Shijiazhuang Tonhe (China) Probability of Future Stock Price Finishing Under 4.41
| 300491 Stock | 16.22 0.42 2.66% |
Shijiazhuang |
Shijiazhuang Tonhe Target Price Odds to finish below 4.41
The tendency of Shijiazhuang 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 4.41 or more in 90 days |
| 16.22 | 90 days | 4.41 | near 1 |
Based on a normal probability distribution, the odds of Shijiazhuang Tonhe to drop to 4.41 or more in 90 days from now is near 1 (This Shijiazhuang Tonhe Electronics probability density function shows the probability of Shijiazhuang Stock to fall within a particular range of prices over 90 days) . Probability of Shijiazhuang Tonhe price to stay between 4.41 and its current price of 16.22 at the end of the 90-day period is about 51.91 .
Assuming the 90 days trading horizon Shijiazhuang Tonhe Electronics has a beta of -0.43. This suggests as returns on the benchmark increase, returns on holding Shijiazhuang Tonhe are expected to decrease at a much lower rate. During a bear market, however, Shijiazhuang Tonhe Electronics is likely to outperform the market. Additionally Shijiazhuang Tonhe Electronics has an alpha of 0.3962, implying that it can generate a 0.4 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Shijiazhuang Tonhe Price Density |
| Price |
Predictive Modules for Shijiazhuang Tonhe
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Shijiazhuang Tonhe. 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.Shijiazhuang Tonhe Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Shijiazhuang Tonhe is not an exception. The market had few large corrections towards the Shijiazhuang Tonhe'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 Shijiazhuang Tonhe Electronics, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Shijiazhuang Tonhe within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.40 | |
β | Beta against Dow Jones | -0.43 | |
σ | Overall volatility | 1.22 | |
Ir | Information ratio | 0.08 |
Shijiazhuang Tonhe 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 Shijiazhuang Tonhe for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Shijiazhuang Tonhe can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Shijiazhuang Tonhe had very high historical volatility over the last 90 days | |
| Shijiazhuang Tonhe is unlikely to experience financial distress in the next 2 years | |
| About 46.0% of the company shares are owned by insiders or employees | |
| Latest headline from news.google.com: Individual investors who hold 49 percent of Shijiazhuang Tonhe Electronics Technologies Co.,Ltd. gained 10, insiders profited as well - Simply Wall St |
Shijiazhuang Tonhe 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 Shijiazhuang Stock often depends not only on the future outlook of the current and potential Shijiazhuang Tonhe'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. Shijiazhuang Tonhe's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 174 M |
Shijiazhuang Tonhe Technical Analysis
Shijiazhuang Tonhe's future price can be derived by breaking down and analyzing its technical indicators over time. Shijiazhuang Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Shijiazhuang Tonhe Electronics. In general, you should focus on analyzing Shijiazhuang Stock price patterns and their correlations with different microeconomic environments and drivers.
Shijiazhuang Tonhe Predictive Forecast Models
Shijiazhuang Tonhe's time-series forecasting models is one of many Shijiazhuang Tonhe'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 Shijiazhuang Tonhe'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 Shijiazhuang Tonhe
Checking the ongoing alerts about Shijiazhuang Tonhe for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Shijiazhuang Tonhe help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Shijiazhuang Tonhe had very high historical volatility over the last 90 days | |
| Shijiazhuang Tonhe is unlikely to experience financial distress in the next 2 years | |
| About 46.0% of the company shares are owned by insiders or employees | |
| Latest headline from news.google.com: Individual investors who hold 49 percent of Shijiazhuang Tonhe Electronics Technologies Co.,Ltd. gained 10, insiders profited as well - Simply Wall St |
Other Information on Investing in Shijiazhuang Stock
Shijiazhuang Tonhe financial ratios help investors to determine whether Shijiazhuang 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 Shijiazhuang with respect to the benefits of owning Shijiazhuang Tonhe security.