Asiabest Group (Philippines) Probability of Future Stock Price Finishing Under 0.05
| ABG Stock | 26.20 5.20 24.76% |
Asiabest |
Asiabest Group Target Price Odds to finish below 0.05
The tendency of Asiabest 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 0.05 or more in 90 days |
| 26.20 | 90 days | 0.05 | about 6.05 |
Based on a normal probability distribution, the odds of Asiabest Group to drop to 0.05 or more in 90 days from now is about 6.05 (This Asiabest Group International probability density function shows the probability of Asiabest Stock to fall within a particular range of prices over 90 days) . Probability of Asiabest Group Inter price to stay between 0.05 and its current price of 26.2 at the end of the 90-day period is more than 93.0 .
Assuming the 90 days trading horizon Asiabest Group has a beta of 0.58. This suggests as returns on the market go up, Asiabest Group average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Asiabest Group International will be expected to be much smaller as well. In addition to that Asiabest Group International has an alpha of 2.6386, implying that it can generate a 2.64 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Asiabest Group Price Density |
| Price |
Predictive Modules for Asiabest 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 Asiabest Group Inter. 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.Asiabest Group Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Asiabest Group is not an exception. The market had few large corrections towards the Asiabest 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 Asiabest Group International, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Asiabest Group within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 2.64 | |
β | Beta against Dow Jones | 0.58 | |
σ | Overall volatility | 6.57 | |
Ir | Information ratio | 0.39 |
Asiabest 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 Asiabest Group for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Asiabest Group Inter can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Asiabest Group Inter is not yet fully synchronised with the market data | |
| Asiabest Group Inter is way too risky over 90 days horizon | |
| Asiabest Group Inter appears to be risky and price may revert if volatility continues | |
| Asiabest is showing solid risk-adjusted performance over 90 days | |
| Net Loss for the year was (4.53 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Asiabest Group International has accumulated about 254.08 M in cash with (7.22 M) of positive cash flow from operations. |
Asiabest 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 Asiabest Stock often depends not only on the future outlook of the current and potential Asiabest 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. Asiabest Group's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 300 M | |
| Cash And Short Term Investments | 254.1 M |
Asiabest Group Technical Analysis
Asiabest Group's future price can be derived by breaking down and analyzing its technical indicators over time. Asiabest Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Asiabest Group International. In general, you should focus on analyzing Asiabest Stock price patterns and their correlations with different microeconomic environments and drivers.
Asiabest Group Predictive Forecast Models
Asiabest Group's time-series forecasting models is one of many Asiabest 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 Asiabest 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 Asiabest Group Inter
Checking the ongoing alerts about Asiabest Group for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Asiabest Group Inter help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Asiabest Group Inter is not yet fully synchronised with the market data | |
| Asiabest Group Inter is way too risky over 90 days horizon | |
| Asiabest Group Inter appears to be risky and price may revert if volatility continues | |
| Asiabest is showing solid risk-adjusted performance over 90 days | |
| Net Loss for the year was (4.53 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Asiabest Group International has accumulated about 254.08 M in cash with (7.22 M) of positive cash flow from operations. |
Other Information on Investing in Asiabest Stock
Asiabest Group financial ratios help investors to determine whether Asiabest 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 Asiabest with respect to the benefits of owning Asiabest Group security.