Shenyang Chemical (China) Probability of Future Stock Price Finishing Over 3.42
| 000698 Stock | 3.42 0.04 1.18% |
Shenyang |
Shenyang Chemical Target Price Odds to finish over 3.42
The tendency of Shenyang 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 above the current price in 90 days |
| 3.42 | 90 days | 3.42 | about 46.68 |
Based on a normal probability distribution, the odds of Shenyang Chemical to move above the current price in 90 days from now is about 46.68 (This Shenyang Chemical Industry probability density function shows the probability of Shenyang Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon Shenyang Chemical Industry has a beta of -0.12. This suggests as returns on the benchmark increase, returns on holding Shenyang Chemical are expected to decrease at a much lower rate. During a bear market, however, Shenyang Chemical Industry is likely to outperform the market. Additionally Shenyang Chemical Industry has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Shenyang Chemical Price Density |
| Price |
Predictive Modules for Shenyang Chemical
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Shenyang Chemical. 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.Shenyang Chemical Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Shenyang Chemical is not an exception. The market had few large corrections towards the Shenyang Chemical'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 Shenyang Chemical Industry, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Shenyang Chemical within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.2 | |
β | Beta against Dow Jones | -0.12 | |
σ | Overall volatility | 0.24 | |
Ir | Information ratio | -0.04 |
Shenyang Chemical 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 Shenyang Chemical for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Shenyang Chemical can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Shenyang Chemical generated a negative expected return over the last 90 days | |
| Shenyang Chemical has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 5.28 B. Net Loss for the year was (458.24 M) with profit before overhead, payroll, taxes, and interest of 327.51 M. | |
| Shenyang Chemical generates negative cash flow from operations | |
| About 53.0% of the company shares are owned by insiders or employees |
Shenyang Chemical 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 Shenyang Stock often depends not only on the future outlook of the current and potential Shenyang Chemical'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. Shenyang Chemical's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 819.5 M |
Shenyang Chemical Technical Analysis
Shenyang Chemical's future price can be derived by breaking down and analyzing its technical indicators over time. Shenyang Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Shenyang Chemical Industry. In general, you should focus on analyzing Shenyang Stock price patterns and their correlations with different microeconomic environments and drivers.
Shenyang Chemical Predictive Forecast Models
Shenyang Chemical's time-series forecasting models is one of many Shenyang Chemical'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 Shenyang Chemical'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 Shenyang Chemical
Checking the ongoing alerts about Shenyang Chemical for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Shenyang Chemical help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Shenyang Chemical generated a negative expected return over the last 90 days | |
| Shenyang Chemical has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 5.28 B. Net Loss for the year was (458.24 M) with profit before overhead, payroll, taxes, and interest of 327.51 M. | |
| Shenyang Chemical generates negative cash flow from operations | |
| About 53.0% of the company shares are owned by insiders or employees |
Other Information on Investing in Shenyang Stock
Shenyang Chemical financial ratios help investors to determine whether Shenyang 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 Shenyang with respect to the benefits of owning Shenyang Chemical security.