Kakao Games (Korea) Probability of Future Stock Price Finishing Over 16726.5
| 293490 Stock | 18,150 170.00 0.95% |
Kakao |
Kakao Games Target Price Odds to finish over 16726.5
The tendency of Kakao 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 above 16,726 in 90 days |
| 18,150 | 90 days | 16,726 | about 71.84 |
Based on a normal probability distribution, the odds of Kakao Games to stay above 16,726 in 90 days from now is about 71.84 (This Kakao Games Corp probability density function shows the probability of Kakao Stock to fall within a particular range of prices over 90 days) . Probability of Kakao Games Corp price to stay between 16,726 and its current price of 18150.0 at the end of the 90-day period is about 60.31 .
Assuming the 90 days trading horizon Kakao Games has a beta of 0.24. This suggests as returns on the market go up, Kakao Games average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Kakao Games Corp will be expected to be much smaller as well. Additionally Kakao Games Corp 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. Kakao Games Price Density |
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Predictive Modules for Kakao Games
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Kakao Games Corp. 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.Kakao Games Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Kakao Games is not an exception. The market had few large corrections towards the Kakao Games' 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 Kakao Games Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Kakao Games within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.03 | |
β | Beta against Dow Jones | 0.24 | |
σ | Overall volatility | 800.90 | |
Ir | Information ratio | -0.05 |
Kakao Games Technical Analysis
Kakao Games' future price can be derived by breaking down and analyzing its technical indicators over time. Kakao Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Kakao Games Corp. In general, you should focus on analyzing Kakao Stock price patterns and their correlations with different microeconomic environments and drivers.
Kakao Games Predictive Forecast Models
Kakao Games' time-series forecasting models is one of many Kakao Games' 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 Kakao Games' 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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Kakao Games in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Kakao Games' short interest history, or implied volatility extrapolated from Kakao Games options trading.
Other Information on Investing in Kakao Stock
Kakao Games financial ratios help investors to determine whether Kakao 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 Kakao with respect to the benefits of owning Kakao Games security.