Can Fin (India) Odds of Future Stock Price Finishing Over 831.83
| CANFINHOME | 823.95 0.95 0.12% |
Can |
Can Fin Target Price Odds to finish over 831.83
The tendency of Can 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 831.83 or more in 90 days |
| 823.95 | 90 days | 831.83 | about 89.98 |
Based on a normal probability distribution, the odds of Can Fin to move over 831.83 or more in 90 days from now is about 89.98 (This Can Fin Homes probability density function shows the probability of Can Stock to fall within a particular range of prices over 90 days) . Probability of Can Fin Homes price to stay between its current price of 823.95 and 831.83 at the end of the 90-day period is nearly 4.61 .
Assuming the 90 days trading horizon Can Fin has a beta of 0.27 suggesting as returns on the market go up, Can Fin average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Can Fin Homes will be expected to be much smaller as well. Additionally Can Fin Homes 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. Can Fin Price Density |
| Price |
Predictive Modules for Can Fin
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Can Fin Homes. 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.Can Fin Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Can Fin is not an exception. The market had few large corrections towards the Can Fin'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 Can Fin Homes, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Can Fin within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.09 | |
β | Beta against Dow Jones | 0.27 | |
σ | Overall volatility | 24.14 | |
Ir | Information ratio | -0.1 |
Can Fin 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 Can Fin for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Can Fin Homes can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Can Fin Homes generated a negative expected return over the last 90 days | |
| Can Fin Homes is unlikely to experience financial distress in the next 2 years | |
| Can Fin Homes has accumulated about 18.76 M in cash with (25.7 B) of positive cash flow from operations. | |
| Roughly 39.0% of the company shares are held by company insiders |
Can Fin 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 Can Stock often depends not only on the future outlook of the current and potential Can Fin'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. Can Fin's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 133.2 M | |
| Cash And Short Term Investments | 4.6 B |
Can Fin Technical Analysis
Can Fin's future price can be derived by breaking down and analyzing its technical indicators over time. Can Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Can Fin Homes. In general, you should focus on analyzing Can Stock price patterns and their correlations with different microeconomic environments and drivers.
Can Fin Predictive Forecast Models
Can Fin's time-series forecasting models is one of many Can Fin'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 Can Fin'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 Can Fin Homes
Checking the ongoing alerts about Can Fin for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Can Fin Homes help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Can Fin Homes generated a negative expected return over the last 90 days | |
| Can Fin Homes is unlikely to experience financial distress in the next 2 years | |
| Can Fin Homes has accumulated about 18.76 M in cash with (25.7 B) of positive cash flow from operations. | |
| Roughly 39.0% of the company shares are held by company insiders |
Other Information on Investing in Can Stock
Can Fin financial ratios help investors to determine whether Can 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 Can with respect to the benefits of owning Can Fin security.