Kumho Ind (Korea) Probability of Future Stock Price Finishing Under 4,973
| 002990 Stock | 2,740 210.00 8.30% |
Kumho |
Kumho Ind Target Price Odds to finish below 4,973
The tendency of Kumho 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 |
| 2,740 | 90 days | 2,740 | about 9.11 |
Based on a normal probability distribution, the odds of Kumho Ind to move below current price in 90 days from now is about 9.11 (This Kumho Ind probability density function shows the probability of Kumho Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon Kumho Ind has a beta of 0.49. This suggests as returns on the market go up, Kumho Ind average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Kumho Ind will be expected to be much smaller as well. Additionally Kumho Ind 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. Kumho Ind Price Density |
| Price |
Predictive Modules for Kumho Ind
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Kumho Ind. 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.Kumho Ind Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Kumho Ind is not an exception. The market had few large corrections towards the Kumho Ind'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 Kumho Ind, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Kumho Ind within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.4 | |
β | Beta against Dow Jones | 0.49 | |
σ | Overall volatility | 211.86 | |
Ir | Information ratio | -0.18 |
Kumho Ind 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 Kumho Ind for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Kumho Ind can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Kumho Ind generated a negative expected return over the last 90 days | |
| About 48.0% of the company shares are owned by insiders or employees |
Kumho Ind 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 Kumho Stock often depends not only on the future outlook of the current and potential Kumho Ind'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. Kumho Ind's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 35.6 M |
Kumho Ind Technical Analysis
Kumho Ind's future price can be derived by breaking down and analyzing its technical indicators over time. Kumho Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Kumho Ind. In general, you should focus on analyzing Kumho Stock price patterns and their correlations with different microeconomic environments and drivers.
Kumho Ind Predictive Forecast Models
Kumho Ind's time-series forecasting models is one of many Kumho Ind'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 Kumho Ind'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 Kumho Ind
Checking the ongoing alerts about Kumho Ind for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Kumho Ind help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Kumho Ind generated a negative expected return over the last 90 days | |
| About 48.0% of the company shares are owned by insiders or employees |
Other Information on Investing in Kumho Stock
Kumho Ind financial ratios help investors to determine whether Kumho 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 Kumho with respect to the benefits of owning Kumho Ind security.