Amaya Leisure (Sri Lanka) Probability of Future Stock Price Finishing Under 28.91
| CONNN0000 | LKR 32.00 0.30 0.95% |
Amaya |
Amaya Leisure Target Price Odds to finish below 28.91
The tendency of Amaya 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 28.91 or more in 90 days |
| 32.00 | 90 days | 28.91 | about 88.07 |
Based on a normal probability distribution, the odds of Amaya Leisure to drop to 28.91 or more in 90 days from now is about 88.07 (This Amaya Leisure PLC probability density function shows the probability of Amaya Stock to fall within a particular range of prices over 90 days) . Probability of Amaya Leisure PLC price to stay between 28.91 and its current price of 32.0 at the end of the 90-day period is about 8.47 .
Assuming the 90 days trading horizon Amaya Leisure PLC has a beta of -0.49 suggesting as returns on the benchmark increase, returns on holding Amaya Leisure are expected to decrease at a much lower rate. During a bear market, however, Amaya Leisure PLC is likely to outperform the market. Additionally Amaya Leisure PLC has an alpha of 0.9549, implying that it can generate a 0.95 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Amaya Leisure Price Density |
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Predictive Modules for Amaya Leisure
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Amaya Leisure PLC. 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.Amaya Leisure Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Amaya Leisure is not an exception. The market had few large corrections towards the Amaya Leisure'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 Amaya Leisure PLC, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Amaya Leisure within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.95 | |
β | Beta against Dow Jones | -0.49 | |
σ | Overall volatility | 4.80 | |
Ir | Information ratio | 0.27 |
Amaya Leisure 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 Amaya Leisure for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Amaya Leisure PLC can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Amaya Leisure PLC appears to be risky and price may revert if volatility continues |
Amaya Leisure Technical Analysis
Amaya Leisure's future price can be derived by breaking down and analyzing its technical indicators over time. Amaya Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Amaya Leisure PLC. In general, you should focus on analyzing Amaya Stock price patterns and their correlations with different microeconomic environments and drivers.
Amaya Leisure Predictive Forecast Models
Amaya Leisure's time-series forecasting models is one of many Amaya Leisure'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 Amaya Leisure'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 Amaya Leisure PLC
Checking the ongoing alerts about Amaya Leisure for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Amaya Leisure PLC help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Amaya Leisure PLC appears to be risky and price may revert if volatility continues |
Other Information on Investing in Amaya Stock
Amaya Leisure financial ratios help investors to determine whether Amaya 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 Amaya with respect to the benefits of owning Amaya Leisure security.