SKONEC Entertainment (Korea) Probability of Future Stock Price Finishing Under 3,151
| 276040 Stock | 3,065 90.00 2.85% |
SKONEC |
SKONEC Entertainment Target Price Odds to finish below 3,151
The tendency of SKONEC 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 |
| 3,065 | 90 days | 3,065 | about 28.09 |
Based on a normal probability distribution, the odds of SKONEC Entertainment to move below current price in 90 days from now is about 28.09 (This SKONEC Entertainment Co probability density function shows the probability of SKONEC Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon SKONEC Entertainment Co has a beta of -0.45. This suggests as returns on the benchmark increase, returns on holding SKONEC Entertainment are expected to decrease at a much lower rate. During a bear market, however, SKONEC Entertainment Co is likely to outperform the market. Additionally SKONEC Entertainment 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. SKONEC Entertainment Price Density |
| Price |
Predictive Modules for SKONEC Entertainment
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as SKONEC Entertainment. 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.SKONEC Entertainment Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. SKONEC Entertainment is not an exception. The market had few large corrections towards the SKONEC Entertainment'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 SKONEC Entertainment Co, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of SKONEC Entertainment within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.08 | |
β | Beta against Dow Jones | -0.45 | |
σ | Overall volatility | 342.71 | |
Ir | Information ratio | -0.07 |
SKONEC Entertainment 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 SKONEC Entertainment for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for SKONEC Entertainment can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| SKONEC Entertainment generated a negative expected return over the last 90 days | |
| SKONEC Entertainment has high historical volatility and very poor performance | |
| The company reported the revenue of 6.11 B. Net Loss for the year was (3.51 B) with profit before overhead, payroll, taxes, and interest of 0. | |
| SKONEC Entertainment Co has accumulated about 1.58 B in cash with (856.35 M) of positive cash flow from operations. |
SKONEC Entertainment 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 SKONEC Stock often depends not only on the future outlook of the current and potential SKONEC Entertainment'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. SKONEC Entertainment's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 12.1 M | |
| Cash And Short Term Investments | 1.8 B |
SKONEC Entertainment Technical Analysis
SKONEC Entertainment's future price can be derived by breaking down and analyzing its technical indicators over time. SKONEC Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of SKONEC Entertainment Co. In general, you should focus on analyzing SKONEC Stock price patterns and their correlations with different microeconomic environments and drivers.
SKONEC Entertainment Predictive Forecast Models
SKONEC Entertainment's time-series forecasting models is one of many SKONEC Entertainment'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 SKONEC Entertainment'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 SKONEC Entertainment
Checking the ongoing alerts about SKONEC Entertainment for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for SKONEC Entertainment help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| SKONEC Entertainment generated a negative expected return over the last 90 days | |
| SKONEC Entertainment has high historical volatility and very poor performance | |
| The company reported the revenue of 6.11 B. Net Loss for the year was (3.51 B) with profit before overhead, payroll, taxes, and interest of 0. | |
| SKONEC Entertainment Co has accumulated about 1.58 B in cash with (856.35 M) of positive cash flow from operations. |
Other Information on Investing in SKONEC Stock
SKONEC Entertainment financial ratios help investors to determine whether SKONEC 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 SKONEC with respect to the benefits of owning SKONEC Entertainment security.