Highway Holdings Limited Stock Probability of Future Stock Price Finishing Over 7.35
| HIHO Stock | USD 2.05 0.05 2.38% |
Highway |
Highway Holdings Target Price Odds to finish over 7.35
The tendency of Highway 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 $ 7.35 or more in 90 days |
| 2.05 | 90 days | 7.35 | close to zero percent |
Based on a normal probability distribution, the odds of Highway Holdings to move over $ 7.35 or more in 90 days from now is close to zero percent (This Highway Holdings Limited probability density function shows the probability of Highway Stock to fall within a particular range of prices over 90 days) . Probability of Highway Holdings price to stay between its current price of $ 2.05 and $ 7.35 at the end of the 90-day period is about 42.96 .
Given the investment horizon of 90 days Highway Holdings Limited has a beta of -0.0681. This usually indicates as returns on the benchmark increase, returns on holding Highway Holdings are expected to decrease at a much lower rate. During a bear market, however, Highway Holdings Limited is likely to outperform the market. Additionally Highway Holdings Limited has an alpha of 0.1079, implying that it can generate a 0.11 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Highway Holdings Price Density |
| Price |
Predictive Modules for Highway Holdings
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Highway Holdings. 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 Highway Holdings' 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.
Highway Holdings Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Highway Holdings is not an exception. The market had few large corrections towards the Highway Holdings' 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 Highway Holdings Limited, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Highway Holdings within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.11 | |
β | Beta against NYSE Composite | -0.07 | |
σ | Overall volatility | 0.06 | |
Ir | Information ratio | 0.02 |
Highway Holdings 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 Highway Holdings for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Highway Holdings can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| The company reported the previous year's revenue of 10.24 M. Net Loss for the year was (293 K) with profit before overhead, payroll, taxes, and interest of 3.14 M. | |
| About 40.0% of the company shares are held by company insiders | |
| On 3rd of May 2024 Highway Holdings paid $ 0.05 per share dividend to its current shareholders | |
| Latest headline from news.google.com: Theres No Escaping Freetech Road Recycling Technology Limiteds Muted Revenues Despite A 26 percent Share Price Rise - Simply Wall St |
Highway Holdings 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 Highway Stock often depends not only on the future outlook of the current and potential Highway Holdings' 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. Highway Holdings' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 4.1 M | |
| Cash And Short Term Investments | 7 M |
Highway Holdings Technical Analysis
Highway Holdings' future price can be derived by breaking down and analyzing its technical indicators over time. Highway Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Highway Holdings Limited. In general, you should focus on analyzing Highway Stock price patterns and their correlations with different microeconomic environments and drivers.
Highway Holdings Predictive Forecast Models
Highway Holdings' time-series forecasting models is one of many Highway Holdings' 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 Highway Holdings' 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 Highway Holdings
Checking the ongoing alerts about Highway Holdings for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Highway Holdings help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| The company reported the previous year's revenue of 10.24 M. Net Loss for the year was (293 K) with profit before overhead, payroll, taxes, and interest of 3.14 M. | |
| About 40.0% of the company shares are held by company insiders | |
| On 3rd of May 2024 Highway Holdings paid $ 0.05 per share dividend to its current shareholders | |
| Latest headline from news.google.com: Theres No Escaping Freetech Road Recycling Technology Limiteds Muted Revenues Despite A 26 percent Share Price Rise - Simply Wall St |
Check out Highway Holdings Backtesting, Highway Holdings Valuation, Highway Holdings Correlation, Highway Holdings Hype Analysis, Highway Holdings Volatility, Highway Holdings History as well as Highway Holdings Performance. Note that the Highway Holdings information on this page should be used as a complementary analysis to other Highway Holdings' 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 Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Complementary Tools for Highway Stock analysis
When running Highway Holdings' price analysis, check to measure Highway Holdings' 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 Highway Holdings is operating at the current time. Most of Highway Holdings' value examination focuses on studying past and present price action to predict the probability of Highway Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Highway Holdings' price. Additionally, you may evaluate how the addition of Highway Holdings to your portfolios can decrease your overall portfolio volatility.
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Is Highway Holdings' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Highway Holdings. If investors know Highway will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Highway Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 5.885 | Dividend Share 0.2 | Earnings Share (0.23) | Revenue Per Share 1.987 | Quarterly Revenue Growth 0.603 |
The market value of Highway Holdings is measured differently than its book value, which is the value of Highway that is recorded on the company's balance sheet. Investors also form their own opinion of Highway Holdings' value that differs from its market value or its book value, called intrinsic value, which is Highway Holdings' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Highway Holdings' market value can be influenced by many factors that don't directly affect Highway Holdings' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Highway Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Highway Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Highway Holdings' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.