Tribhovandas Bhimji (India) Probability of Future Stock Price Finishing Over 258.78
| TBZ Stock | 238.58 9.16 3.70% |
Tribhovandas |
Tribhovandas Bhimji Target Price Odds to finish over 258.78
The tendency of Tribhovandas 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 258.78 or more in 90 days |
| 238.58 | 90 days | 258.78 | about 58.31 |
Based on a normal probability distribution, the odds of Tribhovandas Bhimji to move over 258.78 or more in 90 days from now is about 58.31 (This Tribhovandas Bhimji Zaveri probability density function shows the probability of Tribhovandas Stock to fall within a particular range of prices over 90 days) . Probability of Tribhovandas Bhimji price to stay between its current price of 238.58 and 258.78 at the end of the 90-day period is about 28.91 .
Assuming the 90 days trading horizon Tribhovandas Bhimji Zaveri has a beta of -0.0524. This usually implies as returns on the benchmark increase, returns on holding Tribhovandas Bhimji are expected to decrease at a much lower rate. During a bear market, however, Tribhovandas Bhimji Zaveri is likely to outperform the market. Additionally Tribhovandas Bhimji Zaveri 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. Tribhovandas Bhimji Price Density |
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Predictive Modules for Tribhovandas Bhimji
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Tribhovandas Bhimji. 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.Tribhovandas Bhimji Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Tribhovandas Bhimji is not an exception. The market had few large corrections towards the Tribhovandas Bhimji'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 Tribhovandas Bhimji Zaveri, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Tribhovandas Bhimji within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.2 | |
β | Beta against Dow Jones | -0.05 | |
σ | Overall volatility | 21.79 | |
Ir | Information ratio | -0.07 |
Tribhovandas Bhimji 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 Tribhovandas Bhimji for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Tribhovandas Bhimji can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Tribhovandas Bhimji generated a negative expected return over the last 90 days | |
| Tribhovandas Bhimji has high historical volatility and very poor performance | |
| Tribhovandas Bhimji is unlikely to experience financial distress in the next 2 years | |
| About 79.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: We Think Tribhovandas Bhimji Zaveri Is Taking Some Risk With Its Debt - Simply Wall St |
Tribhovandas Bhimji 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 Tribhovandas Stock often depends not only on the future outlook of the current and potential Tribhovandas Bhimji'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. Tribhovandas Bhimji's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 66.7 M | |
| Cash And Short Term Investments | 496.7 M |
Tribhovandas Bhimji Technical Analysis
Tribhovandas Bhimji's future price can be derived by breaking down and analyzing its technical indicators over time. Tribhovandas Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Tribhovandas Bhimji Zaveri. In general, you should focus on analyzing Tribhovandas Stock price patterns and their correlations with different microeconomic environments and drivers.
Tribhovandas Bhimji Predictive Forecast Models
Tribhovandas Bhimji's time-series forecasting models is one of many Tribhovandas Bhimji'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 Tribhovandas Bhimji'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 Tribhovandas Bhimji
Checking the ongoing alerts about Tribhovandas Bhimji for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Tribhovandas Bhimji help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Tribhovandas Bhimji generated a negative expected return over the last 90 days | |
| Tribhovandas Bhimji has high historical volatility and very poor performance | |
| Tribhovandas Bhimji is unlikely to experience financial distress in the next 2 years | |
| About 79.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: We Think Tribhovandas Bhimji Zaveri Is Taking Some Risk With Its Debt - Simply Wall St |
Other Information on Investing in Tribhovandas Stock
Tribhovandas Bhimji financial ratios help investors to determine whether Tribhovandas 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 Tribhovandas with respect to the benefits of owning Tribhovandas Bhimji security.