Charan Insurance (Thailand) Probability of Future Stock Price Finishing Under 23.4
| CHARAN Stock | THB 23.90 0.40 1.70% |
Charan |
Charan Insurance Target Price Odds to finish below 23.4
The tendency of Charan 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 23.40 or more in 90 days |
| 23.90 | 90 days | 23.40 | about 16.23 |
Based on a normal probability distribution, the odds of Charan Insurance to drop to 23.40 or more in 90 days from now is about 16.23 (This Charan Insurance Public probability density function shows the probability of Charan Stock to fall within a particular range of prices over 90 days) . Probability of Charan Insurance Public price to stay between 23.40 and its current price of 23.9 at the end of the 90-day period is about 66.37 .
Assuming the 90 days trading horizon Charan Insurance Public has a beta of -0.11 suggesting as returns on the benchmark increase, returns on holding Charan Insurance are expected to decrease at a much lower rate. During a bear market, however, Charan Insurance Public is likely to outperform the market. Additionally Charan Insurance Public has an alpha of 0.014, implying that it can generate a 0.014 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Charan Insurance Price Density |
| Price |
Predictive Modules for Charan Insurance
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Charan Insurance Public. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Charan Insurance'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.
Charan Insurance Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Charan Insurance is not an exception. The market had few large corrections towards the Charan Insurance'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 Charan Insurance Public, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Charan Insurance within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.01 | |
β | Beta against NYSE Composite | -0.11 | |
σ | Overall volatility | 0.26 | |
Ir | Information ratio | -0.07 |
Charan Insurance 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 Charan Insurance for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Charan Insurance Public can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Charan Insurance generated a negative expected return over the last 90 days | |
| Charan Insurance has high likelihood to experience some financial distress in the next 2 years | |
| The company has a current ratio of 0.46, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Charan Insurance until it has trouble settling it off, either with new capital or with free cash flow. So, Charan Insurance's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Charan Insurance Public sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Charan to invest in growth at high rates of return. When we think about Charan Insurance's use of debt, we should always consider it together with cash and equity. | |
| Charan Insurance Public reported the revenue of 163.55 M. Net Loss for the year was (28.31 M) with profit before overhead, payroll, taxes, and interest of 3.36 M. | |
| About 53.0% of the company shares are held by company insiders |
Charan Insurance 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 Charan Stock often depends not only on the future outlook of the current and potential Charan Insurance'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. Charan Insurance's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 12 M |
Charan Insurance Technical Analysis
Charan Insurance's future price can be derived by breaking down and analyzing its technical indicators over time. Charan Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Charan Insurance Public. In general, you should focus on analyzing Charan Stock price patterns and their correlations with different microeconomic environments and drivers.
Charan Insurance Predictive Forecast Models
Charan Insurance's time-series forecasting models is one of many Charan Insurance'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 Charan Insurance'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 Charan Insurance Public
Checking the ongoing alerts about Charan Insurance for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Charan Insurance Public help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Charan Insurance generated a negative expected return over the last 90 days | |
| Charan Insurance has high likelihood to experience some financial distress in the next 2 years | |
| The company has a current ratio of 0.46, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Charan Insurance until it has trouble settling it off, either with new capital or with free cash flow. So, Charan Insurance's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Charan Insurance Public sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Charan to invest in growth at high rates of return. When we think about Charan Insurance's use of debt, we should always consider it together with cash and equity. | |
| Charan Insurance Public reported the revenue of 163.55 M. Net Loss for the year was (28.31 M) with profit before overhead, payroll, taxes, and interest of 3.36 M. | |
| About 53.0% of the company shares are held by company insiders |
Check out Charan Insurance Backtesting, Charan Insurance Valuation, Charan Insurance Correlation, Charan Insurance Hype Analysis, Charan Insurance Volatility, Charan Insurance History as well as Charan Insurance Performance. Note that the Charan Insurance Public information on this page should be used as a complementary analysis to other Charan Insurance's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
Complementary Tools for Charan Stock analysis
When running Charan Insurance's price analysis, check to measure Charan Insurance's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Charan Insurance is operating at the current time. Most of Charan Insurance's value examination focuses on studying past and present price action to predict the probability of Charan Insurance's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Charan Insurance's price. Additionally, you may evaluate how the addition of Charan Insurance to your portfolios can decrease your overall portfolio volatility.
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