Daekyung Machinery (Korea) Probability of Future Stock Price Finishing Under 476.95
| 015590 Stock | 525.00 6.00 1.16% |
Daekyung |
Daekyung Machinery Target Price Odds to finish below 476.95
The tendency of Daekyung 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 476.95 or more in 90 days |
| 525.00 | 90 days | 476.95 | about 74.76 |
Based on a normal probability distribution, the odds of Daekyung Machinery to drop to 476.95 or more in 90 days from now is about 74.76 (This Daekyung Machinery Engineering probability density function shows the probability of Daekyung Stock to fall within a particular range of prices over 90 days) . Probability of Daekyung Machinery price to stay between 476.95 and its current price of 525.0 at the end of the 90-day period is about 20.03 .
Assuming the 90 days trading horizon Daekyung Machinery has a beta of 0.71. This suggests as returns on the market go up, Daekyung Machinery average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Daekyung Machinery Engineering will be expected to be much smaller as well. Additionally Daekyung Machinery Engineering 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. Daekyung Machinery Price Density |
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Predictive Modules for Daekyung Machinery
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Daekyung Machinery. 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.Daekyung Machinery Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Daekyung Machinery is not an exception. The market had few large corrections towards the Daekyung Machinery'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 Daekyung Machinery Engineering, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Daekyung Machinery within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.09 | |
β | Beta against Dow Jones | 0.71 | |
σ | Overall volatility | 49.78 | |
Ir | Information ratio | -0.04 |
Daekyung Machinery 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 Daekyung Machinery for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Daekyung Machinery can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Daekyung Machinery had very high historical volatility over the last 90 days |
Daekyung Machinery Technical Analysis
Daekyung Machinery's future price can be derived by breaking down and analyzing its technical indicators over time. Daekyung Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Daekyung Machinery Engineering. In general, you should focus on analyzing Daekyung Stock price patterns and their correlations with different microeconomic environments and drivers.
Daekyung Machinery Predictive Forecast Models
Daekyung Machinery's time-series forecasting models is one of many Daekyung Machinery'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 Daekyung Machinery'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 Daekyung Machinery
Checking the ongoing alerts about Daekyung Machinery for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Daekyung Machinery help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Daekyung Machinery had very high historical volatility over the last 90 days |
Other Information on Investing in Daekyung Stock
Daekyung Machinery financial ratios help investors to determine whether Daekyung 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 Daekyung with respect to the benefits of owning Daekyung Machinery security.