Tongling Nonferrous (China) Probability of Future Stock Price Finishing Over 3.38
| 000630 Stock | 3.29 0.02 0.60% |
Tongling |
Tongling Nonferrous Target Price Odds to finish over 3.38
The tendency of Tongling 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 3.38 or more in 90 days |
| 3.29 | 90 days | 3.38 | about 66.59 |
Based on a normal probability distribution, the odds of Tongling Nonferrous to move over 3.38 or more in 90 days from now is about 66.59 (This Tongling Nonferrous Metals probability density function shows the probability of Tongling Stock to fall within a particular range of prices over 90 days) . Probability of Tongling Nonferrous price to stay between its current price of 3.29 and 3.38 at the end of the 90-day period is about 19.21 .
Assuming the 90 days trading horizon Tongling Nonferrous Metals has a beta of -0.0377. This suggests as returns on the benchmark increase, returns on holding Tongling Nonferrous are expected to decrease at a much lower rate. During a bear market, however, Tongling Nonferrous Metals is likely to outperform the market. Additionally Tongling Nonferrous Metals has an alpha of 0.1179, implying that it can generate a 0.12 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Tongling Nonferrous Price Density |
| Price |
Predictive Modules for Tongling Nonferrous
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Tongling Nonferrous. 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.Tongling Nonferrous Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Tongling Nonferrous is not an exception. The market had few large corrections towards the Tongling Nonferrous' 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 Tongling Nonferrous Metals, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Tongling Nonferrous within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.12 | |
β | Beta against Dow Jones | -0.04 | |
σ | Overall volatility | 0.14 | |
Ir | Information ratio | 0.03 |
Tongling Nonferrous 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 Tongling Nonferrous for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Tongling Nonferrous can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Tongling Nonferrous generated a negative expected return over the last 90 days | |
| Tongling Nonferrous is unlikely to experience financial distress in the next 2 years | |
| About 50.0% of the company shares are owned by insiders or employees |
Tongling Nonferrous 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 Tongling Stock often depends not only on the future outlook of the current and potential Tongling Nonferrous' 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. Tongling Nonferrous' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 12.7 B |
Tongling Nonferrous Technical Analysis
Tongling Nonferrous' future price can be derived by breaking down and analyzing its technical indicators over time. Tongling Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Tongling Nonferrous Metals. In general, you should focus on analyzing Tongling Stock price patterns and their correlations with different microeconomic environments and drivers.
Tongling Nonferrous Predictive Forecast Models
Tongling Nonferrous' time-series forecasting models is one of many Tongling Nonferrous' 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 Tongling Nonferrous' 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 Tongling Nonferrous
Checking the ongoing alerts about Tongling Nonferrous for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Tongling Nonferrous help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Tongling Nonferrous generated a negative expected return over the last 90 days | |
| Tongling Nonferrous is unlikely to experience financial distress in the next 2 years | |
| About 50.0% of the company shares are owned by insiders or employees |
Other Information on Investing in Tongling Stock
Tongling Nonferrous financial ratios help investors to determine whether Tongling 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 Tongling with respect to the benefits of owning Tongling Nonferrous security.