Elecon Engineering (India) Probability of Future Stock Price Finishing Under 453.92
| ELECON Stock | 601.00 7.00 1.15% |
Elecon |
Elecon Engineering Target Price Odds to finish below 453.92
The tendency of Elecon 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 453.92 or more in 90 days |
| 601.00 | 90 days | 453.92 | about 9.98 |
Based on a normal probability distribution, the odds of Elecon Engineering to drop to 453.92 or more in 90 days from now is about 9.98 (This Elecon Engineering probability density function shows the probability of Elecon Stock to fall within a particular range of prices over 90 days) . Probability of Elecon Engineering price to stay between 453.92 and its current price of 601.0 at the end of the 90-day period is about 60.63 .
Assuming the 90 days trading horizon Elecon Engineering has a beta of 0.43 suggesting as returns on the market go up, Elecon Engineering average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Elecon Engineering will be expected to be much smaller as well. Additionally Elecon Engineering has an alpha of 0.7166, implying that it can generate a 0.72 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Elecon Engineering Price Density |
| Price |
Predictive Modules for Elecon Engineering
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Elecon Engineering. 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.Elecon Engineering Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Elecon Engineering is not an exception. The market had few large corrections towards the Elecon Engineering'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 Elecon Engineering, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Elecon Engineering within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.72 | |
β | Beta against Dow Jones | 0.43 | |
σ | Overall volatility | 80.66 | |
Ir | Information ratio | 0.17 |
Elecon Engineering 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 Elecon Engineering for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Elecon Engineering can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Elecon Engineering appears to be risky and price may revert if volatility continues | |
| Elecon Engineering 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: Elecon Engineering Faces Resistance Ahead Of Q1 Results SEBI RA Rohit Mehta Tracks Breakout Potential - Stocktwits |
Elecon Engineering 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 Elecon Stock often depends not only on the future outlook of the current and potential Elecon Engineering'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. Elecon Engineering's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 224.4 M | |
| Cash And Short Term Investments | 7.7 B |
Elecon Engineering Technical Analysis
Elecon Engineering's future price can be derived by breaking down and analyzing its technical indicators over time. Elecon Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Elecon Engineering. In general, you should focus on analyzing Elecon Stock price patterns and their correlations with different microeconomic environments and drivers.
Elecon Engineering Predictive Forecast Models
Elecon Engineering's time-series forecasting models is one of many Elecon Engineering'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 Elecon Engineering'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 Elecon Engineering
Checking the ongoing alerts about Elecon Engineering for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Elecon Engineering help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Elecon Engineering appears to be risky and price may revert if volatility continues | |
| Elecon Engineering 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: Elecon Engineering Faces Resistance Ahead Of Q1 Results SEBI RA Rohit Mehta Tracks Breakout Potential - Stocktwits |
Other Information on Investing in Elecon Stock
Elecon Engineering financial ratios help investors to determine whether Elecon 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 Elecon with respect to the benefits of owning Elecon Engineering security.