Joincare Pharmaceutical (China) Probability of Future Stock Price Finishing Under 11.35
| 600380 Stock | 11.12 0.05 0.45% |
Joincare |
Joincare Pharmaceutical Target Price Odds to finish below 11.35
The tendency of Joincare 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 11.35 after 90 days |
| 11.12 | 90 days | 11.35 | about 75.63 |
Based on a normal probability distribution, the odds of Joincare Pharmaceutical to stay under 11.35 after 90 days from now is about 75.63 (This Joincare Pharmaceutical Group probability density function shows the probability of Joincare Stock to fall within a particular range of prices over 90 days) . Probability of Joincare Pharmaceutical price to stay between its current price of 11.12 and 11.35 at the end of the 90-day period is about 9.43 .
Assuming the 90 days trading horizon Joincare Pharmaceutical Group has a beta of -0.47. This suggests as returns on the benchmark increase, returns on holding Joincare Pharmaceutical are expected to decrease at a much lower rate. During a bear market, however, Joincare Pharmaceutical Group is likely to outperform the market. Additionally Joincare Pharmaceutical Group has an alpha of 0.1554, implying that it can generate a 0.16 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Joincare Pharmaceutical Price Density |
| Price |
Predictive Modules for Joincare Pharmaceutical
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Joincare Pharmaceutical. 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.Joincare Pharmaceutical Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Joincare Pharmaceutical is not an exception. The market had few large corrections towards the Joincare Pharmaceutical'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 Joincare Pharmaceutical Group, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Joincare Pharmaceutical within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.16 | |
β | Beta against Dow Jones | -0.47 | |
σ | Overall volatility | 0.83 | |
Ir | Information ratio | -0.008 |
Joincare Pharmaceutical 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 Joincare Pharmaceutical for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Joincare Pharmaceutical can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Joincare Pharmaceutical is unlikely to experience financial distress in the next 2 years | |
| About 50.0% of the company shares are owned by insiders or employees |
Joincare Pharmaceutical 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 Joincare Stock often depends not only on the future outlook of the current and potential Joincare Pharmaceutical'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. Joincare Pharmaceutical's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 1.9 B |
Joincare Pharmaceutical Technical Analysis
Joincare Pharmaceutical's future price can be derived by breaking down and analyzing its technical indicators over time. Joincare Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Joincare Pharmaceutical Group. In general, you should focus on analyzing Joincare Stock price patterns and their correlations with different microeconomic environments and drivers.
Joincare Pharmaceutical Predictive Forecast Models
Joincare Pharmaceutical's time-series forecasting models is one of many Joincare Pharmaceutical'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 Joincare Pharmaceutical'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 Joincare Pharmaceutical
Checking the ongoing alerts about Joincare Pharmaceutical for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Joincare Pharmaceutical help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Joincare Pharmaceutical is unlikely to experience financial distress in the next 2 years | |
| About 50.0% of the company shares are owned by insiders or employees |
Other Information on Investing in Joincare Stock
Joincare Pharmaceutical financial ratios help investors to determine whether Joincare 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 Joincare with respect to the benefits of owning Joincare Pharmaceutical security.