Axiata Group (Malaysia) Probability of Future Stock Price Finishing Over 2.36
| 6888 Stock | 2.37 0.01 0.42% |
Axiata |
Axiata Group Target Price Odds to finish over 2.36
The tendency of Axiata 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 2.36 in 90 days |
| 2.37 | 90 days | 2.36 | about 55.46 |
Based on a normal probability distribution, the odds of Axiata Group to stay above 2.36 in 90 days from now is about 55.46 (This Axiata Group Bhd probability density function shows the probability of Axiata Stock to fall within a particular range of prices over 90 days) . Probability of Axiata Group Bhd price to stay between 2.36 and its current price of 2.37 at the end of the 90-day period is about 5.45 .
Assuming the 90 days trading horizon Axiata Group Bhd has a beta of -0.3. This suggests as returns on the benchmark increase, returns on holding Axiata Group are expected to decrease at a much lower rate. During a bear market, however, Axiata Group Bhd is likely to outperform the market. Additionally Axiata Group Bhd 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. Axiata Group Price Density |
| Price |
Predictive Modules for Axiata Group
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Axiata Group Bhd. 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.Axiata Group Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Axiata Group is not an exception. The market had few large corrections towards the Axiata Group'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 Axiata Group Bhd, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Axiata Group within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.008 | |
β | Beta against Dow Jones | -0.3 | |
σ | Overall volatility | 0.07 | |
Ir | Information ratio | -0.11 |
Axiata Group 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 Axiata Group for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Axiata Group Bhd can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Axiata Group Bhd generated a negative expected return over the last 90 days | |
| Axiata Group Bhd has high likelihood to experience some financial distress in the next 2 years |
Axiata Group 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 Axiata Stock often depends not only on the future outlook of the current and potential Axiata Group'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. Axiata Group's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 9.2 B | |
| Cash And Short Term Investments | 6.7 B |
Axiata Group Technical Analysis
Axiata Group's future price can be derived by breaking down and analyzing its technical indicators over time. Axiata Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Axiata Group Bhd. In general, you should focus on analyzing Axiata Stock price patterns and their correlations with different microeconomic environments and drivers.
Axiata Group Predictive Forecast Models
Axiata Group's time-series forecasting models is one of many Axiata Group'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 Axiata Group'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 Axiata Group Bhd
Checking the ongoing alerts about Axiata Group for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Axiata Group Bhd help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Axiata Group Bhd generated a negative expected return over the last 90 days | |
| Axiata Group Bhd has high likelihood to experience some financial distress in the next 2 years |
Other Information on Investing in Axiata Stock
Axiata Group financial ratios help investors to determine whether Axiata 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 Axiata with respect to the benefits of owning Axiata Group security.