ASX (Australia) Chance of Future Stock Price Finishing Under 54.85
| ASX Stock | 66.03 0.44 0.67% |
ASX |
ASX Target Price Odds to finish below 54.85
The tendency of ASX 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 54.85 or more in 90 days |
| 66.03 | 90 days | 54.85 | near 1 |
Based on a normal probability distribution, the odds of ASX to drop to 54.85 or more in 90 days from now is near 1 (This ASX probability density function shows the probability of ASX Stock to fall within a particular range of prices over 90 days) . Probability of ASX price to stay between 54.85 and its current price of 66.03 at the end of the 90-day period is about 47.62 .
Assuming the 90 days trading horizon ASX has a beta of 0.21. This suggests as returns on the market go up, ASX average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding ASX will be expected to be much smaller as well. Additionally ASX has an alpha of 0.0583, implying that it can generate a 0.0583 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). ASX Price Density |
| Price |
Predictive Modules for ASX
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ASX. 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.ASX Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. ASX is not an exception. The market had few large corrections towards the ASX'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 ASX, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of ASX within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.06 | |
β | Beta against Dow Jones | 0.21 | |
σ | Overall volatility | 1.53 | |
Ir | Information ratio | 0.02 |
ASX 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 ASX for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for ASX can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Latest headline from news.google.com: Deep Yellow Limiteds recent 16 percent pullback adds to one-year year losses, institutional owners may take drastic measures - Simply Wall St |
ASX 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 ASX Stock often depends not only on the future outlook of the current and potential ASX'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. ASX's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 193.7 M | |
| Cash And Short Term Investments | 13.4 B |
ASX Technical Analysis
ASX's future price can be derived by breaking down and analyzing its technical indicators over time. ASX Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of ASX. In general, you should focus on analyzing ASX Stock price patterns and their correlations with different microeconomic environments and drivers.
ASX Predictive Forecast Models
ASX's time-series forecasting models is one of many ASX'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 ASX'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 ASX
Checking the ongoing alerts about ASX for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for ASX help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Latest headline from news.google.com: Deep Yellow Limiteds recent 16 percent pullback adds to one-year year losses, institutional owners may take drastic measures - Simply Wall St |
Additional Tools for ASX Stock Analysis
When running ASX's price analysis, check to measure ASX'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 ASX is operating at the current time. Most of ASX's value examination focuses on studying past and present price action to predict the probability of ASX's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ASX's price. Additionally, you may evaluate how the addition of ASX to your portfolios can decrease your overall portfolio volatility.