Choil Aluminum (Korea) Probability of Future Stock Price Finishing Under 1327.62
| 018470 Stock | 1,532 26.00 1.73% |
Choil |
Choil Aluminum Target Price Odds to finish below 1327.62
The tendency of Choil 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 1,328 or more in 90 days |
| 1,532 | 90 days | 1,328 | near 1 |
Based on a normal probability distribution, the odds of Choil Aluminum to drop to 1,328 or more in 90 days from now is near 1 (This Choil Aluminum probability density function shows the probability of Choil Stock to fall within a particular range of prices over 90 days) . Probability of Choil Aluminum price to stay between 1,328 and its current price of 1532.0 at the end of the 90-day period is about 11.54 .
Assuming the 90 days trading horizon Choil Aluminum has a beta of -0.27. This suggests as returns on the benchmark increase, returns on holding Choil Aluminum are expected to decrease at a much lower rate. During a bear market, however, Choil Aluminum is likely to outperform the market. Additionally Choil Aluminum 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. Choil Aluminum Price Density |
| Price |
Predictive Modules for Choil Aluminum
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Choil Aluminum. 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.Choil Aluminum Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Choil Aluminum is not an exception. The market had few large corrections towards the Choil Aluminum'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 Choil Aluminum, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Choil Aluminum within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.19 | |
β | Beta against Dow Jones | -0.27 | |
σ | Overall volatility | 102.51 | |
Ir | Information ratio | -0.15 |
Choil Aluminum 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 Choil Aluminum for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Choil Aluminum can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Choil Aluminum generated a negative expected return over the last 90 days | |
| Choil Aluminum generates negative cash flow from operations | |
| About 43.0% of the company shares are owned by insiders or employees |
Choil Aluminum 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 Choil Stock often depends not only on the future outlook of the current and potential Choil Aluminum'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. Choil Aluminum's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 122.6 M |
Choil Aluminum Technical Analysis
Choil Aluminum's future price can be derived by breaking down and analyzing its technical indicators over time. Choil Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Choil Aluminum. In general, you should focus on analyzing Choil Stock price patterns and their correlations with different microeconomic environments and drivers.
Choil Aluminum Predictive Forecast Models
Choil Aluminum's time-series forecasting models is one of many Choil Aluminum'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 Choil Aluminum'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 Choil Aluminum
Checking the ongoing alerts about Choil Aluminum for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Choil Aluminum help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Choil Aluminum generated a negative expected return over the last 90 days | |
| Choil Aluminum generates negative cash flow from operations | |
| About 43.0% of the company shares are owned by insiders or employees |
Other Information on Investing in Choil Stock
Choil Aluminum financial ratios help investors to determine whether Choil 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 Choil with respect to the benefits of owning Choil Aluminum security.