Bendigo (Australia) Odds of Future Stock Price Finishing Over 14.23
| BEN Stock | 13.19 0.09 0.68% |
Bendigo |
Bendigo Target Price Odds to finish over 14.23
The tendency of Bendigo 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 over 14.23 or more in 90 days |
| 13.19 | 90 days | 14.23 | about 1.03 |
Based on a normal probability distribution, the odds of Bendigo to move over 14.23 or more in 90 days from now is about 1.03 (This Bendigo And Adelaide probability density function shows the probability of Bendigo Stock to fall within a particular range of prices over 90 days) . Probability of Bendigo And Adelaide price to stay between its current price of 13.19 and 14.23 at the end of the 90-day period is about 19.33 .
Assuming the 90 days trading horizon Bendigo And Adelaide has a beta of -0.13 suggesting as returns on the benchmark increase, returns on holding Bendigo are expected to decrease at a much lower rate. During a bear market, however, Bendigo And Adelaide is likely to outperform the market. Additionally Bendigo And Adelaide has an alpha of 0.149, implying that it can generate a 0.15 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Bendigo Price Density |
| Price |
Predictive Modules for Bendigo
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Bendigo And Adelaide. 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.Bendigo Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Bendigo is not an exception. The market had few large corrections towards the Bendigo'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 Bendigo And Adelaide, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Bendigo within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.15 | |
β | Beta against Dow Jones | -0.13 | |
σ | Overall volatility | 0.70 | |
Ir | Information ratio | 0.11 |
Bendigo 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 Bendigo for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Bendigo And Adelaide can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Bendigo And Adelaide is unlikely to experience financial distress in the next 2 years | |
| Bendigo generates negative cash flow from operations | |
| Latest headline from news.google.com: ASX Dividend Stocks Spotlight Bendigo and Adelaide Bank and Two More - Yahoo Finance UK |
Bendigo 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 Bendigo Stock often depends not only on the future outlook of the current and potential Bendigo'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. Bendigo's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 662.9 M | |
| Cash And Short Term Investments | 1.9 B |
Bendigo Technical Analysis
Bendigo's future price can be derived by breaking down and analyzing its technical indicators over time. Bendigo Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Bendigo And Adelaide. In general, you should focus on analyzing Bendigo Stock price patterns and their correlations with different microeconomic environments and drivers.
Bendigo Predictive Forecast Models
Bendigo's time-series forecasting models is one of many Bendigo'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 Bendigo'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 Bendigo And Adelaide
Checking the ongoing alerts about Bendigo for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Bendigo And Adelaide help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Bendigo And Adelaide is unlikely to experience financial distress in the next 2 years | |
| Bendigo generates negative cash flow from operations | |
| Latest headline from news.google.com: ASX Dividend Stocks Spotlight Bendigo and Adelaide Bank and Two More - Yahoo Finance UK |
Additional Tools for Bendigo Stock Analysis
When running Bendigo's price analysis, check to measure Bendigo'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 Bendigo is operating at the current time. Most of Bendigo's value examination focuses on studying past and present price action to predict the probability of Bendigo's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bendigo's price. Additionally, you may evaluate how the addition of Bendigo to your portfolios can decrease your overall portfolio volatility.