Doosan Engine (Korea) Probability of Future Stock Price Finishing Over 16850.0
| 082740 Stock | 19,290 650.00 3.49% |
Doosan |
Doosan Engine Target Price Odds to finish over 16850.0
The tendency of Doosan 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 16,850 in 90 days |
| 19,290 | 90 days | 16,850 | about 21.78 |
Based on a normal probability distribution, the odds of Doosan Engine to stay above 16,850 in 90 days from now is about 21.78 (This Doosan Engine Co probability density function shows the probability of Doosan Stock to fall within a particular range of prices over 90 days) . Probability of Doosan Engine price to stay between 16,850 and its current price of 19290.0 at the end of the 90-day period is about 21.24 .
Assuming the 90 days trading horizon Doosan Engine has a beta of 0.36. This suggests as returns on the market go up, Doosan Engine average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Doosan Engine Co will be expected to be much smaller as well. Additionally Doosan Engine Co has an alpha of 0.5728, implying that it can generate a 0.57 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Doosan Engine Price Density |
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Predictive Modules for Doosan Engine
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Doosan Engine. 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.Please note, it is not enough to conduct a financial or market analysis of a single entity such as Doosan Engine. Your research has to be compared to or analyzed against Doosan Engine's peers to derive any actionable benefits. When done correctly, Doosan Engine's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Doosan Engine.Doosan Engine Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Doosan Engine is not an exception. The market had few large corrections towards the Doosan Engine'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 Doosan Engine Co, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Doosan Engine within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.57 | |
β | Beta against Dow Jones | 0.36 | |
σ | Overall volatility | 1,382 | |
Ir | Information ratio | 0.17 |
Doosan Engine 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 Doosan Engine for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Doosan Engine can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Doosan Engine had very high historical volatility over the last 90 days |
Doosan Engine Technical Analysis
Doosan Engine's future price can be derived by breaking down and analyzing its technical indicators over time. Doosan Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Doosan Engine Co. In general, you should focus on analyzing Doosan Stock price patterns and their correlations with different microeconomic environments and drivers.
Doosan Engine Predictive Forecast Models
Doosan Engine's time-series forecasting models is one of many Doosan Engine'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 Doosan Engine'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 Doosan Engine
Checking the ongoing alerts about Doosan Engine for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Doosan Engine help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Doosan Engine had very high historical volatility over the last 90 days |