Shengda Mining (China) Probability of Future Stock Price Finishing Under 12.62
| 000603 Stock | 12.73 0.43 3.27% |
Shengda |
Shengda Mining Target Price Odds to finish below 12.62
The tendency of Shengda 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 12.62 or more in 90 days |
| 12.73 | 90 days | 12.62 | about 64.14 |
Based on a normal probability distribution, the odds of Shengda Mining to drop to 12.62 or more in 90 days from now is about 64.14 (This Shengda Mining Co probability density function shows the probability of Shengda Stock to fall within a particular range of prices over 90 days) . Probability of Shengda Mining price to stay between 12.62 and its current price of 12.73 at the end of the 90-day period is roughly 2.43 .
Assuming the 90 days trading horizon Shengda Mining has a beta of 0.0527. This suggests as returns on the market go up, Shengda Mining average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Shengda Mining Co will be expected to be much smaller as well. Additionally Shengda Mining Co has an alpha of 0.3647, implying that it can generate a 0.36 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Shengda Mining Price Density |
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Predictive Modules for Shengda Mining
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Shengda Mining. 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.Shengda Mining Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Shengda Mining is not an exception. The market had few large corrections towards the Shengda Mining'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 Shengda Mining Co, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Shengda Mining within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.36 | |
β | Beta against Dow Jones | 0.05 | |
σ | Overall volatility | 1.67 | |
Ir | Information ratio | 0.09 |
Shengda Mining 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 Shengda Mining for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Shengda Mining can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| About 49.0% of the company shares are owned by insiders or employees | |
| Latest headline from news.google.com: Shengda ResourcesLtd Third Quarter 2024 Earnings EPS CN0.17 - Simply Wall St |
Shengda Mining 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 Shengda Stock often depends not only on the future outlook of the current and potential Shengda Mining'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. Shengda Mining's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 704.7 M | |
| Cash And Short Term Investments | 792.2 M |
Shengda Mining Technical Analysis
Shengda Mining's future price can be derived by breaking down and analyzing its technical indicators over time. Shengda Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Shengda Mining Co. In general, you should focus on analyzing Shengda Stock price patterns and their correlations with different microeconomic environments and drivers.
Shengda Mining Predictive Forecast Models
Shengda Mining's time-series forecasting models is one of many Shengda Mining'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 Shengda Mining'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 Shengda Mining
Checking the ongoing alerts about Shengda Mining for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Shengda Mining help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| About 49.0% of the company shares are owned by insiders or employees | |
| Latest headline from news.google.com: Shengda ResourcesLtd Third Quarter 2024 Earnings EPS CN0.17 - Simply Wall St |
Other Information on Investing in Shengda Stock
Shengda Mining financial ratios help investors to determine whether Shengda 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 Shengda with respect to the benefits of owning Shengda Mining security.