Bluescope Steel Ltd Stock Probability of Future Pink Sheet Price Finishing Under 67.71

BLSFY Stock  USD 64.53  0.12  0.19%   
BlueScope Steel's future price is the expected price of BlueScope Steel instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of BlueScope Steel Ltd performance during a given time horizon utilizing its historical volatility. Check out BlueScope Steel Backtesting, BlueScope Steel Valuation, BlueScope Steel Correlation, BlueScope Steel Hype Analysis, BlueScope Steel Volatility, BlueScope Steel History as well as BlueScope Steel Performance.
  
Please specify BlueScope Steel's target price for which you would like BlueScope Steel odds to be computed.

BlueScope Steel Target Price Odds to finish below 67.71

The tendency of BlueScope Pink Sheet 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 PriceHorizonTarget PriceOdds to stay under $ 67.71  after 90 days
 64.53 90 days 67.71 
about 29.97
Based on a normal probability distribution, the odds of BlueScope Steel to stay under $ 67.71  after 90 days from now is about 29.97 (This BlueScope Steel Ltd probability density function shows the probability of BlueScope Pink Sheet to fall within a particular range of prices over 90 days) . Probability of BlueScope Steel price to stay between its current price of $ 64.53  and $ 67.71  at the end of the 90-day period is about 19.98 .
Assuming the 90 days horizon BlueScope Steel Ltd has a beta of -0.11 suggesting as returns on the benchmark increase, returns on holding BlueScope Steel are expected to decrease at a much lower rate. During a bear market, however, BlueScope Steel Ltd is likely to outperform the market. Additionally BlueScope Steel Ltd has an alpha of 0.0609, implying that it can generate a 0.0609 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta).
   BlueScope Steel Price Density   
       Price  

Predictive Modules for BlueScope Steel

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as BlueScope Steel. Regardless of method or technology, however, to accurately forecast the pink sheet market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the pink sheet 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.
Hype
Prediction
LowEstimatedHigh
60.8064.5368.26
Details
Intrinsic
Valuation
LowRealHigh
53.0256.7570.98
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as BlueScope Steel. Your research has to be compared to or analyzed against BlueScope Steel's peers to derive any actionable benefits. When done correctly, BlueScope Steel's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in BlueScope Steel.

BlueScope Steel Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. BlueScope Steel is not an exception. The market had few large corrections towards the BlueScope Steel'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 BlueScope Steel Ltd, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of BlueScope Steel within the framework of very fundamental risk indicators.
α
Alpha over Dow Jones
0.06
β
Beta against Dow Jones-0.11
σ
Overall volatility
4.23
Ir
Information ratio -0.01

BlueScope Steel 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 BlueScope Steel for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for BlueScope Steel can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
BlueScope Steel had very high historical volatility over the last 90 days

BlueScope Steel 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 BlueScope Pink Sheet often depends not only on the future outlook of the current and potential BlueScope Steel'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. BlueScope Steel's indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding101.5 M
Cash And Short Term Investments1.7 B

BlueScope Steel Technical Analysis

BlueScope Steel's future price can be derived by breaking down and analyzing its technical indicators over time. BlueScope Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of BlueScope Steel Ltd. In general, you should focus on analyzing BlueScope Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.

BlueScope Steel Predictive Forecast Models

BlueScope Steel's time-series forecasting models is one of many BlueScope Steel's pink sheet 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 BlueScope Steel'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 pink sheet market movement and maximize returns from investment trading.

Things to note about BlueScope Steel

Checking the ongoing alerts about BlueScope Steel for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for BlueScope Steel help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
BlueScope Steel had very high historical volatility over the last 90 days

Additional Tools for BlueScope Pink Sheet Analysis

When running BlueScope Steel's price analysis, check to measure BlueScope Steel'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 BlueScope Steel is operating at the current time. Most of BlueScope Steel's value examination focuses on studying past and present price action to predict the probability of BlueScope Steel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BlueScope Steel's price. Additionally, you may evaluate how the addition of BlueScope Steel to your portfolios can decrease your overall portfolio volatility.