Ni Steel (Korea) Odds of Future Stock Price Finishing Under 3,903
| 008260 Stock | 3,905 15.00 0.38% |
008260 |
Ni Steel Target Price Odds to finish below 3,903
The tendency of 008260 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 |
| 3,905 | 90 days | 3,905 | about 39.02 |
Based on a normal probability distribution, the odds of Ni Steel to move below current price in 90 days from now is about 39.02 (This Ni Steel probability density function shows the probability of 008260 Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon Ni Steel has a beta of -0.33. This suggests as returns on the benchmark increase, returns on holding Ni Steel are expected to decrease at a much lower rate. During a bear market, however, Ni Steel is likely to outperform the market. Additionally Ni Steel has an alpha of 0.0184, implying that it can generate a 0.0184 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Ni Steel Price Density |
| Price |
Predictive Modules for Ni Steel
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Ni Steel. 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.Ni Steel Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Ni Steel is not an exception. The market had few large corrections towards the Ni Steel'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 Ni Steel, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Ni Steel within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.02 | |
β | Beta against Dow Jones | -0.33 | |
σ | Overall volatility | 182.28 | |
Ir | Information ratio | -0.06 |
Ni Steel 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 Ni Steel for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Ni Steel can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Ni Steel generated a negative expected return over the last 90 days | |
| About 59.0% of the company shares are owned by insiders or employees |
Ni Steel 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 008260 Stock often depends not only on the future outlook of the current and potential Ni Steel'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. Ni Steel's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 28.6 M |
Ni Steel Technical Analysis
Ni Steel's future price can be derived by breaking down and analyzing its technical indicators over time. 008260 Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Ni Steel. In general, you should focus on analyzing 008260 Stock price patterns and their correlations with different microeconomic environments and drivers.
Ni Steel Predictive Forecast Models
Ni Steel's time-series forecasting models is one of many Ni Steel'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 Ni Steel'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 Ni Steel
Checking the ongoing alerts about Ni Steel for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Ni Steel help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Ni Steel generated a negative expected return over the last 90 days | |
| About 59.0% of the company shares are owned by insiders or employees |
Other Information on Investing in 008260 Stock
Ni Steel financial ratios help investors to determine whether 008260 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 008260 with respect to the benefits of owning Ni Steel security.