Homecast CoLtd (Korea) Probability of Future Stock Price Finishing Under 2615.91
| 064240 Stock | KRW 2,515 50.00 1.95% |
Homecast |
Homecast CoLtd Target Price Odds to finish below 2615.91
The tendency of Homecast 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 2,616 after 90 days |
| 2,515 | 90 days | 2,616 | about 16.23 |
Based on a normal probability distribution, the odds of Homecast CoLtd to stay under W 2,616 after 90 days from now is about 16.23 (This Homecast CoLtd probability density function shows the probability of Homecast Stock to fall within a particular range of prices over 90 days) . Probability of Homecast CoLtd price to stay between its current price of W 2,515 and W 2,616 at the end of the 90-day period is about 11.34 .
Assuming the 90 days trading horizon Homecast CoLtd has a beta of -0.12. This suggests as returns on the benchmark increase, returns on holding Homecast CoLtd are expected to decrease at a much lower rate. During a bear market, however, Homecast CoLtd is likely to outperform the market. Additionally Homecast CoLtd 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. Homecast CoLtd Price Density |
| Price |
Predictive Modules for Homecast CoLtd
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Homecast CoLtd. 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.Homecast CoLtd Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Homecast CoLtd is not an exception. The market had few large corrections towards the Homecast CoLtd'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 Homecast CoLtd, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Homecast CoLtd within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.26 | |
β | Beta against Dow Jones | -0.12 | |
σ | Overall volatility | 152.19 | |
Ir | Information ratio | -0.16 |
Homecast CoLtd 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 Homecast CoLtd for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Homecast CoLtd can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Homecast CoLtd generated a negative expected return over the last 90 days | |
| Homecast CoLtd has accumulated about 16.17 B in cash with (28.4 B) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 178.04. |
Homecast CoLtd 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 Homecast Stock often depends not only on the future outlook of the current and potential Homecast CoLtd'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. Homecast CoLtd's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 34.7 M | |
| Cash And Short Term Investments | 16.2 B |
Homecast CoLtd Technical Analysis
Homecast CoLtd's future price can be derived by breaking down and analyzing its technical indicators over time. Homecast Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Homecast CoLtd. In general, you should focus on analyzing Homecast Stock price patterns and their correlations with different microeconomic environments and drivers.
Homecast CoLtd Predictive Forecast Models
Homecast CoLtd's time-series forecasting models is one of many Homecast CoLtd'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 Homecast CoLtd'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 Homecast CoLtd
Checking the ongoing alerts about Homecast CoLtd for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Homecast CoLtd help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Homecast CoLtd generated a negative expected return over the last 90 days | |
| Homecast CoLtd has accumulated about 16.17 B in cash with (28.4 B) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 178.04. |
Other Information on Investing in Homecast Stock
Homecast CoLtd financial ratios help investors to determine whether Homecast 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 Homecast with respect to the benefits of owning Homecast CoLtd security.