Hannong Chemicals (Korea) Probability of Future Stock Price Finishing Under 14,895
| 011500 Stock | 15,380 480.00 3.22% |
Hannong |
Hannong Chemicals Target Price Odds to finish below 14,895
The tendency of Hannong 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 |
| 15,380 | 90 days | 15,380 | about 5.78 |
Based on a normal probability distribution, the odds of Hannong Chemicals to move below current price in 90 days from now is about 5.78 (This Hannong Chemicals probability density function shows the probability of Hannong Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon Hannong Chemicals has a beta of 0.0449. This suggests as returns on the market go up, Hannong Chemicals average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Hannong Chemicals will be expected to be much smaller as well. Additionally Hannong Chemicals has an alpha of 0.0695, implying that it can generate a 0.0695 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Hannong Chemicals Price Density |
| Price |
Predictive Modules for Hannong Chemicals
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Hannong Chemicals. 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.Hannong Chemicals Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Hannong Chemicals is not an exception. The market had few large corrections towards the Hannong Chemicals' 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 Hannong Chemicals, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Hannong Chemicals within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.07 | |
β | Beta against Dow Jones | 0.04 | |
σ | Overall volatility | 1,981 | |
Ir | Information ratio | -0.0088 |
Hannong Chemicals 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 Hannong Chemicals for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Hannong Chemicals can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Hannong Chemicals generated a negative expected return over the last 90 days | |
| Hannong Chemicals has high historical volatility and very poor performance |
Hannong Chemicals Technical Analysis
Hannong Chemicals' future price can be derived by breaking down and analyzing its technical indicators over time. Hannong Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Hannong Chemicals. In general, you should focus on analyzing Hannong Stock price patterns and their correlations with different microeconomic environments and drivers.
Hannong Chemicals Predictive Forecast Models
Hannong Chemicals' time-series forecasting models is one of many Hannong Chemicals' 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 Hannong Chemicals' 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 Hannong Chemicals
Checking the ongoing alerts about Hannong Chemicals for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Hannong Chemicals help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Hannong Chemicals generated a negative expected return over the last 90 days | |
| Hannong Chemicals has high historical volatility and very poor performance |
Other Information on Investing in Hannong Stock
Hannong Chemicals financial ratios help investors to determine whether Hannong 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 Hannong with respect to the benefits of owning Hannong Chemicals security.