BYD Co (China) Chance of Future Stock Price Finishing Over 244.58
| 002594 Stock | 284.86 1.06 0.37% |
BYD |
BYD Co Target Price Odds to finish over 244.58
The tendency of BYD 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 stay above 244.58 in 90 days |
| 284.86 | 90 days | 244.58 | close to 99 |
Based on a normal probability distribution, the odds of BYD Co to stay above 244.58 in 90 days from now is close to 99 (This BYD Co Ltd probability density function shows the probability of BYD Stock to fall within a particular range of prices over 90 days) . Probability of BYD Co price to stay between 244.58 and its current price of 284.86 at the end of the 90-day period is about 38.89 .
Assuming the 90 days trading horizon BYD Co has a beta of 0.13. This suggests as returns on the market go up, BYD Co average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding BYD Co Ltd will be expected to be much smaller as well. Additionally BYD Co Ltd has an alpha of 0.1812, implying that it can generate a 0.18 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). BYD Co Price Density |
| Price |
Predictive Modules for BYD Co
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as BYD Co. 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.BYD Co Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. BYD Co is not an exception. The market had few large corrections towards the BYD Co'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 BYD Co Ltd, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of BYD Co within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.18 | |
β | Beta against Dow Jones | 0.13 | |
σ | Overall volatility | 15.30 | |
Ir | Information ratio | 0.06 |
BYD Co 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 BYD Co for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for BYD Co can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| BYD Co generated a negative expected return over the last 90 days | |
| About 58.0% of the company shares are owned by insiders or employees |
BYD Co 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 BYD Stock often depends not only on the future outlook of the current and potential BYD Co'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. BYD Co's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 2.9 B | |
| Cash And Short Term Investments | 118.7 B |
BYD Co Technical Analysis
BYD Co's future price can be derived by breaking down and analyzing its technical indicators over time. BYD Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of BYD Co Ltd. In general, you should focus on analyzing BYD Stock price patterns and their correlations with different microeconomic environments and drivers.
BYD Co Predictive Forecast Models
BYD Co's time-series forecasting models is one of many BYD Co'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 BYD Co'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 BYD Co
Checking the ongoing alerts about BYD Co for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for BYD Co help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| BYD Co generated a negative expected return over the last 90 days | |
| About 58.0% of the company shares are owned by insiders or employees |
Other Information on Investing in BYD Stock
BYD Co financial ratios help investors to determine whether BYD 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 BYD with respect to the benefits of owning BYD Co security.