Sinosteel Engineering (China) Probability of Future Stock Price Finishing Under 4.34
| 000928 Stock | 6.88 0.02 0.29% |
Sinosteel |
Sinosteel Engineering Target Price Odds to finish below 4.34
The tendency of Sinosteel 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 4.34 or more in 90 days |
| 6.88 | 90 days | 4.34 | near 1 |
Based on a normal probability distribution, the odds of Sinosteel Engineering to drop to 4.34 or more in 90 days from now is near 1 (This Sinosteel Engineering and probability density function shows the probability of Sinosteel Stock to fall within a particular range of prices over 90 days) . Probability of Sinosteel Engineering and price to stay between 4.34 and its current price of 6.88 at the end of the 90-day period is about 76.83 .
Assuming the 90 days trading horizon Sinosteel Engineering has a beta of 0.37. This suggests as returns on the market go up, Sinosteel Engineering average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Sinosteel Engineering and will be expected to be much smaller as well. Additionally Sinosteel Engineering and has an alpha of 0.3107, implying that it can generate a 0.31 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Sinosteel Engineering Price Density |
| Price |
Predictive Modules for Sinosteel Engineering
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Sinosteel Engineering and. 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.Sinosteel Engineering Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Sinosteel Engineering is not an exception. The market had few large corrections towards the Sinosteel Engineering'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 Sinosteel Engineering and, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Sinosteel Engineering within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.31 | |
β | Beta against Dow Jones | 0.37 | |
σ | Overall volatility | 0.69 | |
Ir | Information ratio | 0.09 |
Sinosteel Engineering 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 Sinosteel Engineering for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Sinosteel Engineering and can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Sinosteel Engineering is unlikely to experience financial distress in the next 2 years | |
| About 49.0% of the company shares are owned by insiders or employees | |
| Latest headline from news.google.com: Sinosteel Engineering Technology Has A Pretty Healthy Balance Sheet - Simply Wall St |
Sinosteel Engineering 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 Sinosteel Stock often depends not only on the future outlook of the current and potential Sinosteel Engineering'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. Sinosteel Engineering's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 1.4 B | |
| Cash And Short Term Investments | 9.7 B |
Sinosteel Engineering Technical Analysis
Sinosteel Engineering's future price can be derived by breaking down and analyzing its technical indicators over time. Sinosteel Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Sinosteel Engineering and. In general, you should focus on analyzing Sinosteel Stock price patterns and their correlations with different microeconomic environments and drivers.
Sinosteel Engineering Predictive Forecast Models
Sinosteel Engineering's time-series forecasting models is one of many Sinosteel Engineering'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 Sinosteel Engineering'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 Sinosteel Engineering and
Checking the ongoing alerts about Sinosteel Engineering for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Sinosteel Engineering and help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Sinosteel Engineering is unlikely to experience financial distress in the next 2 years | |
| About 49.0% of the company shares are owned by insiders or employees | |
| Latest headline from news.google.com: Sinosteel Engineering Technology Has A Pretty Healthy Balance Sheet - Simply Wall St |
Other Information on Investing in Sinosteel Stock
Sinosteel Engineering financial ratios help investors to determine whether Sinosteel 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 Sinosteel with respect to the benefits of owning Sinosteel Engineering security.