Axis Bank (UK) Probability of Future Stock Price Finishing Over 68.4
| AXB Stock | USD 68.00 0.60 0.87% |
Axis |
Axis Bank Target Price Odds to finish over 68.4
The tendency of Axis 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 $ 68.40 or more in 90 days |
| 68.00 | 90 days | 68.40 | about 6.12 |
Based on a normal probability distribution, the odds of Axis Bank to move over $ 68.40 or more in 90 days from now is about 6.12 (This Axis Bank Ltd probability density function shows the probability of Axis Stock to fall within a particular range of prices over 90 days) . Probability of Axis Bank price to stay between its current price of $ 68.00 and $ 68.40 at the end of the 90-day period is roughly 2.62 .
Assuming the 90 days trading horizon Axis Bank has a beta of 0.14. This suggests as returns on the market go up, Axis Bank average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Axis Bank Ltd will be expected to be much smaller as well. Additionally Axis Bank Ltd has an alpha of 0.0437, implying that it can generate a 0.0437 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Axis Bank Price Density |
| Price |
Predictive Modules for Axis Bank
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Axis Bank. 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 Axis Bank'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.
Axis Bank Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Axis Bank is not an exception. The market had few large corrections towards the Axis Bank'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 Axis Bank Ltd, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Axis Bank within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.04 | |
β | Beta against NYSE Composite | 0.14 | |
σ | Overall volatility | 2.13 | |
Ir | Information ratio | -0.01 |
Axis Bank 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 Axis Bank for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Axis Bank can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Axis Bank generates negative cash flow from operations | |
| Latest headline from news.google.com: Axis Bank Share Price LIVE Updates down 2.14 percent in 5 days, where is the stock headed - Business Today |
Axis Bank 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 Axis Stock often depends not only on the future outlook of the current and potential Axis Bank'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. Axis Bank's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 3.1 B |
Axis Bank Technical Analysis
Axis Bank's future price can be derived by breaking down and analyzing its technical indicators over time. Axis Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Axis Bank Ltd. In general, you should focus on analyzing Axis Stock price patterns and their correlations with different microeconomic environments and drivers.
Axis Bank Predictive Forecast Models
Axis Bank's time-series forecasting models is one of many Axis Bank'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 Axis Bank'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 Axis Bank
Checking the ongoing alerts about Axis Bank for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Axis Bank help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Axis Bank generates negative cash flow from operations | |
| Latest headline from news.google.com: Axis Bank Share Price LIVE Updates down 2.14 percent in 5 days, where is the stock headed - Business Today |
Check out Axis Bank Backtesting, Axis Bank Valuation, Axis Bank Correlation, Axis Bank Hype Analysis, Axis Bank Volatility, Axis Bank History as well as Axis Bank Performance. Note that the Axis Bank information on this page should be used as a complementary analysis to other Axis Bank'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 Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
Complementary Tools for Axis Stock analysis
When running Axis Bank's price analysis, check to measure Axis Bank'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 Axis Bank is operating at the current time. Most of Axis Bank's value examination focuses on studying past and present price action to predict the probability of Axis Bank's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Axis Bank's price. Additionally, you may evaluate how the addition of Axis Bank to your portfolios can decrease your overall portfolio volatility.
| Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments |