Bengang Steel (China) Probability of Future Stock Price Finishing Over 3.3
| 000761 Stock | 3.37 0.03 0.88% |
Bengang |
Bengang Steel Target Price Odds to finish over 3.3
The tendency of Bengang 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 stay above 3.30 in 90 days |
| 3.37 | 90 days | 3.30 | about 31.17 |
Based on a normal probability distribution, the odds of Bengang Steel to stay above 3.30 in 90 days from now is about 31.17 (This Bengang Steel Plates probability density function shows the probability of Bengang Stock to fall within a particular range of prices over 90 days) . Probability of Bengang Steel Plates price to stay between 3.30 and its current price of 3.37 at the end of the 90-day period is nearly 4.35 .
Assuming the 90 days trading horizon Bengang Steel Plates has a beta of -0.48. This suggests as returns on the benchmark increase, returns on holding Bengang Steel are expected to decrease at a much lower rate. During a bear market, however, Bengang Steel Plates is likely to outperform the market. Additionally Bengang Steel Plates has an alpha of 0.5188, implying that it can generate a 0.52 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Bengang Steel Price Density |
| Price |
Predictive Modules for Bengang Steel
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Bengang Steel Plates. 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.Bengang Steel Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Bengang Steel is not an exception. The market had few large corrections towards the Bengang Steel'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 Bengang Steel Plates, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Bengang Steel within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.52 | |
β | Beta against Dow Jones | -0.48 | |
σ | Overall volatility | 0.55 | |
Ir | Information ratio | 0.09 |
Bengang Steel 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 Bengang Steel for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Bengang Steel Plates can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Bengang Steel Plates appears to be risky and price may revert if volatility continues | |
| The company reported the revenue of 57.81 B. Net Loss for the year was (1.74 B) with profit before overhead, payroll, taxes, and interest of 164.04 M. | |
| About 86.0% of the company shares are owned by insiders or employees |
Bengang Steel 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 Bengang Stock often depends not only on the future outlook of the current and potential Bengang Steel'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. Bengang Steel's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 4.1 B | |
| Dividends Paid | 211.8 M | |
| Shares Float | 961.2 M |
Bengang Steel Technical Analysis
Bengang Steel's future price can be derived by breaking down and analyzing its technical indicators over time. Bengang Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Bengang Steel Plates. In general, you should focus on analyzing Bengang Stock price patterns and their correlations with different microeconomic environments and drivers.
Bengang Steel Predictive Forecast Models
Bengang Steel's time-series forecasting models is one of many Bengang Steel'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 Bengang Steel'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 Bengang Steel Plates
Checking the ongoing alerts about Bengang Steel for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Bengang Steel Plates help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Bengang Steel Plates appears to be risky and price may revert if volatility continues | |
| The company reported the revenue of 57.81 B. Net Loss for the year was (1.74 B) with profit before overhead, payroll, taxes, and interest of 164.04 M. | |
| About 86.0% of the company shares are owned by insiders or employees |
Other Information on Investing in Bengang Stock
Bengang Steel financial ratios help investors to determine whether Bengang 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 Bengang with respect to the benefits of owning Bengang Steel security.