Hanjin Transportation (Korea) Probability of Future Stock Price Finishing Under 19,176
| 002320 Stock | 19,120 90.00 0.47% |
Hanjin |
Hanjin Transportation Target Price Odds to finish below 19,176
The tendency of Hanjin 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 below current price in 90 days |
| 19,120 | 90 days | 19,120 | about 62.63 |
Based on a normal probability distribution, the odds of Hanjin Transportation to move below current price in 90 days from now is about 62.63 (This Hanjin Transportation Co probability density function shows the probability of Hanjin Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon Hanjin Transportation Co has a beta of -0.11. This suggests as returns on the benchmark increase, returns on holding Hanjin Transportation are expected to decrease at a much lower rate. During a bear market, however, Hanjin Transportation Co is likely to outperform the market. Additionally Hanjin Transportation Co 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. Hanjin Transportation Price Density |
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Predictive Modules for Hanjin Transportation
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Hanjin Transportation. 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.Hanjin Transportation Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Hanjin Transportation is not an exception. The market had few large corrections towards the Hanjin Transportation'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 Hanjin Transportation Co, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Hanjin Transportation within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.01 | |
β | Beta against Dow Jones | -0.11 | |
σ | Overall volatility | 525.51 | |
Ir | Information ratio | -0.03 |
Hanjin Transportation Technical Analysis
Hanjin Transportation's future price can be derived by breaking down and analyzing its technical indicators over time. Hanjin Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Hanjin Transportation Co. In general, you should focus on analyzing Hanjin Stock price patterns and their correlations with different microeconomic environments and drivers.
Hanjin Transportation Predictive Forecast Models
Hanjin Transportation's time-series forecasting models is one of many Hanjin Transportation'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 Hanjin Transportation'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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Hanjin Transportation in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Hanjin Transportation's short interest history, or implied volatility extrapolated from Hanjin Transportation options trading.
Other Information on Investing in Hanjin Stock
Hanjin Transportation financial ratios help investors to determine whether Hanjin 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 Hanjin with respect to the benefits of owning Hanjin Transportation security.