Southern Petrochemicals (India) Probability of Future Stock Price Finishing Over 63.94
| SPIC Stock | 74.08 2.23 2.92% |
Southern |
Southern Petrochemicals Target Price Odds to finish over 63.94
The tendency of Southern 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 above 63.94 in 90 days |
| 74.08 | 90 days | 63.94 | close to 99 |
Based on a normal probability distribution, the odds of Southern Petrochemicals to stay above 63.94 in 90 days from now is close to 99 (This Southern Petrochemicals Industries probability density function shows the probability of Southern Stock to fall within a particular range of prices over 90 days) . Probability of Southern Petrochemicals price to stay between 63.94 and its current price of 74.08 at the end of the 90-day period is about 11.83 .
Assuming the 90 days trading horizon Southern Petrochemicals has a beta of 0.7. This usually implies as returns on the market go up, Southern Petrochemicals average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Southern Petrochemicals Industries will be expected to be much smaller as well. Additionally Southern Petrochemicals Industries 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. Southern Petrochemicals Price Density |
| Price |
Predictive Modules for Southern Petrochemicals
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Southern Petrochemicals. 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.Southern Petrochemicals Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Southern Petrochemicals is not an exception. The market had few large corrections towards the Southern Petrochemicals' 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 Southern Petrochemicals Industries, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Southern Petrochemicals within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.22 | |
β | Beta against Dow Jones | 0.70 | |
σ | Overall volatility | 4.17 | |
Ir | Information ratio | -0.11 |
Southern Petrochemicals 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 Southern Petrochemicals for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Southern Petrochemicals can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Southern Petrochemicals generated a negative expected return over the last 90 days |
Southern Petrochemicals 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 Southern Stock often depends not only on the future outlook of the current and potential Southern Petrochemicals' 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. Southern Petrochemicals' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 203.7 M | |
| Cash And Short Term Investments | 2 B |
Southern Petrochemicals Technical Analysis
Southern Petrochemicals' future price can be derived by breaking down and analyzing its technical indicators over time. Southern Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Southern Petrochemicals Industries. In general, you should focus on analyzing Southern Stock price patterns and their correlations with different microeconomic environments and drivers.
Southern Petrochemicals Predictive Forecast Models
Southern Petrochemicals' time-series forecasting models is one of many Southern Petrochemicals' 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 Southern Petrochemicals' 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 Southern Petrochemicals
Checking the ongoing alerts about Southern Petrochemicals for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Southern Petrochemicals help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Southern Petrochemicals generated a negative expected return over the last 90 days |
Additional Tools for Southern Stock Analysis
When running Southern Petrochemicals' price analysis, check to measure Southern Petrochemicals' 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 Southern Petrochemicals is operating at the current time. Most of Southern Petrochemicals' value examination focuses on studying past and present price action to predict the probability of Southern Petrochemicals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Southern Petrochemicals' price. Additionally, you may evaluate how the addition of Southern Petrochemicals to your portfolios can decrease your overall portfolio volatility.