ASX (Germany) Chance of Future Stock Price Finishing Under 37.26
| AUX Stock | EUR 38.60 0.00 0.00% |
ASX |
ASX Target Price Odds to finish below 37.26
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 € 37.26 or more in 90 days |
| 38.60 | 90 days | 37.26 | near 1 |
Based on a normal probability distribution, the odds of ASX to drop to € 37.26 or more in 90 days from now is near 1 (This ASX Limited probability density function shows the probability of ASX Stock to fall within a particular range of prices over 90 days) . Probability of ASX Limited price to stay between € 37.26 and its current price of €38.6 at the end of the 90-day period is about 10.72 .
Assuming the 90 days horizon ASX has a beta of 0.36. 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 Limited will be expected to be much smaller as well. Additionally ASX Limited has an alpha of 0.0179, implying that it can generate a 0.0179 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 Limited. 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 Limited, 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 | 0.02 | |
β | Beta against Dow Jones | 0.36 | |
σ | Overall volatility | 0.97 | |
Ir | Information ratio | -0.0033 |
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 | 193.6 M |
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 Limited. 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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards ASX in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, ASX's short interest history, or implied volatility extrapolated from ASX options trading.
Other Information on Investing in ASX Stock
ASX financial ratios help investors to determine whether ASX 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 ASX with respect to the benefits of owning ASX security.