ASTRA INTERNATIONAL (Germany) Probability of Future Stock Price Finishing Over 0.29
| ASJA Stock | 0.29 0.02 6.45% |
ASTRA |
ASTRA INTERNATIONAL Target Price Odds to finish over 0.29
The tendency of ASTRA 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 |
| 0.29 | 90 days | 0.29 | about 50.0 |
Based on a normal probability distribution, the odds of ASTRA INTERNATIONAL to move above the current price in 90 days from now is about 50.0 (This ASTRA INTERNATIONAL probability density function shows the probability of ASTRA 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 1.24 . This suggests as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, ASTRA INTERNATIONAL will likely underperform. Additionally ASTRA INTERNATIONAL 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. ASTRA INTERNATIONAL Price Density |
| Price |
Predictive Modules for ASTRA INTERNATIONAL
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ASTRA INTERNATIONAL. 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.ASTRA INTERNATIONAL Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. ASTRA INTERNATIONAL is not an exception. The market had few large corrections towards the ASTRA INTERNATIONAL'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 ASTRA INTERNATIONAL, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of ASTRA INTERNATIONAL within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.03 | |
β | Beta against Dow Jones | 1.24 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | -0.0001 |
ASTRA INTERNATIONAL 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 ASTRA INTERNATIONAL for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for ASTRA INTERNATIONAL can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| ASTRA INTERNATIONAL has some characteristics of a very speculative penny stock | |
| ASTRA INTERNATIONAL had very high historical volatility over the last 90 days |
ASTRA INTERNATIONAL 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 ASTRA Stock often depends not only on the future outlook of the current and potential ASTRA INTERNATIONAL'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. ASTRA INTERNATIONAL's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 40.5 B |
ASTRA INTERNATIONAL Technical Analysis
ASTRA INTERNATIONAL's future price can be derived by breaking down and analyzing its technical indicators over time. ASTRA Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of ASTRA INTERNATIONAL. In general, you should focus on analyzing ASTRA Stock price patterns and their correlations with different microeconomic environments and drivers.
ASTRA INTERNATIONAL Predictive Forecast Models
ASTRA INTERNATIONAL's time-series forecasting models is one of many ASTRA INTERNATIONAL'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 ASTRA INTERNATIONAL'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 ASTRA INTERNATIONAL
Checking the ongoing alerts about ASTRA INTERNATIONAL for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for ASTRA INTERNATIONAL help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| ASTRA INTERNATIONAL has some characteristics of a very speculative penny stock | |
| ASTRA INTERNATIONAL had very high historical volatility over the last 90 days |
Additional Tools for ASTRA Stock Analysis
When running ASTRA INTERNATIONAL's price analysis, check to measure ASTRA INTERNATIONAL's 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 ASTRA INTERNATIONAL is operating at the current time. Most of ASTRA INTERNATIONAL's value examination focuses on studying past and present price action to predict the probability of ASTRA INTERNATIONAL's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ASTRA INTERNATIONAL's price. Additionally, you may evaluate how the addition of ASTRA INTERNATIONAL to your portfolios can decrease your overall portfolio volatility.