Jindal Stainless (India) Probability of Future Stock Price Finishing Under 731.71
| JSL Stock | 733.85 3.85 0.53% |
Jindal |
Jindal Stainless Target Price Odds to finish below 731.71
The tendency of Jindal 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 731.71 or more in 90 days |
| 733.85 | 90 days | 731.71 | about 59.22 |
Based on a normal probability distribution, the odds of Jindal Stainless to drop to 731.71 or more in 90 days from now is about 59.22 (This Jindal Stainless Limited probability density function shows the probability of Jindal Stock to fall within a particular range of prices over 90 days) . Probability of Jindal Stainless price to stay between 731.71 and its current price of 733.85 at the end of the 90-day period is roughly 2.1 .
Assuming the 90 days trading horizon Jindal Stainless has a beta of 0.26. This indicates as returns on the market go up, Jindal Stainless average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Jindal Stainless Limited will be expected to be much smaller as well. Additionally Jindal Stainless 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. Jindal Stainless Price Density |
| Price |
Predictive Modules for Jindal Stainless
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Jindal Stainless. 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.Jindal Stainless Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Jindal Stainless is not an exception. The market had few large corrections towards the Jindal Stainless' 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 Jindal Stainless Limited, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Jindal Stainless within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.0097 | |
β | Beta against Dow Jones | 0.26 | |
σ | Overall volatility | 39.25 | |
Ir | Information ratio | -0.02 |
Jindal Stainless 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 Jindal Stainless for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Jindal Stainless can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Jindal Stainless generated a negative expected return over the last 90 days | |
| Jindal Stainless is unlikely to experience financial distress in the next 2 years | |
| About 64.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Stock market Santa rally next 8 stocks to watch in next 3 weeks - Business Today |
Jindal Stainless 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 Jindal Stock often depends not only on the future outlook of the current and potential Jindal Stainless' 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. Jindal Stainless' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 823.8 M | |
| Cash And Short Term Investments | 18.7 B |
Jindal Stainless Technical Analysis
Jindal Stainless' future price can be derived by breaking down and analyzing its technical indicators over time. Jindal Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Jindal Stainless Limited. In general, you should focus on analyzing Jindal Stock price patterns and their correlations with different microeconomic environments and drivers.
Jindal Stainless Predictive Forecast Models
Jindal Stainless' time-series forecasting models is one of many Jindal Stainless' 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 Jindal Stainless' 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 Jindal Stainless
Checking the ongoing alerts about Jindal Stainless for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Jindal Stainless help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Jindal Stainless generated a negative expected return over the last 90 days | |
| Jindal Stainless is unlikely to experience financial distress in the next 2 years | |
| About 64.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Stock market Santa rally next 8 stocks to watch in next 3 weeks - Business Today |
Other Information on Investing in Jindal Stock
Jindal Stainless financial ratios help investors to determine whether Jindal 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 Jindal with respect to the benefits of owning Jindal Stainless security.