Top Material (Korea) Probability of Future Stock Price Finishing Under 30,256
| 360070 Stock | 30,900 850.00 2.68% |
Top |
Top Material Target Price Odds to finish below 30,256
The tendency of Top 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 move below current price in 90 days |
| 30,900 | 90 days | 30,900 | about 6.9 |
Based on a normal probability distribution, the odds of Top Material to move below current price in 90 days from now is about 6.9 (This Top Material Co probability density function shows the probability of Top Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon Top Material has a beta of 0.0809. This suggests as returns on the market go up, Top Material average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Top Material Co will be expected to be much smaller as well. Additionally Top Material Co 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. Top Material Price Density |
| Price |
Predictive Modules for Top Material
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Top Material. 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.Top Material Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Top Material is not an exception. The market had few large corrections towards the Top Material'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 Top Material Co, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Top Material within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.41 | |
β | Beta against Dow Jones | 0.08 | |
σ | Overall volatility | 3,534 | |
Ir | Information ratio | -0.17 |
Top Material 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 Top Material for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Top Material can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Top Material generated a negative expected return over the last 90 days | |
| Top Material has high historical volatility and very poor performance |
Top Material Technical Analysis
Top Material's future price can be derived by breaking down and analyzing its technical indicators over time. Top Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Top Material Co. In general, you should focus on analyzing Top Stock price patterns and their correlations with different microeconomic environments and drivers.
Top Material Predictive Forecast Models
Top Material's time-series forecasting models is one of many Top Material'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 Top Material'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 Top Material
Checking the ongoing alerts about Top Material for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Top Material help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Top Material generated a negative expected return over the last 90 days | |
| Top Material has high historical volatility and very poor performance |
Other Information on Investing in Top Stock
Top Material financial ratios help investors to determine whether Top 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 Top with respect to the benefits of owning Top Material security.