HMTNew Technical (China) Probability of Future Stock Price Finishing Under 23.53
| 603306 Stock | 30.42 0.67 2.16% |
HMTNew |
HMTNew Technical Target Price Odds to finish below 23.53
The tendency of HMTNew 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 23.53 or more in 90 days |
| 30.42 | 90 days | 23.53 | about 40.52 |
Based on a normal probability distribution, the odds of HMTNew Technical to drop to 23.53 or more in 90 days from now is about 40.52 (This HMTNew Technical probability density function shows the probability of HMTNew Stock to fall within a particular range of prices over 90 days) . Probability of HMTNew Technical price to stay between 23.53 and its current price of 30.42 at the end of the 90-day period is about 46.4 .
Assuming the 90 days trading horizon HMTNew Technical has a beta of -0.0067. This suggests as returns on the benchmark increase, returns on holding HMTNew Technical are expected to decrease at a much lower rate. During a bear market, however, HMTNew Technical is likely to outperform the market. Moreover HMTNew Technical has an alpha of 1.0412, implying that it can generate a 1.04 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). HMTNew Technical Price Density |
| Price |
Predictive Modules for HMTNew Technical
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as HMTNew Technical. 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.HMTNew Technical Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. HMTNew Technical is not an exception. The market had few large corrections towards the HMTNew Technical'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 HMTNew Technical, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of HMTNew Technical within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 1.04 | |
β | Beta against Dow Jones | -0.0067 | |
σ | Overall volatility | 5.05 | |
Ir | Information ratio | 0.19 |
HMTNew Technical 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 HMTNew Technical for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for HMTNew Technical can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| HMTNew Technical appears to be risky and price may revert if volatility continues | |
| About 29.0% of the company shares are owned by insiders or employees | |
| Latest headline from news.google.com: HMT New Technical Materials Co., Ltd announces an Equity Buyback for CNY 500 million worth of its shares. - Marketscreener.com |
HMTNew Technical 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 HMTNew Stock often depends not only on the future outlook of the current and potential HMTNew Technical'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. HMTNew Technical's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 326.1 M |
HMTNew Technical Technical Analysis
HMTNew Technical's future price can be derived by breaking down and analyzing its technical indicators over time. HMTNew Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of HMTNew Technical. In general, you should focus on analyzing HMTNew Stock price patterns and their correlations with different microeconomic environments and drivers.
HMTNew Technical Predictive Forecast Models
HMTNew Technical's time-series forecasting models is one of many HMTNew Technical'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 HMTNew Technical'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 HMTNew Technical
Checking the ongoing alerts about HMTNew Technical for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for HMTNew Technical help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| HMTNew Technical appears to be risky and price may revert if volatility continues | |
| About 29.0% of the company shares are owned by insiders or employees | |
| Latest headline from news.google.com: HMT New Technical Materials Co., Ltd announces an Equity Buyback for CNY 500 million worth of its shares. - Marketscreener.com |
Other Information on Investing in HMTNew Stock
HMTNew Technical financial ratios help investors to determine whether HMTNew 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 HMTNew with respect to the benefits of owning HMTNew Technical security.