Songz Automobile (China) Probability of Future Stock Price Finishing Under 6.64
| 002454 Stock | 6.99 0.02 0.29% |
Songz |
Songz Automobile Target Price Odds to finish below 6.64
The tendency of Songz 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 6.64 or more in 90 days |
| 6.99 | 90 days | 6.64 | about 77.57 |
Based on a normal probability distribution, the odds of Songz Automobile to drop to 6.64 or more in 90 days from now is about 77.57 (This Songz Automobile Air probability density function shows the probability of Songz Stock to fall within a particular range of prices over 90 days) . Probability of Songz Automobile Air price to stay between 6.64 and its current price of 6.99 at the end of the 90-day period is about 12.36 .
Assuming the 90 days trading horizon Songz Automobile Air has a beta of -0.44. This suggests as returns on the benchmark increase, returns on holding Songz Automobile are expected to decrease at a much lower rate. During a bear market, however, Songz Automobile Air is likely to outperform the market. Additionally Songz Automobile Air has an alpha of 0.4116, implying that it can generate a 0.41 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Songz Automobile Price Density |
| Price |
Predictive Modules for Songz Automobile
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Songz Automobile Air. 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.Songz Automobile Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Songz Automobile is not an exception. The market had few large corrections towards the Songz Automobile'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 Songz Automobile Air, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Songz Automobile within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.41 | |
β | Beta against Dow Jones | -0.44 | |
σ | Overall volatility | 0.67 | |
Ir | Information ratio | 0.1 |
Songz Automobile 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 Songz Automobile for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Songz Automobile Air can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Songz Automobile Air is unlikely to experience financial distress in the next 2 years | |
| About 52.0% of the company shares are owned by insiders or employees |
Songz Automobile 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 Songz Stock often depends not only on the future outlook of the current and potential Songz Automobile'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. Songz Automobile's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 628.6 M | |
| Cash And Short Term Investments | 2.1 B |
Songz Automobile Technical Analysis
Songz Automobile's future price can be derived by breaking down and analyzing its technical indicators over time. Songz Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Songz Automobile Air. In general, you should focus on analyzing Songz Stock price patterns and their correlations with different microeconomic environments and drivers.
Songz Automobile Predictive Forecast Models
Songz Automobile's time-series forecasting models is one of many Songz Automobile'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 Songz Automobile'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 Songz Automobile Air
Checking the ongoing alerts about Songz Automobile for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Songz Automobile Air help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Songz Automobile Air is unlikely to experience financial distress in the next 2 years | |
| About 52.0% of the company shares are owned by insiders or employees |
Other Information on Investing in Songz Stock
Songz Automobile financial ratios help investors to determine whether Songz 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 Songz with respect to the benefits of owning Songz Automobile security.