Absa (South Africa) Chance of Future Stock Price Finishing Over 15218.52
| ABG Stock | 19,627 199.00 1.00% |
Absa |
Absa Target Price Odds to finish over 15218.52
The tendency of Absa 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 15,219 in 90 days |
| 19,627 | 90 days | 15,219 | close to 99 |
Based on a normal probability distribution, the odds of Absa to stay above 15,219 in 90 days from now is close to 99 (This Absa Group probability density function shows the probability of Absa Stock to fall within a particular range of prices over 90 days) . Probability of Absa Group price to stay between 15,219 and its current price of 19627.0 at the end of the 90-day period is close to 99 .
Assuming the 90 days trading horizon Absa Group has a beta of -0.13. This suggests as returns on the benchmark increase, returns on holding Absa are expected to decrease at a much lower rate. During a bear market, however, Absa Group is likely to outperform the market. Additionally Absa Group has an alpha of 0.2783, implying that it can generate a 0.28 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Absa Price Density |
| Price |
Predictive Modules for Absa
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Absa Group. 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.Absa Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Absa is not an exception. The market had few large corrections towards the Absa'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 Absa Group, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Absa within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.28 | |
β | Beta against Dow Jones | -0.13 | |
σ | Overall volatility | 764.32 | |
Ir | Information ratio | 0.12 |
Absa 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 Absa for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Absa Group can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| About 61.0% of the company shares are held by institutions such as insurance companies |
Absa 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 Absa Stock often depends not only on the future outlook of the current and potential Absa'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. Absa's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 831.6 M | |
| Cash And Short Term Investments | 66 B |
Absa Technical Analysis
Absa's future price can be derived by breaking down and analyzing its technical indicators over time. Absa Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Absa Group. In general, you should focus on analyzing Absa Stock price patterns and their correlations with different microeconomic environments and drivers.
Absa Predictive Forecast Models
Absa's time-series forecasting models is one of many Absa'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 Absa'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 Absa Group
Checking the ongoing alerts about Absa for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Absa Group help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| About 61.0% of the company shares are held by institutions such as insurance companies |
Other Information on Investing in Absa Stock
Absa financial ratios help investors to determine whether Absa 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 Absa with respect to the benefits of owning Absa security.