Namchow Food (China) Probability of Future Stock Price Finishing Under 10.08
| 605339 Stock | 17.32 0.40 2.26% |
Namchow |
Namchow Food Target Price Odds to finish below 10.08
The tendency of Namchow 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 10.08 or more in 90 days |
| 17.32 | 90 days | 10.08 | near 1 |
Based on a normal probability distribution, the odds of Namchow Food to drop to 10.08 or more in 90 days from now is near 1 (This Namchow Food Group probability density function shows the probability of Namchow Stock to fall within a particular range of prices over 90 days) . Probability of Namchow Food Group price to stay between 10.08 and its current price of 17.32 at the end of the 90-day period is about 59.04 .
Assuming the 90 days trading horizon Namchow Food Group has a beta of -0.21. This suggests as returns on the benchmark increase, returns on holding Namchow Food are expected to decrease at a much lower rate. During a bear market, however, Namchow Food Group is likely to outperform the market. Additionally Namchow Food Group has an alpha of 0.3557, implying that it can generate a 0.36 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Namchow Food Price Density |
| Price |
Predictive Modules for Namchow Food
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Namchow Food Group. 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.Namchow Food Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Namchow Food is not an exception. The market had few large corrections towards the Namchow Food'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 Namchow Food Group, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Namchow Food within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.36 | |
β | Beta against Dow Jones | -0.21 | |
σ | Overall volatility | 1.09 | |
Ir | Information ratio | 0.13 |
Namchow Food 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 Namchow Food for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Namchow Food Group can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Namchow Food Group is unlikely to experience financial distress in the next 2 years | |
| About 88.0% of the company shares are owned by insiders or employees | |
| Latest headline from news.google.com: Namchow Food Group Seems To Use Debt Rather Sparingly - Simply Wall St |
Namchow Food 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 Namchow Stock often depends not only on the future outlook of the current and potential Namchow Food'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. Namchow Food's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 426.1 M |
Namchow Food Technical Analysis
Namchow Food's future price can be derived by breaking down and analyzing its technical indicators over time. Namchow Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Namchow Food Group. In general, you should focus on analyzing Namchow Stock price patterns and their correlations with different microeconomic environments and drivers.
Namchow Food Predictive Forecast Models
Namchow Food's time-series forecasting models is one of many Namchow Food'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 Namchow Food'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 Namchow Food Group
Checking the ongoing alerts about Namchow Food for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Namchow Food Group help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Namchow Food Group is unlikely to experience financial distress in the next 2 years | |
| About 88.0% of the company shares are owned by insiders or employees | |
| Latest headline from news.google.com: Namchow Food Group Seems To Use Debt Rather Sparingly - Simply Wall St |
Other Information on Investing in Namchow Stock
Namchow Food financial ratios help investors to determine whether Namchow 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 Namchow with respect to the benefits of owning Namchow Food security.