Daedong Metals (Korea) Probability of Future Stock Price Finishing Under 8050.24
| 020400 Stock | KRW 7,390 610.00 7.62% |
Daedong |
Daedong Metals Target Price Odds to finish below 8050.24
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 stay under W 8,050 after 90 days |
| 7,390 | 90 days | 8,050 | close to 99 |
Based on a normal probability distribution, the odds of Daedong Metals to stay under W 8,050 after 90 days from now is close to 99 (This Daedong Metals Co probability density function shows the probability of Daedong Stock to fall within a particular range of prices over 90 days) . Probability of Daedong Metals price to stay between its current price of W 7,390 and W 8,050 at the end of the 90-day period is near 1 .
Assuming the 90 days trading horizon Daedong Metals has a beta of 0.83. This suggests as returns on the market go up, Daedong Metals average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Daedong Metals Co will be expected to be much smaller as well. Additionally Daedong Metals Co has an alpha of 0.1451, implying that it can generate a 0.15 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Daedong Metals Price Density |
| Price |
Predictive Modules for Daedong Metals
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 Metals. 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 Metals Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Daedong Metals is not an exception. The market had few large corrections towards the Daedong Metals' 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 Metals Co, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Daedong Metals within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.15 | |
β | Beta against Dow Jones | 0.83 | |
σ | Overall volatility | 339.54 | |
Ir | Information ratio | 0.03 |
Daedong Metals 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 Metals for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Daedong Metals 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 Metals had very high historical volatility over the last 90 days | |
| Daedong Metals has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Daedong Metals Co has accumulated 2.34 B in total debt with debt to equity ratio (D/E) of 103.8, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Daedong Metals has a current ratio of 0.76, 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 Metals until it has trouble settling it off, either with new capital or with free cash flow. So, Daedong Metals' 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 Metals 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 Metals' use of debt, we should always consider it together with cash and equity. | |
| Daedong Metals Co has accumulated about 125.92 M in cash with (1.4 B) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 5.96. | |
| Roughly 53.0% of Daedong Metals shares are owned by insiders or employees |
Daedong Metals 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 Metals' 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 Metals' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 3.2 M | |
| Cash And Short Term Investments | 151.7 M |
Daedong Metals Technical Analysis
Daedong Metals' 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 Metals Co. In general, you should focus on analyzing Daedong Stock price patterns and their correlations with different microeconomic environments and drivers.
Daedong Metals Predictive Forecast Models
Daedong Metals' time-series forecasting models is one of many Daedong Metals' 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 Metals' 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 Metals
Checking the ongoing alerts about Daedong Metals for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Daedong Metals help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Daedong Metals had very high historical volatility over the last 90 days | |
| Daedong Metals has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Daedong Metals Co has accumulated 2.34 B in total debt with debt to equity ratio (D/E) of 103.8, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Daedong Metals has a current ratio of 0.76, 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 Metals until it has trouble settling it off, either with new capital or with free cash flow. So, Daedong Metals' 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 Metals 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 Metals' use of debt, we should always consider it together with cash and equity. | |
| Daedong Metals Co has accumulated about 125.92 M in cash with (1.4 B) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 5.96. | |
| Roughly 53.0% of Daedong Metals shares are owned by insiders or employees |
Other Information on Investing in Daedong Stock
Daedong Metals 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 Metals security.