Daewon Chemical (Korea) Probability of Future Stock Price Finishing Under 1034.09
| 024890 Stock | 1,152 68.00 6.27% |
Daewon |
Daewon Chemical Target Price Odds to finish below 1034.09
The tendency of Daewon 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 1,034 or more in 90 days |
| 1,152 | 90 days | 1,034 | about 8.5 |
Based on a normal probability distribution, the odds of Daewon Chemical to drop to 1,034 or more in 90 days from now is about 8.5 (This Daewon Chemical Co probability density function shows the probability of Daewon Stock to fall within a particular range of prices over 90 days) . Probability of Daewon Chemical price to stay between 1,034 and its current price of 1152.0 at the end of the 90-day period is about 35.72 .
Assuming the 90 days trading horizon Daewon Chemical Co has a beta of -0.53. This suggests as returns on the benchmark increase, returns on holding Daewon Chemical are expected to decrease at a much lower rate. During a bear market, however, Daewon Chemical Co is likely to outperform the market. Additionally Daewon Chemical 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. Daewon Chemical Price Density |
| Price |
Predictive Modules for Daewon Chemical
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Daewon Chemical. 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.Daewon Chemical Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Daewon Chemical is not an exception. The market had few large corrections towards the Daewon Chemical'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 Daewon Chemical Co, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Daewon Chemical within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.02 | |
β | Beta against Dow Jones | -0.53 | |
σ | Overall volatility | 96.30 | |
Ir | Information ratio | -0.05 |
Daewon Chemical 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 Daewon Chemical for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Daewon Chemical can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Daewon Chemical generated a negative expected return over the last 90 days | |
| Daewon Chemical has high historical volatility and very poor performance |
Daewon Chemical Technical Analysis
Daewon Chemical's future price can be derived by breaking down and analyzing its technical indicators over time. Daewon Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Daewon Chemical Co. In general, you should focus on analyzing Daewon Stock price patterns and their correlations with different microeconomic environments and drivers.
Daewon Chemical Predictive Forecast Models
Daewon Chemical's time-series forecasting models is one of many Daewon Chemical'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 Daewon Chemical'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 Daewon Chemical
Checking the ongoing alerts about Daewon Chemical for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Daewon Chemical help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Daewon Chemical generated a negative expected return over the last 90 days | |
| Daewon Chemical has high historical volatility and very poor performance |
Other Information on Investing in Daewon Stock
Daewon Chemical financial ratios help investors to determine whether Daewon 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 Daewon with respect to the benefits of owning Daewon Chemical security.