Hongrun Construction (China) Probability of Future Stock Price Finishing Over 12.65
| 002062 Stock | 4.81 0.07 1.43% |
Hongrun |
Hongrun Construction Target Price Odds to finish over 12.65
The tendency of Hongrun 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 12.65 or more in 90 days |
| 4.81 | 90 days | 12.65 | close to zero percent |
Based on a normal probability distribution, the odds of Hongrun Construction to move over 12.65 or more in 90 days from now is close to zero percent (This Hongrun Construction Group probability density function shows the probability of Hongrun Stock to fall within a particular range of prices over 90 days) . Probability of Hongrun Construction price to stay between its current price of 4.81 and 12.65 at the end of the 90-day period is about 6.2 .
Assuming the 90 days trading horizon Hongrun Construction Group has a beta of -0.66. This suggests as returns on the benchmark increase, returns on holding Hongrun Construction are expected to decrease at a much lower rate. During a bear market, however, Hongrun Construction Group is likely to outperform the market. Additionally Hongrun Construction Group has an alpha of 0.6365, implying that it can generate a 0.64 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Hongrun Construction Price Density |
| Price |
Predictive Modules for Hongrun Construction
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Hongrun Construction. 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.Hongrun Construction Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Hongrun Construction is not an exception. The market had few large corrections towards the Hongrun Construction'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 Hongrun Construction Group, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Hongrun Construction within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.64 | |
β | Beta against Dow Jones | -0.66 | |
σ | Overall volatility | 0.52 | |
Ir | Information ratio | 0.16 |
Hongrun Construction 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 Hongrun Construction for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Hongrun Construction can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Hongrun Construction appears to be risky and price may revert if volatility continues | |
| About 60.0% of the company shares are owned by insiders or employees |
Hongrun Construction 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 Hongrun Stock often depends not only on the future outlook of the current and potential Hongrun Construction'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. Hongrun Construction's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 1.1 B | |
| Cash And Short Term Investments | 2.9 B |
Hongrun Construction Technical Analysis
Hongrun Construction's future price can be derived by breaking down and analyzing its technical indicators over time. Hongrun Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Hongrun Construction Group. In general, you should focus on analyzing Hongrun Stock price patterns and their correlations with different microeconomic environments and drivers.
Hongrun Construction Predictive Forecast Models
Hongrun Construction's time-series forecasting models is one of many Hongrun Construction'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 Hongrun Construction'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 Hongrun Construction
Checking the ongoing alerts about Hongrun Construction for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Hongrun Construction help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Hongrun Construction appears to be risky and price may revert if volatility continues | |
| About 60.0% of the company shares are owned by insiders or employees |
Other Information on Investing in Hongrun Stock
Hongrun Construction financial ratios help investors to determine whether Hongrun 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 Hongrun with respect to the benefits of owning Hongrun Construction security.