Azure Power Global Stock Probability of Future Pink Sheet Price Finishing Over 0.5
| AZREF Stock | 0.50 0.10 16.67% |
Azure |
Azure Power Target Price Odds to finish over 0.5
The tendency of Azure Pink Sheet 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 above the current price in 90 days |
| 0.50 | 90 days | 0.50 | about 77.34 |
Based on a normal probability distribution, the odds of Azure Power to move above the current price in 90 days from now is about 77.34 (This Azure Power Global probability density function shows the probability of Azure Pink Sheet to fall within a particular range of prices over 90 days) .
Assuming the 90 days horizon Azure Power has a beta of 0.0222. This suggests as returns on the market go up, Azure Power average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Azure Power Global will be expected to be much smaller as well. Additionally Azure Power Global has an alpha of 0.3631, implying that it can generate a 0.36 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Azure Power Price Density |
| Price |
Predictive Modules for Azure Power
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Azure Power Global. Regardless of method or technology, however, to accurately forecast the pink sheet market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the pink sheet 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 Azure Power's 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.
Azure Power Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Azure Power is not an exception. The market had few large corrections towards the Azure Power'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 Azure Power Global, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Azure Power within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.36 | |
β | Beta against Dow Jones | 0.02 | |
σ | Overall volatility | 0.16 | |
Ir | Information ratio | 0.01 |
Azure Power 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 Azure Power for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Azure Power Global can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Azure Power Global is way too risky over 90 days horizon | |
| Azure Power Global has some characteristics of a very speculative penny stock | |
| Azure Power Global appears to be risky and price may revert if volatility continues |
Azure Power Technical Analysis
Azure Power's future price can be derived by breaking down and analyzing its technical indicators over time. Azure Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Azure Power Global. In general, you should focus on analyzing Azure Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
Azure Power Predictive Forecast Models
Azure Power's time-series forecasting models is one of many Azure Power's pink sheet 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 Azure Power'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 pink sheet market movement and maximize returns from investment trading.
Things to note about Azure Power Global
Checking the ongoing alerts about Azure Power for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Azure Power Global help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Azure Power Global is way too risky over 90 days horizon | |
| Azure Power Global has some characteristics of a very speculative penny stock | |
| Azure Power Global appears to be risky and price may revert if volatility continues |