Finework New (China) Probability of Future Stock Price Finishing Under 30.01
| 301232 Stock | 29.85 0.11 0.37% |
Finework |
Finework New Target Price Odds to finish below 30.01
The tendency of Finework 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 30.01 after 90 days |
| 29.85 | 90 days | 30.01 | about 75.78 |
Based on a normal probability distribution, the odds of Finework New to stay under 30.01 after 90 days from now is about 75.78 (This Finework New Energy probability density function shows the probability of Finework Stock to fall within a particular range of prices over 90 days) . Probability of Finework New Energy price to stay between its current price of 29.85 and 30.01 at the end of the 90-day period is about 1.57 .
Assuming the 90 days trading horizon Finework New has a beta of 0.49. This suggests as returns on the market go up, Finework New average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Finework New Energy will be expected to be much smaller as well. Additionally Finework New Energy has an alpha of 0.4045, implying that it can generate a 0.4 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Finework New Price Density |
| Price |
Predictive Modules for Finework New
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Finework New Energy. 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.Finework New Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Finework New is not an exception. The market had few large corrections towards the Finework New'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 Finework New Energy, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Finework New within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.40 | |
β | Beta against Dow Jones | 0.49 | |
σ | Overall volatility | 3.23 | |
Ir | Information ratio | 0.07 |
Finework New 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 Finework New for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Finework New Energy can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Finework New Energy is way too risky over 90 days horizon | |
| Finework New Energy appears to be risky and price may revert if volatility continues | |
| Finework New Energy has high likelihood to experience some financial distress in the next 2 years | |
| About 63.0% of the company shares are owned by insiders or employees |
Finework New Technical Analysis
Finework New's future price can be derived by breaking down and analyzing its technical indicators over time. Finework Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Finework New Energy. In general, you should focus on analyzing Finework Stock price patterns and their correlations with different microeconomic environments and drivers.
Finework New Predictive Forecast Models
Finework New's time-series forecasting models is one of many Finework New'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 Finework New'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 Finework New Energy
Checking the ongoing alerts about Finework New for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Finework New Energy help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Finework New Energy is way too risky over 90 days horizon | |
| Finework New Energy appears to be risky and price may revert if volatility continues | |
| Finework New Energy has high likelihood to experience some financial distress in the next 2 years | |
| About 63.0% of the company shares are owned by insiders or employees |
Other Information on Investing in Finework Stock
Finework New financial ratios help investors to determine whether Finework 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 Finework with respect to the benefits of owning Finework New security.