Globus Spirits (India) Probability of Future Stock Price Finishing Over 892.56
| GLOBUSSPR | 907.25 16.30 1.83% |
Globus |
Globus Spirits Target Price Odds to finish over 892.56
The tendency of Globus 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 stay above 892.56 in 90 days |
| 907.25 | 90 days | 892.56 | about 87.28 |
Based on a normal probability distribution, the odds of Globus Spirits to stay above 892.56 in 90 days from now is about 87.28 (This Globus Spirits Limited probability density function shows the probability of Globus Stock to fall within a particular range of prices over 90 days) . Probability of Globus Spirits price to stay between 892.56 and its current price of 907.25 at the end of the 90-day period is roughly 2.09 .
Assuming the 90 days trading horizon the stock has the beta coefficient of 1.48 . This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Globus Spirits will likely underperform. Additionally Globus Spirits Limited 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. Globus Spirits Price Density |
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Predictive Modules for Globus Spirits
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Globus Spirits. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Globus Spirits' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Globus Spirits Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Globus Spirits is not an exception. The market had few large corrections towards the Globus Spirits' 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 Globus Spirits Limited, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Globus Spirits within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.43 | |
β | Beta against Dow Jones | 1.48 | |
σ | Overall volatility | 154.26 | |
Ir | Information ratio | -0.1 |
Globus Spirits 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 Globus Spirits for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Globus Spirits can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Globus Spirits generated a negative expected return over the last 90 days | |
| Globus Spirits has high historical volatility and very poor performance | |
| Globus Spirits is unlikely to experience financial distress in the next 2 years | |
| About 56.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Globus Spirits Anemic Earnings Might Be Worse Than You Think - Simply Wall St |
Globus Spirits 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 Globus Stock often depends not only on the future outlook of the current and potential Globus Spirits' 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. Globus Spirits' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 28.9 M | |
| Cash And Short Term Investments | 779.2 M |
Globus Spirits Technical Analysis
Globus Spirits' future price can be derived by breaking down and analyzing its technical indicators over time. Globus Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Globus Spirits Limited. In general, you should focus on analyzing Globus Stock price patterns and their correlations with different microeconomic environments and drivers.
Globus Spirits Predictive Forecast Models
Globus Spirits' time-series forecasting models is one of many Globus Spirits' 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 Globus Spirits' 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 Globus Spirits
Checking the ongoing alerts about Globus Spirits for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Globus Spirits help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Globus Spirits generated a negative expected return over the last 90 days | |
| Globus Spirits has high historical volatility and very poor performance | |
| Globus Spirits is unlikely to experience financial distress in the next 2 years | |
| About 56.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Globus Spirits Anemic Earnings Might Be Worse Than You Think - Simply Wall St |
Additional Tools for Globus Stock Analysis
When running Globus Spirits' price analysis, check to measure Globus Spirits' 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 Globus Spirits is operating at the current time. Most of Globus Spirits' value examination focuses on studying past and present price action to predict the probability of Globus Spirits' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Globus Spirits' price. Additionally, you may evaluate how the addition of Globus Spirits to your portfolios can decrease your overall portfolio volatility.