INNOX Advanced (Korea) Probability of Future Stock Price Finishing Under 22579.5
| 272290 Stock | 21,450 800.00 3.60% |
INNOX |
INNOX Advanced Target Price Odds to finish below 22579.5
The tendency of INNOX 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 22,580 after 90 days |
| 21,450 | 90 days | 22,580 | about 13.94 |
Based on a normal probability distribution, the odds of INNOX Advanced to stay under 22,580 after 90 days from now is about 13.94 (This INNOX Advanced Materials probability density function shows the probability of INNOX Stock to fall within a particular range of prices over 90 days) . Probability of INNOX Advanced Materials price to stay between its current price of 21,450 and 22,580 at the end of the 90-day period is about 8.53 .
Assuming the 90 days trading horizon INNOX Advanced Materials has a beta of -0.41. This suggests as returns on the benchmark increase, returns on holding INNOX Advanced are expected to decrease at a much lower rate. During a bear market, however, INNOX Advanced Materials is likely to outperform the market. Additionally INNOX Advanced Materials 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. INNOX Advanced Price Density |
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Predictive Modules for INNOX Advanced
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as INNOX Advanced Materials. 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.INNOX Advanced Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. INNOX Advanced is not an exception. The market had few large corrections towards the INNOX Advanced'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 INNOX Advanced Materials, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of INNOX Advanced within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.34 | |
β | Beta against Dow Jones | -0.41 | |
σ | Overall volatility | 2,174 | |
Ir | Information ratio | -0.22 |
INNOX Advanced 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 INNOX Advanced for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for INNOX Advanced Materials can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| INNOX Advanced generated a negative expected return over the last 90 days |
INNOX Advanced Technical Analysis
INNOX Advanced's future price can be derived by breaking down and analyzing its technical indicators over time. INNOX Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of INNOX Advanced Materials. In general, you should focus on analyzing INNOX Stock price patterns and their correlations with different microeconomic environments and drivers.
INNOX Advanced Predictive Forecast Models
INNOX Advanced's time-series forecasting models is one of many INNOX Advanced'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 INNOX Advanced'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 INNOX Advanced Materials
Checking the ongoing alerts about INNOX Advanced for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for INNOX Advanced Materials help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| INNOX Advanced generated a negative expected return over the last 90 days |
Other Information on Investing in INNOX Stock
INNOX Advanced financial ratios help investors to determine whether INNOX 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 INNOX with respect to the benefits of owning INNOX Advanced security.