Mingchen Health (China) Probability of Future Stock Price Finishing Under 15.29
| 002919 Stock | 15.76 0.54 3.55% |
Mingchen |
Mingchen Health Target Price Odds to finish below 15.29
The tendency of Mingchen 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 15.29 or more in 90 days |
| 15.76 | 90 days | 15.29 | about 87.85 |
Based on a normal probability distribution, the odds of Mingchen Health to drop to 15.29 or more in 90 days from now is about 87.85 (This Mingchen Health Co probability density function shows the probability of Mingchen Stock to fall within a particular range of prices over 90 days) . Probability of Mingchen Health price to stay between 15.29 and its current price of 15.76 at the end of the 90-day period is about 5.48 .
Assuming the 90 days trading horizon Mingchen Health Co has a beta of -0.14. This suggests as returns on the benchmark increase, returns on holding Mingchen Health are expected to decrease at a much lower rate. During a bear market, however, Mingchen Health Co is likely to outperform the market. Additionally Mingchen Health Co has an alpha of 0.2445, implying that it can generate a 0.24 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Mingchen Health Price Density |
| Price |
Predictive Modules for Mingchen Health
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Mingchen Health. 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.Mingchen Health Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Mingchen Health is not an exception. The market had few large corrections towards the Mingchen Health'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 Mingchen Health Co, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Mingchen Health within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.24 | |
β | Beta against Dow Jones | -0.14 | |
σ | Overall volatility | 1.40 | |
Ir | Information ratio | 0.03 |
Mingchen Health 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 Mingchen Health for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Mingchen Health can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Mingchen Health appears to be risky and price may revert if volatility continues | |
| Mingchen Health is unlikely to experience financial distress in the next 2 years | |
| About 51.0% of the company shares are owned by insiders or employees |
Mingchen Health 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 Mingchen Stock often depends not only on the future outlook of the current and potential Mingchen Health'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. Mingchen Health's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 219.9 M | |
| Cash And Short Term Investments | 169 M |
Mingchen Health Technical Analysis
Mingchen Health's future price can be derived by breaking down and analyzing its technical indicators over time. Mingchen Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Mingchen Health Co. In general, you should focus on analyzing Mingchen Stock price patterns and their correlations with different microeconomic environments and drivers.
Mingchen Health Predictive Forecast Models
Mingchen Health's time-series forecasting models is one of many Mingchen Health'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 Mingchen Health'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 Mingchen Health
Checking the ongoing alerts about Mingchen Health for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Mingchen Health help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Mingchen Health appears to be risky and price may revert if volatility continues | |
| Mingchen Health is unlikely to experience financial distress in the next 2 years | |
| About 51.0% of the company shares are owned by insiders or employees |
Other Information on Investing in Mingchen Stock
Mingchen Health financial ratios help investors to determine whether Mingchen 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 Mingchen with respect to the benefits of owning Mingchen Health security.