HOB Biotech (China) Probability of Future Stock Price Finishing Under 101.94
| 688656 Stock | 104.14 1.64 1.60% |
HOB |
HOB Biotech Target Price Odds to finish below 101.94
The tendency of HOB 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 101.94 or more in 90 days |
| 104.14 | 90 days | 101.94 | about 73.46 |
Based on a normal probability distribution, the odds of HOB Biotech to drop to 101.94 or more in 90 days from now is about 73.46 (This HOB Biotech Group probability density function shows the probability of HOB Stock to fall within a particular range of prices over 90 days) . Probability of HOB Biotech Group price to stay between 101.94 and its current price of 104.14 at the end of the 90-day period is about 1.5 .
Assuming the 90 days trading horizon the stock has the beta coefficient of 1.43 . This suggests as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, HOB Biotech will likely underperform. In addition to that HOB Biotech Group has an alpha of 2.6213, implying that it can generate a 2.62 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). HOB Biotech Price Density |
| Price |
Predictive Modules for HOB Biotech
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as HOB Biotech 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.HOB Biotech Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. HOB Biotech is not an exception. The market had few large corrections towards the HOB Biotech'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 HOB Biotech Group, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of HOB Biotech within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 2.62 | |
β | Beta against Dow Jones | 1.43 | |
σ | Overall volatility | 47.33 | |
Ir | Information ratio | 0.33 |
HOB Biotech 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 HOB Biotech for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for HOB Biotech 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.| HOB Biotech Group is way too risky over 90 days horizon | |
| HOB Biotech Group appears to be risky and price may revert if volatility continues | |
| HOB Biotech Group is unlikely to experience financial distress in the next 2 years | |
| About 78.0% of the company shares are owned by insiders or employees | |
| Latest headline from news.google.com: Following recent decline, HOB Biotech Group Corp.,Ltds top shareholder CEO John Li sees holdings value drop by 12 percent - Simply Wall St |
HOB Biotech 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 HOB Stock often depends not only on the future outlook of the current and potential HOB Biotech'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. HOB Biotech's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 63.1 M |
HOB Biotech Technical Analysis
HOB Biotech's future price can be derived by breaking down and analyzing its technical indicators over time. HOB Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of HOB Biotech Group. In general, you should focus on analyzing HOB Stock price patterns and their correlations with different microeconomic environments and drivers.
HOB Biotech Predictive Forecast Models
HOB Biotech's time-series forecasting models is one of many HOB Biotech'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 HOB Biotech'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 HOB Biotech Group
Checking the ongoing alerts about HOB Biotech for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for HOB Biotech Group help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| HOB Biotech Group is way too risky over 90 days horizon | |
| HOB Biotech Group appears to be risky and price may revert if volatility continues | |
| HOB Biotech Group is unlikely to experience financial distress in the next 2 years | |
| About 78.0% of the company shares are owned by insiders or employees | |
| Latest headline from news.google.com: Following recent decline, HOB Biotech Group Corp.,Ltds top shareholder CEO John Li sees holdings value drop by 12 percent - Simply Wall St |
Other Information on Investing in HOB Stock
HOB Biotech financial ratios help investors to determine whether HOB 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 HOB with respect to the benefits of owning HOB Biotech security.