Daedong Gear (Korea) Probability of Future Stock Price Finishing Over 11800.0
| 008830 Stock | KRW 11,700 340.00 2.82% |
Daedong |
Daedong Gear Target Price Odds to finish over 11800.0
The tendency of Daedong 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 over W 11,800 or more in 90 days |
| 11,700 | 90 days | 11,800 | near 1 |
Based on a normal probability distribution, the odds of Daedong Gear to move over W 11,800 or more in 90 days from now is near 1 (This Daedong Gear Co probability density function shows the probability of Daedong Stock to fall within a particular range of prices over 90 days) . Probability of Daedong Gear price to stay between its current price of W 11,700 and W 11,800 at the end of the 90-day period is near 1 .
Assuming the 90 days trading horizon Daedong Gear has a beta of 0.52. This suggests as returns on the market go up, Daedong Gear average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Daedong Gear Co will be expected to be much smaller as well. Additionally Daedong Gear Co has an alpha of 0.5921, implying that it can generate a 0.59 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Daedong Gear Price Density |
| Price |
Predictive Modules for Daedong Gear
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Daedong Gear. 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.Daedong Gear Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Daedong Gear is not an exception. The market had few large corrections towards the Daedong Gear'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 Daedong Gear Co, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Daedong Gear within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.59 | |
β | Beta against Dow Jones | 0.52 | |
σ | Overall volatility | 1,204 | |
Ir | Information ratio | 0.12 |
Daedong Gear 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 Daedong Gear for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Daedong Gear can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Daedong Gear appears to be risky and price may revert if volatility continues | |
| Daedong Gear has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Daedong Gear Co has accumulated 31.57 B in total debt with debt to equity ratio (D/E) of 111.7, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Daedong Gear has a current ratio of 0.77, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Daedong Gear until it has trouble settling it off, either with new capital or with free cash flow. So, Daedong Gear's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Daedong Gear sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Daedong to invest in growth at high rates of return. When we think about Daedong Gear's use of debt, we should always consider it together with cash and equity. | |
| About 72.0% of Daedong Gear shares are owned by insiders or employees |
Daedong Gear 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 Daedong Stock often depends not only on the future outlook of the current and potential Daedong Gear'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. Daedong Gear's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 9 M | |
| Dividends Paid | 359.5 M | |
| Cash And Short Term Investments | 1.7 B | |
| Shares Float | 2.5 M |
Daedong Gear Technical Analysis
Daedong Gear's future price can be derived by breaking down and analyzing its technical indicators over time. Daedong Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Daedong Gear Co. In general, you should focus on analyzing Daedong Stock price patterns and their correlations with different microeconomic environments and drivers.
Daedong Gear Predictive Forecast Models
Daedong Gear's time-series forecasting models is one of many Daedong Gear'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 Daedong Gear'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 Daedong Gear
Checking the ongoing alerts about Daedong Gear for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Daedong Gear help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Daedong Gear appears to be risky and price may revert if volatility continues | |
| Daedong Gear has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Daedong Gear Co has accumulated 31.57 B in total debt with debt to equity ratio (D/E) of 111.7, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Daedong Gear has a current ratio of 0.77, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Daedong Gear until it has trouble settling it off, either with new capital or with free cash flow. So, Daedong Gear's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Daedong Gear sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Daedong to invest in growth at high rates of return. When we think about Daedong Gear's use of debt, we should always consider it together with cash and equity. | |
| About 72.0% of Daedong Gear shares are owned by insiders or employees |
Other Information on Investing in Daedong Stock
Daedong Gear financial ratios help investors to determine whether Daedong 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 Daedong with respect to the benefits of owning Daedong Gear security.