Songwon Industrial (Korea) Probability of Future Stock Price Finishing Under 12,109
| 004430 Stock | 10,470 120.00 1.13% |
Songwon |
Songwon Industrial Target Price Odds to finish below 12,109
The tendency of Songwon 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 move below current price in 90 days |
| 10,470 | 90 days | 10,470 | about 11.2 |
Based on a normal probability distribution, the odds of Songwon Industrial to move below current price in 90 days from now is about 11.2 (This Songwon Industrial Co probability density function shows the probability of Songwon Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon Songwon Industrial has a beta of 0.19. This suggests as returns on the market go up, Songwon Industrial average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Songwon Industrial Co will be expected to be much smaller as well. Additionally Songwon Industrial Co has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Songwon Industrial Price Density |
| Price |
Predictive Modules for Songwon Industrial
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Songwon Industrial. 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.Songwon Industrial Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Songwon Industrial is not an exception. The market had few large corrections towards the Songwon Industrial'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 Songwon Industrial Co, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Songwon Industrial within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.16 | |
β | Beta against Dow Jones | 0.19 | |
σ | Overall volatility | 1,165 | |
Ir | Information ratio | -0.08 |
Songwon Industrial 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 Songwon Industrial for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Songwon Industrial can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Songwon Industrial generated a negative expected return over the last 90 days | |
| Songwon Industrial has high historical volatility and very poor performance |
Songwon Industrial Technical Analysis
Songwon Industrial's future price can be derived by breaking down and analyzing its technical indicators over time. Songwon Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Songwon Industrial Co. In general, you should focus on analyzing Songwon Stock price patterns and their correlations with different microeconomic environments and drivers.
Songwon Industrial Predictive Forecast Models
Songwon Industrial's time-series forecasting models is one of many Songwon Industrial'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 Songwon Industrial'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 Songwon Industrial
Checking the ongoing alerts about Songwon Industrial for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Songwon Industrial help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Songwon Industrial generated a negative expected return over the last 90 days | |
| Songwon Industrial has high historical volatility and very poor performance |
Other Information on Investing in Songwon Stock
Songwon Industrial financial ratios help investors to determine whether Songwon 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 Songwon with respect to the benefits of owning Songwon Industrial security.