Hengyi Petrochemical Stock Forward View
| 000703 Stock | 12.08 0.10 0.82% |
Hengyi Stock outlook is based on your current time horizon. Investors can use this forecasting interface to forecast Hengyi Petrochemical stock prices and determine the direction of Hengyi Petrochemical Co's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Hengyi Petrochemical's historical fundamentals, such as revenue growth or operating cash flow patterns.
The relative strength index (RSI) of Hengyi Petrochemical's stock price is about 69. This suggests that the stock is rather overbought by investors at the present time. The main point of the Relative Strength Index (RSI) is to track how fast people are buying or selling Hengyi, making its price go up or down. Momentum 69
Buy Stretched
Oversold | Overbought |
Quarterly Earnings Growth 7.572 | EPS Estimate Current Year 0.1 | EPS Estimate Next Year 0.14 | Wall Street Target Price 6.5 | EPS Estimate Current Quarter 0.01 |
Using Hengyi Petrochemical hype-based prediction, you can estimate the value of Hengyi Petrochemical Co from the perspective of Hengyi Petrochemical response to recently generated media hype and the effects of current headlines on its competitors.
The Naive Prediction forecasted value of Hengyi Petrochemical Co on the next trading day is expected to be 12.44 with a mean absolute deviation of 0.32 and the sum of the absolute errors of 19.43. Hengyi Petrochemical after-hype prediction price | CNY 12.13 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Hengyi |
Hengyi Petrochemical Additional Predictive Modules
Most predictive techniques to examine Hengyi price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Hengyi using various technical indicators. When you analyze Hengyi charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Hengyi Petrochemical Naive Prediction Price Forecast For the 2nd of February
Given 90 days horizon, the Naive Prediction forecasted value of Hengyi Petrochemical Co on the next trading day is expected to be 12.44 with a mean absolute deviation of 0.32, mean absolute percentage error of 0.18, and the sum of the absolute errors of 19.43.Please note that although there have been many attempts to predict Hengyi Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Hengyi Petrochemical's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Hengyi Petrochemical Stock Forecast Pattern
| Backtest Hengyi Petrochemical | Hengyi Petrochemical Price Prediction | Buy or Sell Advice |
Hengyi Petrochemical Forecasted Value
In the context of forecasting Hengyi Petrochemical's Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Hengyi Petrochemical's downside and upside margins for the forecasting period are 9.02 and 15.87, respectively. We have considered Hengyi Petrochemical's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Hengyi Petrochemical stock data series using in forecasting. Note that when a statistical model is used to represent Hengyi Petrochemical stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | 116.3703 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.3185 |
| MAPE | Mean absolute percentage error | 0.0366 |
| SAE | Sum of the absolute errors | 19.4256 |
Predictive Modules for Hengyi Petrochemical
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Hengyi Petrochemical. 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.Hengyi Petrochemical After-Hype Price Density Analysis
As far as predicting the price of Hengyi Petrochemical at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Hengyi Petrochemical or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Hengyi Petrochemical, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Hengyi Petrochemical Estimiated After-Hype Price Volatility
In the context of predicting Hengyi Petrochemical's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Hengyi Petrochemical's historical news coverage. Hengyi Petrochemical's after-hype downside and upside margins for the prediction period are 8.71 and 15.55, respectively. We have considered Hengyi Petrochemical's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Hengyi Petrochemical is somewhat reliable at this time. Analysis and calculation of next after-hype price of Hengyi Petrochemical is based on 3 months time horizon.
