Kandy Hotels (Sri Lanka) Probability of Future Stock Price Finishing Under 11.22
| KHCN0000 | LKR 13.20 0.10 0.76% |
Kandy |
Kandy Hotels Target Price Odds to finish below 11.22
The tendency of Kandy 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 11.22 or more in 90 days |
| 13.20 | 90 days | 11.22 | about 90.18 |
Based on a normal probability distribution, the odds of Kandy Hotels to drop to 11.22 or more in 90 days from now is about 90.18 (This Kandy Hotels probability density function shows the probability of Kandy Stock to fall within a particular range of prices over 90 days) . Probability of Kandy Hotels price to stay between 11.22 and its current price of 13.2 at the end of the 90-day period is about 8.94 .
Assuming the 90 days trading horizon Kandy Hotels has a beta of 0.1. This indicates as returns on the market go up, Kandy Hotels average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Kandy Hotels will be expected to be much smaller as well. Additionally Kandy Hotels has an alpha of 0.8727, implying that it can generate a 0.87 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Kandy Hotels Price Density |
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Predictive Modules for Kandy Hotels
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Kandy Hotels. 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.Kandy Hotels Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Kandy Hotels is not an exception. The market had few large corrections towards the Kandy Hotels' 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 Kandy Hotels, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Kandy Hotels within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.87 | |
β | Beta against Dow Jones | 0.10 | |
σ | Overall volatility | 1.80 | |
Ir | Information ratio | 0.24 |
Kandy Hotels 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 Kandy Hotels for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Kandy Hotels can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Kandy Hotels appears to be risky and price may revert if volatility continues |
Kandy Hotels Technical Analysis
Kandy Hotels' future price can be derived by breaking down and analyzing its technical indicators over time. Kandy Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Kandy Hotels. In general, you should focus on analyzing Kandy Stock price patterns and their correlations with different microeconomic environments and drivers.
Kandy Hotels Predictive Forecast Models
Kandy Hotels' time-series forecasting models is one of many Kandy Hotels' 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 Kandy Hotels' 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 Kandy Hotels
Checking the ongoing alerts about Kandy Hotels for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Kandy Hotels help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Kandy Hotels appears to be risky and price may revert if volatility continues |
Other Information on Investing in Kandy Stock
Kandy Hotels financial ratios help investors to determine whether Kandy 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 Kandy with respect to the benefits of owning Kandy Hotels security.