DRB Hicom (Malaysia) Probability of Future Stock Price Finishing Over 1.0
| 1619 Stock | 1.00 0.02 1.96% |
DRB |
DRB Hicom Target Price Odds to finish over 1.0
The tendency of DRB 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 above the current price in 90 days |
| 1.00 | 90 days | 1.00 | about 91.96 |
Based on a normal probability distribution, the odds of DRB Hicom to move above the current price in 90 days from now is about 91.96 (This DRB Hicom probability density function shows the probability of DRB Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon DRB Hicom has a beta of 0.31. This suggests as returns on the market go up, DRB Hicom average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding DRB Hicom will be expected to be much smaller as well. Additionally DRB Hicom 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. DRB Hicom Price Density |
| Price |
Predictive Modules for DRB Hicom
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as DRB Hicom. 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.DRB Hicom Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. DRB Hicom is not an exception. The market had few large corrections towards the DRB Hicom'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 DRB Hicom, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of DRB Hicom within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.39 | |
β | Beta against Dow Jones | 0.31 | |
σ | Overall volatility | 0.07 | |
Ir | Information ratio | -0.24 |
DRB Hicom 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 DRB Hicom for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for DRB Hicom can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| DRB Hicom generated a negative expected return over the last 90 days | |
| DRB Hicom has some characteristics of a very speculative penny stock |
DRB Hicom Technical Analysis
DRB Hicom's future price can be derived by breaking down and analyzing its technical indicators over time. DRB Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of DRB Hicom. In general, you should focus on analyzing DRB Stock price patterns and their correlations with different microeconomic environments and drivers.
DRB Hicom Predictive Forecast Models
DRB Hicom's time-series forecasting models is one of many DRB Hicom'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 DRB Hicom'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 DRB Hicom
Checking the ongoing alerts about DRB Hicom for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for DRB Hicom help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| DRB Hicom generated a negative expected return over the last 90 days | |
| DRB Hicom has some characteristics of a very speculative penny stock |