Hengyi Petrochemical Stock Price Outlook Analysis
Have you ever been surprised when a price of a Company such as Hengyi Petrochemical is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Hengyi Petrochemical backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Hengyi Petrochemical, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.99 | 3.42 | 0.05 | 0.08 | 2 Events / Month | 1 Events / Month | In a few days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
12.08 | 12.13 | 0.41 |
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Hengyi Petrochemical Hype Timeline
Hengyi Petrochemical is presently traded for 12.08on Shenzhen Stock Exchange of China. The entity has historical hype elasticity of 0.05, and average elasticity to hype of competition of -0.08. Hengyi is forecasted to increase in value after the next headline, with the price projected to jump to 12.13 or above. The average volatility of media hype impact on the company the price is over 100%. The price jump on the next news is forecasted to be 0.41%, whereas the daily expected return is presently at 0.99%. The volatility of related hype on Hengyi Petrochemical is about 4412.9%, with the expected price after the next announcement by competition of 12.00. The company reported the revenue of 125.46 B. Net Loss for the year was (65.75 M) with profit before overhead, payroll, taxes, and interest of 4.28 B. Assuming the 90 days trading horizon the next forecasted press release will be in a few days. Check out Historical Fundamental Analysis of Hengyi Petrochemical to cross-verify your projections.Hengyi Petrochemical Related Hype Analysis
Having access to credible news sources related to Hengyi Petrochemical's direct competition is more important than ever and may enhance your ability to predict Hengyi Petrochemical's future price movements. Getting to know how Hengyi Petrochemical's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Hengyi Petrochemical may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| 002173 | Innovative Medical Management | (0.29) | 5 per month | 3.21 | 0.06 | 9.99 | (4.87) | 18.19 | |
| 600608 | Shanghai Broadband Technology | 0.22 | 2 per month | 2.51 | 0.01 | 4.98 | (4.74) | 10.22 | |
| 301321 | Highbroad Advanced Material | (0.56) | 1 per month | 1.98 | 0.12 | 6.29 | (3.95) | 27.29 | |
| 600763 | Top Choice Medical | 0.00 | 0 per month | 1.29 | 0.04 | 4.99 | (2.08) | 11.61 | |
| 000516 | Xian International Medical | 0.01 | 4 per month | 2.40 | 0.01 | 9.95 | (3.29) | 20.04 | |
| 002219 | Hengkang Medical Group | 0.00 | 0 per month | 2.59 | 0.01 | 3.18 | (3.46) | 20.13 | |
| 600996 | Guizhou BroadcastingTV Info | 0.00 | 0 per month | 0.00 | (0.04) | 6.83 | (4.18) | 14.99 | |
| 300210 | Anshan Senyuan Road | 0.00 | 0 per month | 1.90 | 0.02 | 3.97 | (3.38) | 18.31 |
Other Forecasting Options for Hengyi Petrochemical
For every potential investor in Hengyi, whether a beginner or expert, Hengyi Petrochemical's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Hengyi Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Hengyi. Basic forecasting techniques help filter out the noise by identifying Hengyi Petrochemical's price trends.Hengyi Petrochemical Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Hengyi Petrochemical stock to make a market-neutral strategy. Peer analysis of Hengyi Petrochemical could also be used in its relative valuation, which is a method of valuing Hengyi Petrochemical by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Hengyi Petrochemical Market Strength Events
Market strength indicators help investors to evaluate how Hengyi Petrochemical stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Hengyi Petrochemical shares will generate the highest return on investment. By undertsting and applying Hengyi Petrochemical stock market strength indicators, traders can identify Hengyi Petrochemical Co entry and exit signals to maximize returns.
Hengyi Petrochemical Risk Indicators
The analysis of Hengyi Petrochemical's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Hengyi Petrochemical's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting hengyi stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 2.62 | |||
| Semi Deviation | 1.86 | |||
| Standard Deviation | 3.4 | |||
| Variance | 11.57 | |||
| Downside Variance | 5.48 | |||
| Semi Variance | 3.45 | |||
| Expected Short fall | (3.47) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Story Coverage note for Hengyi Petrochemical
The number of cover stories for Hengyi Petrochemical depends on current market conditions and Hengyi Petrochemical's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Hengyi Petrochemical is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Hengyi Petrochemical's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Hengyi Petrochemical Short Properties
Hengyi Petrochemical's future price predictability will typically decrease when Hengyi Petrochemical's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Hengyi Petrochemical Co often depends not only on the future outlook of the potential Hengyi Petrochemical'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. Hengyi Petrochemical's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 3.3 B | |
| Cash And Short Term Investments | 13.2 B |
Other Information on Investing in Hengyi Stock
Hengyi Petrochemical financial ratios help investors to determine whether Hengyi 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 Hengyi with respect to the benefits of owning Hengyi Petrochemical security.