North Chemical (China) Probability of Future Stock Price Finishing Under 7.79
| 002246 Stock | 11.98 0.05 0.42% |
North |
North Chemical Target Price Odds to finish below 7.79
The tendency of North 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 7.79 or more in 90 days |
| 11.98 | 90 days | 7.79 | roughly 2.33 |
Based on a normal probability distribution, the odds of North Chemical to drop to 7.79 or more in 90 days from now is roughly 2.33 (This North Chemical Industries probability density function shows the probability of North Stock to fall within a particular range of prices over 90 days) . Probability of North Chemical Industries price to stay between 7.79 and its current price of 11.98 at the end of the 90-day period is about 76.65 .
Assuming the 90 days trading horizon North Chemical has a beta of 0.6. This suggests as returns on the market go up, North Chemical average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding North Chemical Industries will be expected to be much smaller as well. Additionally North Chemical Industries has an alpha of 0.3576, implying that it can generate a 0.36 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). North Chemical Price Density |
| Price |
Predictive Modules for North Chemical
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as North Chemical Industries. 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.North Chemical Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. North Chemical is not an exception. The market had few large corrections towards the North Chemical'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 North Chemical Industries, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of North Chemical within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.36 | |
β | Beta against Dow Jones | 0.60 | |
σ | Overall volatility | 1.50 | |
Ir | Information ratio | 0.08 |
North Chemical 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 North Chemical for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for North Chemical Industries can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| North Chemical appears to be risky and price may revert if volatility continues | |
| North Chemical generates negative cash flow from operations | |
| About 50.0% of the company shares are owned by insiders or employees |
North Chemical 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 North Stock often depends not only on the future outlook of the current and potential North Chemical'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. North Chemical's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 549 M |
North Chemical Technical Analysis
North Chemical's future price can be derived by breaking down and analyzing its technical indicators over time. North Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of North Chemical Industries. In general, you should focus on analyzing North Stock price patterns and their correlations with different microeconomic environments and drivers.
North Chemical Predictive Forecast Models
North Chemical's time-series forecasting models is one of many North Chemical'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 North Chemical'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 North Chemical Industries
Checking the ongoing alerts about North Chemical for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for North Chemical Industries help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| North Chemical appears to be risky and price may revert if volatility continues | |
| North Chemical generates negative cash flow from operations | |
| About 50.0% of the company shares are owned by insiders or employees |
Other Information on Investing in North Stock
North Chemical financial ratios help investors to determine whether North 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 North with respect to the benefits of owning North Chemical security.