Zhejiang Yongjin (China) Probability of Future Stock Price Finishing Over 22.09

603995 Stock   19.30  0.07  0.36%   
Zhejiang Yongjin's future price is the expected price of Zhejiang Yongjin instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of Zhejiang Yongjin Metal performance during a given time horizon utilizing its historical volatility. Check out Zhejiang Yongjin Backtesting, Zhejiang Yongjin Valuation, Zhejiang Yongjin Correlation, Zhejiang Yongjin Hype Analysis, Zhejiang Yongjin Volatility, Zhejiang Yongjin History as well as Zhejiang Yongjin Performance.
  
Please specify Zhejiang Yongjin's target price for which you would like Zhejiang Yongjin odds to be computed.

Zhejiang Yongjin Target Price Odds to finish over 22.09

The tendency of Zhejiang 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 PriceHorizonTarget PriceOdds to move over  22.09  or more in 90 days
 19.30 90 days 22.09 
near 1
Based on a normal probability distribution, the odds of Zhejiang Yongjin to move over  22.09  or more in 90 days from now is near 1 (This Zhejiang Yongjin Metal probability density function shows the probability of Zhejiang Stock to fall within a particular range of prices over 90 days) . Probability of Zhejiang Yongjin Metal price to stay between its current price of  19.30  and  22.09  at the end of the 90-day period is about 28.36 .
Assuming the 90 days trading horizon Zhejiang Yongjin Metal has a beta of -0.0467. This suggests as returns on the benchmark increase, returns on holding Zhejiang Yongjin are expected to decrease at a much lower rate. During a bear market, however, Zhejiang Yongjin Metal is likely to outperform the market. Additionally Zhejiang Yongjin Metal has an alpha of 0.2856, implying that it can generate a 0.29 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta).
   Zhejiang Yongjin Price Density   
       Price  

Predictive Modules for Zhejiang Yongjin

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Zhejiang Yongjin Metal. 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.
Hype
Prediction
LowEstimatedHigh
16.5519.3022.05
Details
Intrinsic
Valuation
LowRealHigh
13.0915.8421.23
Details
Naive
Forecast
LowNextHigh
16.1218.8721.62
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.290.290.29
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Zhejiang Yongjin. Your research has to be compared to or analyzed against Zhejiang Yongjin's peers to derive any actionable benefits. When done correctly, Zhejiang Yongjin's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Zhejiang Yongjin Metal.

Zhejiang Yongjin Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. Zhejiang Yongjin is not an exception. The market had few large corrections towards the Zhejiang Yongjin'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 Zhejiang Yongjin Metal, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Zhejiang Yongjin within the framework of very fundamental risk indicators.
α
Alpha over Dow Jones
0.29
β
Beta against Dow Jones-0.05
σ
Overall volatility
1.47
Ir
Information ratio 0.06

Zhejiang Yongjin 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 Zhejiang Yongjin for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Zhejiang Yongjin Metal can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
About 49.0% of the company shares are owned by insiders or employees

Zhejiang Yongjin 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 Zhejiang Stock often depends not only on the future outlook of the current and potential Zhejiang Yongjin'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. Zhejiang Yongjin's indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding381.4 M

Zhejiang Yongjin Technical Analysis

Zhejiang Yongjin's future price can be derived by breaking down and analyzing its technical indicators over time. Zhejiang Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Zhejiang Yongjin Metal. In general, you should focus on analyzing Zhejiang Stock price patterns and their correlations with different microeconomic environments and drivers.

Zhejiang Yongjin Predictive Forecast Models

Zhejiang Yongjin's time-series forecasting models is one of many Zhejiang Yongjin'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 Zhejiang Yongjin'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 Zhejiang Yongjin Metal

Checking the ongoing alerts about Zhejiang Yongjin for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Zhejiang Yongjin Metal help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
About 49.0% of the company shares are owned by insiders or employees

Other Information on Investing in Zhejiang Stock

Zhejiang Yongjin financial ratios help investors to determine whether Zhejiang 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 Zhejiang with respect to the benefits of owning Zhejiang Yongjin security.