Byd Company Limited Stock Probability of Future Pink Sheet Price Finishing Under 30.44
| BYDDF Stock | USD 33.30 0.43 1.31% |
BYD |
BYD Company Target Price Odds to finish below 30.44
The tendency of BYD Pink Sheet 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 $ 30.44 or more in 90 days |
| 33.30 | 90 days | 30.44 | about 10.09 |
Based on a normal probability distribution, the odds of BYD Company to drop to $ 30.44 or more in 90 days from now is about 10.09 (This BYD Company Limited probability density function shows the probability of BYD Pink Sheet to fall within a particular range of prices over 90 days) . Probability of BYD Limited price to stay between $ 30.44 and its current price of $33.3 at the end of the 90-day period is about 26.38 .
Assuming the 90 days horizon BYD Company Limited has a beta of -0.14 suggesting as returns on the benchmark increase, returns on holding BYD Company are expected to decrease at a much lower rate. During a bear market, however, BYD Company Limited is likely to outperform the market. Additionally BYD Company Limited has an alpha of 0.245, implying that it can generate a 0.25 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). BYD Company Price Density |
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Predictive Modules for BYD Company
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as BYD Limited. Regardless of method or technology, however, to accurately forecast the pink sheet market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the pink sheet 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of BYD Company's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
BYD Company Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. BYD Company is not an exception. The market had few large corrections towards the BYD Company'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 BYD Company Limited, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of BYD Company within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.25 | |
β | Beta against Dow Jones | -0.14 | |
σ | Overall volatility | 3.08 | |
Ir | Information ratio | 0.04 |
BYD Company 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 BYD Company for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for BYD Limited can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| BYD Company Limited has accumulated 10.79 B in total debt with debt to equity ratio (D/E) of 0.23, which may suggest the company is not taking enough advantage from borrowing. BYD Limited has a current ratio of 0.74, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist BYD Company until it has trouble settling it off, either with new capital or with free cash flow. So, BYD Company's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like BYD Limited sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for BYD to invest in growth at high rates of return. When we think about BYD Company's use of debt, we should always consider it together with cash and equity. | |
| Latest headline from benzinga.com: Disposition of 83334 shares by Robert Scaringe of Rivian Automotive at 11.25 subject to Rule 16b-3 |
BYD Company 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 BYD Pink Sheet often depends not only on the future outlook of the current and potential BYD Company'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. BYD Company's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 2.9 B | |
| Cash And Short Term Investments | 56.1 B |
BYD Company Technical Analysis
BYD Company's future price can be derived by breaking down and analyzing its technical indicators over time. BYD Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of BYD Company Limited. In general, you should focus on analyzing BYD Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
BYD Company Predictive Forecast Models
BYD Company's time-series forecasting models is one of many BYD Company's pink sheet 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 BYD Company'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 pink sheet market movement and maximize returns from investment trading.
Things to note about BYD Limited
Checking the ongoing alerts about BYD Company for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for BYD Limited help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| BYD Company Limited has accumulated 10.79 B in total debt with debt to equity ratio (D/E) of 0.23, which may suggest the company is not taking enough advantage from borrowing. BYD Limited has a current ratio of 0.74, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist BYD Company until it has trouble settling it off, either with new capital or with free cash flow. So, BYD Company's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like BYD Limited sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for BYD to invest in growth at high rates of return. When we think about BYD Company's use of debt, we should always consider it together with cash and equity. | |
| Latest headline from benzinga.com: Disposition of 83334 shares by Robert Scaringe of Rivian Automotive at 11.25 subject to Rule 16b-3 |
Other Information on Investing in BYD Pink Sheet
BYD Company financial ratios help investors to determine whether BYD Pink Sheet 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 BYD with respect to the benefits of owning BYD Company security.