Shinsegae Engineering (Korea) Probability of Future Stock Price Finishing Under 18,023
| 034300 Stock | 18,030 20.00 0.11% |
Shinsegae |
Shinsegae Engineering Target Price Odds to finish below 18,023
The tendency of Shinsegae 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 move below current price in 90 days |
| 18,030 | 90 days | 18,030 | about 75.27 |
Based on a normal probability distribution, the odds of Shinsegae Engineering to move below current price in 90 days from now is about 75.27 (This Shinsegae Engineering Construction probability density function shows the probability of Shinsegae Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon Shinsegae Engineering has a beta of 0.0364. This suggests as returns on the market go up, Shinsegae Engineering average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Shinsegae Engineering Construction will be expected to be much smaller as well. Additionally Shinsegae Engineering Construction has an alpha of 0.4903, implying that it can generate a 0.49 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Shinsegae Engineering Price Density |
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Predictive Modules for Shinsegae Engineering
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Shinsegae Engineering. 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.Shinsegae Engineering Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Shinsegae Engineering is not an exception. The market had few large corrections towards the Shinsegae Engineering'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 Shinsegae Engineering Construction, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Shinsegae Engineering within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.49 | |
β | Beta against Dow Jones | 0.04 | |
σ | Overall volatility | 2,327 | |
Ir | Information ratio | 0.16 |
Shinsegae Engineering Technical Analysis
Shinsegae Engineering's future price can be derived by breaking down and analyzing its technical indicators over time. Shinsegae Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Shinsegae Engineering Construction. In general, you should focus on analyzing Shinsegae Stock price patterns and their correlations with different microeconomic environments and drivers.
Shinsegae Engineering Predictive Forecast Models
Shinsegae Engineering's time-series forecasting models is one of many Shinsegae Engineering'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 Shinsegae Engineering'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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Shinsegae Engineering in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Shinsegae Engineering's short interest history, or implied volatility extrapolated from Shinsegae Engineering options trading.
Other Information on Investing in Shinsegae Stock
Shinsegae Engineering financial ratios help investors to determine whether Shinsegae 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 Shinsegae with respect to the benefits of owning Shinsegae Engineering security.