Cofoe Medical (China) Probability of Future Stock Price Finishing Over 44.20
| 301087 Stock | 36.61 0.13 0.36% |
Cofoe |
Cofoe Medical Target Price Odds to finish over 44.20
The tendency of Cofoe 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 over 44.20 or more in 90 days |
| 36.61 | 90 days | 44.20 | near 1 |
Based on a normal probability distribution, the odds of Cofoe Medical to move over 44.20 or more in 90 days from now is near 1 (This Cofoe Medical Technology probability density function shows the probability of Cofoe Stock to fall within a particular range of prices over 90 days) . Probability of Cofoe Medical Technology price to stay between its current price of 36.61 and 44.20 at the end of the 90-day period is about 64.09 .
Assuming the 90 days trading horizon Cofoe Medical Technology has a beta of -0.15. This suggests as returns on the benchmark increase, returns on holding Cofoe Medical are expected to decrease at a much lower rate. During a bear market, however, Cofoe Medical Technology is likely to outperform the market. Additionally Cofoe Medical Technology has an alpha of 0.3424, implying that it can generate a 0.34 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Cofoe Medical Price Density |
| Price |
Predictive Modules for Cofoe Medical
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Cofoe Medical Technology. 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.Cofoe Medical Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Cofoe Medical is not an exception. The market had few large corrections towards the Cofoe Medical'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 Cofoe Medical Technology, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Cofoe Medical within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.34 | |
β | Beta against Dow Jones | -0.15 | |
σ | Overall volatility | 2.30 | |
Ir | Information ratio | 0.10 |
Cofoe Medical 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 Cofoe Medical for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Cofoe Medical Technology can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Cofoe Medical generated a negative expected return over the last 90 days | |
| Cofoe Medical is unlikely to experience financial distress in the next 2 years | |
| About 61.0% of the company shares are owned by insiders or employees | |
| Latest headline from news.google.com: Cofoe Medical Technology Co.,Ltd.s Stock Going Strong But Fundamentals Look Weak What Implications Could This Have On The Stock - Simply Wall St |
Cofoe Medical 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 Cofoe Stock often depends not only on the future outlook of the current and potential Cofoe Medical'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. Cofoe Medical's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 209.2 M |
Cofoe Medical Technical Analysis
Cofoe Medical's future price can be derived by breaking down and analyzing its technical indicators over time. Cofoe Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Cofoe Medical Technology. In general, you should focus on analyzing Cofoe Stock price patterns and their correlations with different microeconomic environments and drivers.
Cofoe Medical Predictive Forecast Models
Cofoe Medical's time-series forecasting models is one of many Cofoe Medical'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 Cofoe Medical'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 Cofoe Medical Technology
Checking the ongoing alerts about Cofoe Medical for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Cofoe Medical Technology help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Cofoe Medical generated a negative expected return over the last 90 days | |
| Cofoe Medical is unlikely to experience financial distress in the next 2 years | |
| About 61.0% of the company shares are owned by insiders or employees | |
| Latest headline from news.google.com: Cofoe Medical Technology Co.,Ltd.s Stock Going Strong But Fundamentals Look Weak What Implications Could This Have On The Stock - Simply Wall St |
Other Information on Investing in Cofoe Stock
Cofoe Medical financial ratios help investors to determine whether Cofoe 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 Cofoe with respect to the benefits of owning Cofoe Medical security.