Zhejiang Tongxing (China) Probability of Future Stock Price Finishing Under 19.72
| 301252 Stock | 29.53 0.15 0.51% |
Zhejiang |
Zhejiang Tongxing Target Price Odds to finish below 19.72
The tendency of Zhejiang 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 drop to 19.72 or more in 90 days |
| 29.53 | 90 days | 19.72 | near 1 |
Based on a normal probability distribution, the odds of Zhejiang Tongxing to drop to 19.72 or more in 90 days from now is near 1 (This Zhejiang Tongxing Technology probability density function shows the probability of Zhejiang Stock to fall within a particular range of prices over 90 days) . Probability of Zhejiang Tongxing price to stay between 19.72 and its current price of 29.53 at the end of the 90-day period is about 81.47 .
Assuming the 90 days trading horizon Zhejiang Tongxing Technology has a beta of -0.23. This suggests as returns on the benchmark increase, returns on holding Zhejiang Tongxing are expected to decrease at a much lower rate. During a bear market, however, Zhejiang Tongxing Technology is likely to outperform the market. Additionally Zhejiang Tongxing Technology has an alpha of 0.3512, implying that it can generate a 0.35 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Zhejiang Tongxing Price Density |
| Price |
Predictive Modules for Zhejiang Tongxing
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Zhejiang Tongxing. 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.Zhejiang Tongxing Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Zhejiang Tongxing is not an exception. The market had few large corrections towards the Zhejiang Tongxing'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 Zhejiang Tongxing Technology, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Zhejiang Tongxing within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.35 | |
β | Beta against Dow Jones | -0.23 | |
σ | Overall volatility | 2.66 | |
Ir | Information ratio | 0.06 |
Zhejiang Tongxing 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 Zhejiang Tongxing for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Zhejiang Tongxing can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Zhejiang Tongxing appears to be risky and price may revert if volatility continues | |
| About 77.0% of the company shares are owned by insiders or employees |
Zhejiang Tongxing Technical Analysis
Zhejiang Tongxing's future price can be derived by breaking down and analyzing its technical indicators over time. Zhejiang Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Zhejiang Tongxing Technology. In general, you should focus on analyzing Zhejiang Stock price patterns and their correlations with different microeconomic environments and drivers.
Zhejiang Tongxing Predictive Forecast Models
Zhejiang Tongxing's time-series forecasting models is one of many Zhejiang Tongxing'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 Zhejiang Tongxing'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 Zhejiang Tongxing
Checking the ongoing alerts about Zhejiang Tongxing for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Zhejiang Tongxing help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Zhejiang Tongxing appears to be risky and price may revert if volatility continues | |
| About 77.0% of the company shares are owned by insiders or employees |
Other Information on Investing in Zhejiang Stock
Zhejiang Tongxing financial ratios help investors to determine whether Zhejiang 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 Zhejiang with respect to the benefits of owning Zhejiang Tongxing security.