Saigon Machinery (Vietnam) Probability of Future Stock Price Finishing Under 8852.09
| SMA Stock | 11,400 100.00 0.88% |
Saigon |
Saigon Machinery Target Price Odds to finish below 8852.09
The tendency of Saigon 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 8,852 or more in 90 days |
| 11,400 | 90 days | 8,852 | roughly 2.06 |
Based on a normal probability distribution, the odds of Saigon Machinery to drop to 8,852 or more in 90 days from now is roughly 2.06 (This Saigon Machinery Spare probability density function shows the probability of Saigon Stock to fall within a particular range of prices over 90 days) . Probability of Saigon Machinery Spare price to stay between 8,852 and its current price of 11400.0 at the end of the 90-day period is about 97.0 .
Assuming the 90 days trading horizon Saigon Machinery Spare has a beta of -0.39. This usually implies as returns on the benchmark increase, returns on holding Saigon Machinery are expected to decrease at a much lower rate. During a bear market, however, Saigon Machinery Spare is likely to outperform the market. Additionally Saigon Machinery Spare has an alpha of 0.4015, implying that it can generate a 0.4 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Saigon Machinery Price Density |
| Price |
Predictive Modules for Saigon Machinery
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Saigon Machinery Spare. 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.Saigon Machinery Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Saigon Machinery is not an exception. The market had few large corrections towards the Saigon Machinery'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 Saigon Machinery Spare, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Saigon Machinery within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.40 | |
β | Beta against Dow Jones | -0.39 | |
σ | Overall volatility | 561.41 | |
Ir | Information ratio | 0.09 |
Saigon Machinery 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 Saigon Machinery for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Saigon Machinery Spare can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Saigon Machinery appears to be risky and price may revert if volatility continues |
Saigon Machinery Technical Analysis
Saigon Machinery's future price can be derived by breaking down and analyzing its technical indicators over time. Saigon Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Saigon Machinery Spare. In general, you should focus on analyzing Saigon Stock price patterns and their correlations with different microeconomic environments and drivers.
Saigon Machinery Predictive Forecast Models
Saigon Machinery's time-series forecasting models is one of many Saigon Machinery'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 Saigon Machinery'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 Saigon Machinery Spare
Checking the ongoing alerts about Saigon Machinery for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Saigon Machinery Spare help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Saigon Machinery appears to be risky and price may revert if volatility continues |
Other Information on Investing in Saigon Stock
Saigon Machinery financial ratios help investors to determine whether Saigon 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 Saigon with respect to the benefits of owning Saigon Machinery security.