Daejung Chemicals (Korea) Probability of Future Stock Price Finishing Under 12640.09
| 120240 Stock | KRW 12,780 20.00 0.16% |
Daejung |
Daejung Chemicals Target Price Odds to finish below 12640.09
The tendency of Daejung 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 W 12,640 or more in 90 days |
| 12,780 | 90 days | 12,640 | roughly 2.99 |
Based on a normal probability distribution, the odds of Daejung Chemicals to drop to W 12,640 or more in 90 days from now is roughly 2.99 (This Daejung Chemicals Metals probability density function shows the probability of Daejung Stock to fall within a particular range of prices over 90 days) . Probability of Daejung Chemicals Metals price to stay between W 12,640 and its current price of W12780.0 at the end of the 90-day period is about 1.31 .
Assuming the 90 days trading horizon Daejung Chemicals Metals has a beta of -0.33. This suggests as returns on the benchmark increase, returns on holding Daejung Chemicals are expected to decrease at a much lower rate. During a bear market, however, Daejung Chemicals Metals is likely to outperform the market. Additionally Daejung Chemicals Metals 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. Daejung Chemicals Price Density |
| Price |
Predictive Modules for Daejung Chemicals
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Daejung Chemicals 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.Daejung Chemicals Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Daejung Chemicals is not an exception. The market had few large corrections towards the Daejung Chemicals' 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 Daejung Chemicals Metals, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Daejung Chemicals within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.27 | |
β | Beta against Dow Jones | -0.33 | |
σ | Overall volatility | 854.39 | |
Ir | Information ratio | -0.3 |
Daejung Chemicals 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 Daejung Chemicals for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Daejung Chemicals 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.| Daejung Chemicals generated a negative expected return over the last 90 days | |
| About 51.0% of the company shares are owned by insiders or employees |
Daejung Chemicals 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 Daejung Stock often depends not only on the future outlook of the current and potential Daejung Chemicals' 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. Daejung Chemicals' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 7.2 M | |
| Cash And Short Term Investments | 43.7 B |
Daejung Chemicals Technical Analysis
Daejung Chemicals' future price can be derived by breaking down and analyzing its technical indicators over time. Daejung Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Daejung Chemicals Metals. In general, you should focus on analyzing Daejung Stock price patterns and their correlations with different microeconomic environments and drivers.
Daejung Chemicals Predictive Forecast Models
Daejung Chemicals' time-series forecasting models is one of many Daejung Chemicals' 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 Daejung Chemicals' 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 Daejung Chemicals Metals
Checking the ongoing alerts about Daejung Chemicals for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Daejung Chemicals Metals help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Daejung Chemicals generated a negative expected return over the last 90 days | |
| About 51.0% of the company shares are owned by insiders or employees |
Other Information on Investing in Daejung Stock
Daejung Chemicals financial ratios help investors to determine whether Daejung 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 Daejung with respect to the benefits of owning Daejung Chemicals security.