Hunan Oil (China) Probability of Future Stock Price Finishing Over 19.89
| 603319 Stock | 19.89 0.44 2.26% |
Hunan |
Hunan Oil Target Price Odds to finish over 19.89
The tendency of Hunan 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 above the current price in 90 days |
| 19.89 | 90 days | 19.89 | about 77.44 |
Based on a normal probability distribution, the odds of Hunan Oil to move above the current price in 90 days from now is about 77.44 (This Hunan Oil Pump probability density function shows the probability of Hunan Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon Hunan Oil has a beta of 0.29. This suggests as returns on the market go up, Hunan Oil average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Hunan Oil Pump will be expected to be much smaller as well. Additionally Hunan Oil Pump has an alpha of 0.4407, implying that it can generate a 0.44 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Hunan Oil Price Density |
| Price |
Predictive Modules for Hunan Oil
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Hunan Oil Pump. 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.Hunan Oil Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Hunan Oil is not an exception. The market had few large corrections towards the Hunan Oil'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 Hunan Oil Pump, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Hunan Oil within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.44 | |
β | Beta against Dow Jones | 0.29 | |
σ | Overall volatility | 3.53 | |
Ir | Information ratio | 0.10 |
Hunan Oil 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 Hunan Oil for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Hunan Oil Pump can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Hunan Oil Pump had very high historical volatility over the last 90 days | |
| Hunan Oil Pump is unlikely to experience financial distress in the next 2 years | |
| About 37.0% of the company shares are owned by insiders or employees | |
| Latest headline from news.google.com: Hunan Oil Pump Co., Ltd. agreed to acquire 5 percent stake in Longway.AI from Xu Jingxian for CNY 0.47 million. - Marketscreener.com |
Hunan Oil 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 Hunan Stock often depends not only on the future outlook of the current and potential Hunan Oil'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. Hunan Oil's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 208.1 M |
Hunan Oil Technical Analysis
Hunan Oil's future price can be derived by breaking down and analyzing its technical indicators over time. Hunan Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Hunan Oil Pump. In general, you should focus on analyzing Hunan Stock price patterns and their correlations with different microeconomic environments and drivers.
Hunan Oil Predictive Forecast Models
Hunan Oil's time-series forecasting models is one of many Hunan Oil'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 Hunan Oil'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 Hunan Oil Pump
Checking the ongoing alerts about Hunan Oil for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Hunan Oil Pump help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Hunan Oil Pump had very high historical volatility over the last 90 days | |
| Hunan Oil Pump is unlikely to experience financial distress in the next 2 years | |
| About 37.0% of the company shares are owned by insiders or employees | |
| Latest headline from news.google.com: Hunan Oil Pump Co., Ltd. agreed to acquire 5 percent stake in Longway.AI from Xu Jingxian for CNY 0.47 million. - Marketscreener.com |
Other Information on Investing in Hunan Stock
Hunan Oil financial ratios help investors to determine whether Hunan 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 Hunan with respect to the benefits of owning Hunan Oil security.