Ningbo Kangqiang (China) Probability of Future Stock Price Finishing Over 14.93
| 002119 Stock | 15.06 0.08 0.53% |
Ningbo |
Ningbo Kangqiang Target Price Odds to finish over 14.93
The tendency of Ningbo 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 14.93 in 90 days |
| 15.06 | 90 days | 14.93 | about 20.04 |
Based on a normal probability distribution, the odds of Ningbo Kangqiang to stay above 14.93 in 90 days from now is about 20.04 (This Ningbo Kangqiang Electronics probability density function shows the probability of Ningbo Stock to fall within a particular range of prices over 90 days) . Probability of Ningbo Kangqiang Ele price to stay between 14.93 and its current price of 15.06 at the end of the 90-day period is about 1.82 .
Assuming the 90 days trading horizon Ningbo Kangqiang Electronics has a beta of -0.33. This suggests as returns on the benchmark increase, returns on holding Ningbo Kangqiang are expected to decrease at a much lower rate. During a bear market, however, Ningbo Kangqiang Electronics is likely to outperform the market. Additionally Ningbo Kangqiang Electronics has an alpha of 0.5912, implying that it can generate a 0.59 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Ningbo Kangqiang Price Density |
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Predictive Modules for Ningbo Kangqiang
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Ningbo Kangqiang Ele. 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.Ningbo Kangqiang Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Ningbo Kangqiang is not an exception. The market had few large corrections towards the Ningbo Kangqiang'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 Ningbo Kangqiang Electronics, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Ningbo Kangqiang within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.59 | |
β | Beta against Dow Jones | -0.33 | |
σ | Overall volatility | 1.94 | |
Ir | Information ratio | 0.12 |
Ningbo Kangqiang 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 Ningbo Kangqiang for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Ningbo Kangqiang Ele can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Ningbo Kangqiang Ele appears to be risky and price may revert if volatility continues | |
| About 32.0% of the company shares are owned by insiders or employees |
Ningbo Kangqiang 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 Ningbo Stock often depends not only on the future outlook of the current and potential Ningbo Kangqiang'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. Ningbo Kangqiang's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 375.3 M | |
| Cash And Short Term Investments | 199.1 M |
Ningbo Kangqiang Technical Analysis
Ningbo Kangqiang's future price can be derived by breaking down and analyzing its technical indicators over time. Ningbo Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Ningbo Kangqiang Electronics. In general, you should focus on analyzing Ningbo Stock price patterns and their correlations with different microeconomic environments and drivers.
Ningbo Kangqiang Predictive Forecast Models
Ningbo Kangqiang's time-series forecasting models is one of many Ningbo Kangqiang'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 Ningbo Kangqiang'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 Ningbo Kangqiang Ele
Checking the ongoing alerts about Ningbo Kangqiang for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Ningbo Kangqiang Ele help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Ningbo Kangqiang Ele appears to be risky and price may revert if volatility continues | |
| About 32.0% of the company shares are owned by insiders or employees |
Other Information on Investing in Ningbo Stock
Ningbo Kangqiang financial ratios help investors to determine whether Ningbo 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 Ningbo with respect to the benefits of owning Ningbo Kangqiang security.