Ningbo MedicalSystem (China) Probability of Future Stock Price Finishing Over 10.76
| 300439 Stock | 10.81 0.61 5.34% |
Ningbo |
Ningbo MedicalSystem Target Price Odds to finish over 10.76
The tendency of Ningbo 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 10.76 in 90 days |
| 10.81 | 90 days | 10.76 | about 31.35 |
Based on a normal probability distribution, the odds of Ningbo MedicalSystem to stay above 10.76 in 90 days from now is about 31.35 (This Ningbo MedicalSystem Biotechnology probability density function shows the probability of Ningbo Stock to fall within a particular range of prices over 90 days) . Probability of Ningbo MedicalSystem price to stay between 10.76 and its current price of 10.81 at the end of the 90-day period is about 1.64 .
Assuming the 90 days trading horizon Ningbo MedicalSystem Biotechnology has a beta of -0.47. This suggests as returns on the benchmark increase, returns on holding Ningbo MedicalSystem are expected to decrease at a much lower rate. During a bear market, however, Ningbo MedicalSystem Biotechnology is likely to outperform the market. Additionally Ningbo MedicalSystem Biotechnology has an alpha of 0.3597, implying that it can generate a 0.36 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Ningbo MedicalSystem Price Density |
| Price |
Predictive Modules for Ningbo MedicalSystem
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Ningbo MedicalSystem. 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.Ningbo MedicalSystem Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Ningbo MedicalSystem is not an exception. The market had few large corrections towards the Ningbo MedicalSystem'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 Ningbo MedicalSystem Biotechnology, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Ningbo MedicalSystem within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.36 | |
β | Beta against Dow Jones | -0.47 | |
σ | Overall volatility | 1.07 | |
Ir | Information ratio | 0.05 |
Ningbo MedicalSystem 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 Ningbo MedicalSystem for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Ningbo MedicalSystem can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Ningbo MedicalSystem had very high historical volatility over the last 90 days | |
| Ningbo MedicalSystem is unlikely to experience financial distress in the next 2 years | |
| About 49.0% of the company shares are owned by insiders or employees |
Ningbo MedicalSystem 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 Ningbo Stock often depends not only on the future outlook of the current and potential Ningbo MedicalSystem's 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. Ningbo MedicalSystem's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 383 M |
Ningbo MedicalSystem Technical Analysis
Ningbo MedicalSystem's future price can be derived by breaking down and analyzing its technical indicators over time. Ningbo Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Ningbo MedicalSystem Biotechnology. In general, you should focus on analyzing Ningbo Stock price patterns and their correlations with different microeconomic environments and drivers.
Ningbo MedicalSystem Predictive Forecast Models
Ningbo MedicalSystem's time-series forecasting models is one of many Ningbo MedicalSystem'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 Ningbo MedicalSystem'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 Ningbo MedicalSystem
Checking the ongoing alerts about Ningbo MedicalSystem for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Ningbo MedicalSystem help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Ningbo MedicalSystem had very high historical volatility over the last 90 days | |
| Ningbo MedicalSystem is unlikely to experience financial distress in the next 2 years | |
| About 49.0% of the company shares are owned by insiders or employees |
Other Information on Investing in Ningbo Stock
Ningbo MedicalSystem financial ratios help investors to determine whether Ningbo 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 Ningbo with respect to the benefits of owning Ningbo MedicalSystem security.