Wuxi Xinhongye (China) Probability of Future Stock Price Finishing Under 20.16
| 301310 Stock | 24.59 0.36 1.44% |
Wuxi |
Wuxi Xinhongye Target Price Odds to finish below 20.16
The tendency of Wuxi 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 20.16 or more in 90 days |
| 24.59 | 90 days | 20.16 | about 11.4 |
Based on a normal probability distribution, the odds of Wuxi Xinhongye to drop to 20.16 or more in 90 days from now is about 11.4 (This Wuxi Xinhongye Wire probability density function shows the probability of Wuxi Stock to fall within a particular range of prices over 90 days) . Probability of Wuxi Xinhongye Wire price to stay between 20.16 and its current price of 24.59 at the end of the 90-day period is about 56.14 .
Assuming the 90 days trading horizon Wuxi Xinhongye Wire has a beta of -0.46. This suggests as returns on the benchmark increase, returns on holding Wuxi Xinhongye are expected to decrease at a much lower rate. During a bear market, however, Wuxi Xinhongye Wire is likely to outperform the market. Additionally Wuxi Xinhongye Wire has an alpha of 0.3769, implying that it can generate a 0.38 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Wuxi Xinhongye Price Density |
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Predictive Modules for Wuxi Xinhongye
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Wuxi Xinhongye Wire. 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.Wuxi Xinhongye Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Wuxi Xinhongye is not an exception. The market had few large corrections towards the Wuxi Xinhongye'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 Wuxi Xinhongye Wire, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Wuxi Xinhongye within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.38 | |
β | Beta against Dow Jones | -0.46 | |
σ | Overall volatility | 2.67 | |
Ir | Information ratio | 0.05 |
Wuxi Xinhongye 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 Wuxi Xinhongye for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Wuxi Xinhongye Wire can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Wuxi Xinhongye Wire had very high historical volatility over the last 90 days | |
| About 70.0% of the company shares are owned by insiders or employees |
Wuxi Xinhongye Technical Analysis
Wuxi Xinhongye's future price can be derived by breaking down and analyzing its technical indicators over time. Wuxi Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Wuxi Xinhongye Wire. In general, you should focus on analyzing Wuxi Stock price patterns and their correlations with different microeconomic environments and drivers.
Wuxi Xinhongye Predictive Forecast Models
Wuxi Xinhongye's time-series forecasting models is one of many Wuxi Xinhongye'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 Wuxi Xinhongye'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 Wuxi Xinhongye Wire
Checking the ongoing alerts about Wuxi Xinhongye for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Wuxi Xinhongye Wire help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Wuxi Xinhongye Wire had very high historical volatility over the last 90 days | |
| About 70.0% of the company shares are owned by insiders or employees |
Other Information on Investing in Wuxi Stock
Wuxi Xinhongye financial ratios help investors to determine whether Wuxi 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 Wuxi with respect to the benefits of owning Wuxi Xinhongye security.