Eastern Air (China) Probability of Future Stock Price Finishing Under 15.45
| 601156 Stock | 17.17 0.54 3.25% |
Eastern |
Eastern Air Target Price Odds to finish below 15.45
The tendency of Eastern 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 15.45 or more in 90 days |
| 17.17 | 90 days | 15.45 | about 6.4 |
Based on a normal probability distribution, the odds of Eastern Air to drop to 15.45 or more in 90 days from now is about 6.4 (This Eastern Air Logistics probability density function shows the probability of Eastern Stock to fall within a particular range of prices over 90 days) . Probability of Eastern Air Logistics price to stay between 15.45 and its current price of 17.17 at the end of the 90-day period is about 77.99 .
Assuming the 90 days trading horizon Eastern Air Logistics has a beta of -0.24. This suggests as returns on the benchmark increase, returns on holding Eastern Air are expected to decrease at a much lower rate. During a bear market, however, Eastern Air Logistics is likely to outperform the market. Additionally Eastern Air Logistics has an alpha of 0.2482, implying that it can generate a 0.25 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Eastern Air Price Density |
| Price |
Predictive Modules for Eastern Air
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Eastern Air Logistics. 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.Eastern Air Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Eastern Air is not an exception. The market had few large corrections towards the Eastern Air'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 Eastern Air Logistics, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Eastern Air within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.25 | |
β | Beta against Dow Jones | -0.24 | |
σ | Overall volatility | 0.68 | |
Ir | Information ratio | 0.1 |
Eastern Air 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 Eastern Air for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Eastern Air Logistics can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Eastern Air generated a negative expected return over the last 90 days | |
| About 69.0% of the company shares are owned by insiders or employees |
Eastern Air 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 Eastern Stock often depends not only on the future outlook of the current and potential Eastern Air'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. Eastern Air's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 1.6 B |
Eastern Air Technical Analysis
Eastern Air's future price can be derived by breaking down and analyzing its technical indicators over time. Eastern Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Eastern Air Logistics. In general, you should focus on analyzing Eastern Stock price patterns and their correlations with different microeconomic environments and drivers.
Eastern Air Predictive Forecast Models
Eastern Air's time-series forecasting models is one of many Eastern Air'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 Eastern Air'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 Eastern Air Logistics
Checking the ongoing alerts about Eastern Air for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Eastern Air Logistics help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Eastern Air generated a negative expected return over the last 90 days | |
| About 69.0% of the company shares are owned by insiders or employees |
Other Information on Investing in Eastern Stock
Eastern Air financial ratios help investors to determine whether Eastern 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 Eastern with respect to the benefits of owning Eastern Air security.