Zhengzhou Yutong (China) Probability of Future Stock Price Finishing Over 23.68
| 600066 Stock | 28.49 0.53 1.83% |
Zhengzhou |
Zhengzhou Yutong Target Price Odds to finish over 23.68
The tendency of Zhengzhou 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 23.68 in 90 days |
| 28.49 | 90 days | 23.68 | about 70.7 |
Based on a normal probability distribution, the odds of Zhengzhou Yutong to stay above 23.68 in 90 days from now is about 70.7 (This Zhengzhou Yutong Bus probability density function shows the probability of Zhengzhou Stock to fall within a particular range of prices over 90 days) . Probability of Zhengzhou Yutong Bus price to stay between 23.68 and its current price of 28.49 at the end of the 90-day period is about 66.37 .
Assuming the 90 days trading horizon Zhengzhou Yutong has a beta of 0.12. This suggests as returns on the market go up, Zhengzhou Yutong average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Zhengzhou Yutong Bus will be expected to be much smaller as well. Additionally Zhengzhou Yutong Bus has an alpha of 0.2186, implying that it can generate a 0.22 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Zhengzhou Yutong Price Density |
| Price |
Predictive Modules for Zhengzhou Yutong
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Zhengzhou Yutong Bus. 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.Zhengzhou Yutong Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Zhengzhou Yutong is not an exception. The market had few large corrections towards the Zhengzhou Yutong'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 Zhengzhou Yutong Bus, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Zhengzhou Yutong within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.22 | |
β | Beta against Dow Jones | 0.12 | |
σ | Overall volatility | 2.13 | |
Ir | Information ratio | 0.07 |
Zhengzhou Yutong 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 Zhengzhou Yutong for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Zhengzhou Yutong Bus can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Zhengzhou Yutong Bus is unlikely to experience financial distress in the next 2 years | |
| About 44.0% of the company shares are owned by insiders or employees |
Zhengzhou Yutong 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 Zhengzhou Stock often depends not only on the future outlook of the current and potential Zhengzhou Yutong'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. Zhengzhou Yutong's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 2.2 B | |
| Dividends Paid | 2.2 B | |
| Shares Float | 1.2 B |
Zhengzhou Yutong Technical Analysis
Zhengzhou Yutong's future price can be derived by breaking down and analyzing its technical indicators over time. Zhengzhou Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Zhengzhou Yutong Bus. In general, you should focus on analyzing Zhengzhou Stock price patterns and their correlations with different microeconomic environments and drivers.
Zhengzhou Yutong Predictive Forecast Models
Zhengzhou Yutong's time-series forecasting models is one of many Zhengzhou Yutong'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 Zhengzhou Yutong'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 Zhengzhou Yutong Bus
Checking the ongoing alerts about Zhengzhou Yutong for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Zhengzhou Yutong Bus help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Zhengzhou Yutong Bus is unlikely to experience financial distress in the next 2 years | |
| About 44.0% of the company shares are owned by insiders or employees |
Other Information on Investing in Zhengzhou Stock
Zhengzhou Yutong financial ratios help investors to determine whether Zhengzhou 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 Zhengzhou with respect to the benefits of owning Zhengzhou Yutong security.