FoodNamoo (Korea) Probability of Future Stock Price Finishing Under 3173.13
| 290720 Stock | 3,040 20.00 0.65% |
FoodNamoo |
FoodNamoo Target Price Odds to finish below 3173.13
The tendency of FoodNamoo 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 3,173 after 90 days |
| 3,040 | 90 days | 3,173 | about 20.11 |
Based on a normal probability distribution, the odds of FoodNamoo to stay under 3,173 after 90 days from now is about 20.11 (This FoodNamoo probability density function shows the probability of FoodNamoo Stock to fall within a particular range of prices over 90 days) . Probability of FoodNamoo price to stay between its current price of 3,040 and 3,173 at the end of the 90-day period is about 9.01 .
Assuming the 90 days trading horizon FoodNamoo has a beta of -0.5. This suggests as returns on the benchmark increase, returns on holding FoodNamoo are expected to decrease at a much lower rate. During a bear market, however, FoodNamoo is likely to outperform the market. Additionally FoodNamoo 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. FoodNamoo Price Density |
| Price |
Predictive Modules for FoodNamoo
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as FoodNamoo. 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.FoodNamoo Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. FoodNamoo is not an exception. The market had few large corrections towards the FoodNamoo'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 FoodNamoo, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of FoodNamoo within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.31 | |
β | Beta against Dow Jones | -0.5 | |
σ | Overall volatility | 348.65 | |
Ir | Information ratio | -0.11 |
FoodNamoo 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 FoodNamoo for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for FoodNamoo can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| FoodNamoo generated a negative expected return over the last 90 days | |
| FoodNamoo has high historical volatility and very poor performance |
FoodNamoo Technical Analysis
FoodNamoo's future price can be derived by breaking down and analyzing its technical indicators over time. FoodNamoo Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of FoodNamoo. In general, you should focus on analyzing FoodNamoo Stock price patterns and their correlations with different microeconomic environments and drivers.
FoodNamoo Predictive Forecast Models
FoodNamoo's time-series forecasting models is one of many FoodNamoo'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 FoodNamoo'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 FoodNamoo
Checking the ongoing alerts about FoodNamoo for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for FoodNamoo help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| FoodNamoo generated a negative expected return over the last 90 days | |
| FoodNamoo has high historical volatility and very poor performance |
Other Information on Investing in FoodNamoo Stock
FoodNamoo financial ratios help investors to determine whether FoodNamoo 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 FoodNamoo with respect to the benefits of owning FoodNamoo security.