Sky Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Sky Gold Limited. In general, you should focus on analyzing Sky Stock price patterns and their correlations with different microeconomic environments and drivers.
Sky Gold Predictive Forecast Models
Sky Gold's time-series forecasting models is one of many Sky Gold'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 Sky Gold'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 Sky Gold Limited
Checking the ongoing alerts about Sky Gold for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Sky Gold Limited help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Sky Gold Limited is way too risky over 90 days horizon | |
| Sky Gold Limited appears to be risky and price may revert if volatility continues | |
| Sky Gold Limited is unlikely to experience financial distress in the next 2 years | |
| Sky Gold generates negative cash flow from operations | |
| About 72.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Sky Golds Stock Hits 52-Week High, Outperforms Sector and Sensex - MarketsMojo |
Other Information on Investing in Sky Stock
Sky Gold financial ratios help investors to determine whether Sky 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 Sky with respect to the benefits of owning Sky Gold security.