Iljin Materials (Korea) Probability of Future Stock Price Finishing Under 37450.0
| 020150 Stock | 25,950 1,050 3.89% |
Iljin |
Iljin Materials Target Price Odds to finish below 37450.0
The tendency of Iljin 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 stay under 37,450 after 90 days |
| 25,950 | 90 days | 37,450 | about 55.4 |
Based on a normal probability distribution, the odds of Iljin Materials to stay under 37,450 after 90 days from now is about 55.4 (This Iljin Materials Co probability density function shows the probability of Iljin Stock to fall within a particular range of prices over 90 days) . Probability of Iljin Materials price to stay between its current price of 25,950 and 37,450 at the end of the 90-day period is about 54.38 .
Assuming the 90 days trading horizon Iljin Materials Co has a beta of -0.16. This suggests as returns on the benchmark increase, returns on holding Iljin Materials are expected to decrease at a much lower rate. During a bear market, however, Iljin Materials Co is likely to outperform the market. Additionally Iljin Materials Co 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. Iljin Materials Price Density |
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Predictive Modules for Iljin Materials
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Iljin Materials. 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.Please note, it is not enough to conduct a financial or market analysis of a single entity such as Iljin Materials. Your research has to be compared to or analyzed against Iljin Materials' peers to derive any actionable benefits. When done correctly, Iljin Materials' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Iljin Materials.Iljin Materials Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Iljin Materials is not an exception. The market had few large corrections towards the Iljin Materials' 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 Iljin Materials Co, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Iljin Materials within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.41 | |
β | Beta against Dow Jones | -0.16 | |
σ | Overall volatility | 4,754 | |
Ir | Information ratio | -0.17 |
Iljin Materials 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 Iljin Materials for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Iljin Materials can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Iljin Materials generated a negative expected return over the last 90 days | |
| Iljin Materials has high historical volatility and very poor performance |
Iljin Materials Technical Analysis
Iljin Materials' future price can be derived by breaking down and analyzing its technical indicators over time. Iljin Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Iljin Materials Co. In general, you should focus on analyzing Iljin Stock price patterns and their correlations with different microeconomic environments and drivers.
Iljin Materials Predictive Forecast Models
Iljin Materials' time-series forecasting models is one of many Iljin Materials' 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 Iljin Materials' 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 Iljin Materials
Checking the ongoing alerts about Iljin Materials for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Iljin Materials help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Iljin Materials generated a negative expected return over the last 90 days | |
| Iljin Materials has high historical volatility and very poor performance |