Union Materials (Korea) Probability of Future Stock Price Finishing Under 2122.91
| 047400 Stock | 2,265 30.00 1.31% |
Union |
Union Materials Target Price Odds to finish below 2122.91
The tendency of Union 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 2,123 or more in 90 days |
| 2,265 | 90 days | 2,123 | about 13.81 |
Based on a normal probability distribution, the odds of Union Materials to drop to 2,123 or more in 90 days from now is about 13.81 (This Union Materials Corp probability density function shows the probability of Union Stock to fall within a particular range of prices over 90 days) . Probability of Union Materials Corp price to stay between 2,123 and its current price of 2265.0 at the end of the 90-day period is about 35.02 .
Assuming the 90 days trading horizon Union Materials Corp has a beta of -0.14. This suggests as returns on the benchmark increase, returns on holding Union Materials are expected to decrease at a much lower rate. During a bear market, however, Union Materials Corp is likely to outperform the market. Additionally Union Materials Corp has an alpha of 0.1768, implying that it can generate a 0.18 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Union Materials Price Density |
| Price |
Predictive Modules for Union Materials
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Union Materials Corp. 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.Union Materials Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Union Materials is not an exception. The market had few large corrections towards the Union Materials' 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 Union Materials Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Union Materials within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.18 | |
β | Beta against Dow Jones | -0.14 | |
σ | Overall volatility | 134.38 | |
Ir | Information ratio | 0.02 |
Union Materials 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 Union Materials for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Union Materials Corp can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Union Materials Corp had very high historical volatility over the last 90 days | |
| About 44.0% of the company shares are owned by insiders or employees |
Union Materials 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 Union Stock often depends not only on the future outlook of the current and potential Union Materials' 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. Union Materials' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 42 M |
Union Materials Technical Analysis
Union Materials' future price can be derived by breaking down and analyzing its technical indicators over time. Union Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Union Materials Corp. In general, you should focus on analyzing Union Stock price patterns and their correlations with different microeconomic environments and drivers.
Union Materials Predictive Forecast Models
Union Materials' time-series forecasting models is one of many Union Materials' 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 Union Materials' 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 Union Materials Corp
Checking the ongoing alerts about Union Materials for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Union Materials Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Union Materials Corp had very high historical volatility over the last 90 days | |
| About 44.0% of the company shares are owned by insiders or employees |
Other Information on Investing in Union Stock
Union Materials financial ratios help investors to determine whether Union 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 Union with respect to the benefits of owning Union Materials security.