Egyptian Chemical (Egypt) Probability of Future Stock Price Finishing Under 3.94
| EGCH Stock | 7.80 0.03 0.39% |
Egyptian |
Egyptian Chemical Target Price Odds to finish below 3.94
The tendency of Egyptian 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 3.94 or more in 90 days |
| 7.80 | 90 days | 3.94 | near 1 |
Based on a normal probability distribution, the odds of Egyptian Chemical to drop to 3.94 or more in 90 days from now is near 1 (This Egyptian Chemical Industries probability density function shows the probability of Egyptian Stock to fall within a particular range of prices over 90 days) . Probability of Egyptian Chemical price to stay between 3.94 and its current price of 7.8 at the end of the 90-day period is under 4.
Assuming the 90 days trading horizon Egyptian Chemical has a beta of 0.25 suggesting as returns on the market go up, Egyptian Chemical average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Egyptian Chemical Industries will be expected to be much smaller as well. Additionally Egyptian Chemical Industries has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Egyptian Chemical Price Density |
| Price |
Predictive Modules for Egyptian Chemical
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Egyptian Chemical. 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.Egyptian Chemical Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Egyptian Chemical is not an exception. The market had few large corrections towards the Egyptian Chemical'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 Egyptian Chemical Industries, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Egyptian Chemical within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.13 | |
β | Beta against Dow Jones | 0.25 | |
σ | Overall volatility | 0.30 | |
Ir | Information ratio | -0.12 |
Egyptian Chemical 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 Egyptian Chemical for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Egyptian Chemical can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Egyptian Chemical generated a negative expected return over the last 90 days |
Egyptian Chemical Technical Analysis
Egyptian Chemical's future price can be derived by breaking down and analyzing its technical indicators over time. Egyptian Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Egyptian Chemical Industries. In general, you should focus on analyzing Egyptian Stock price patterns and their correlations with different microeconomic environments and drivers.
Egyptian Chemical Predictive Forecast Models
Egyptian Chemical's time-series forecasting models is one of many Egyptian Chemical'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 Egyptian Chemical'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 Egyptian Chemical
Checking the ongoing alerts about Egyptian Chemical for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Egyptian Chemical help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Egyptian Chemical generated a negative expected return over the last 90 days |