Shandong Gold (China) Probability of Future Stock Price Finishing Over 26.71
| 600547 Stock | 24.66 0.57 2.26% |
Shandong |
Shandong Gold Target Price Odds to finish over 26.71
The tendency of Shandong 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 over 26.71 or more in 90 days |
| 24.66 | 90 days | 26.71 | about 55.3 |
Based on a normal probability distribution, the odds of Shandong Gold to move over 26.71 or more in 90 days from now is about 55.3 (This Shandong Gold Mining probability density function shows the probability of Shandong Stock to fall within a particular range of prices over 90 days) . Probability of Shandong Gold Mining price to stay between its current price of 24.66 and 26.71 at the end of the 90-day period is about 36.25 .
Assuming the 90 days trading horizon Shandong Gold Mining has a beta of -0.0572. This suggests as returns on the benchmark increase, returns on holding Shandong Gold are expected to decrease at a much lower rate. During a bear market, however, Shandong Gold Mining is likely to outperform the market. Additionally Shandong Gold Mining 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. Shandong Gold Price Density |
| Price |
Predictive Modules for Shandong Gold
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Shandong Gold Mining. 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.Shandong Gold Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Shandong Gold is not an exception. The market had few large corrections towards the Shandong Gold'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 Shandong Gold Mining, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Shandong Gold within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.23 | |
β | Beta against Dow Jones | -0.06 | |
σ | Overall volatility | 1.65 | |
Ir | Information ratio | -0.17 |
Shandong Gold 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 Shandong Gold for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Shandong Gold Mining can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Shandong Gold Mining generated a negative expected return over the last 90 days | |
| About 57.0% of the company shares are owned by insiders or employees | |
| Latest headline from news.google.com: Private companies account for 46 percent of Shandong Gold Mining Co., Ltd.s ownership, while individual investors account for 32 percent - Simply Wall St |
Shandong Gold 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 Shandong Stock often depends not only on the future outlook of the current and potential Shandong Gold'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. Shandong Gold's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 4.5 B |
Shandong Gold Technical Analysis
Shandong Gold's future price can be derived by breaking down and analyzing its technical indicators over time. Shandong Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Shandong Gold Mining. In general, you should focus on analyzing Shandong Stock price patterns and their correlations with different microeconomic environments and drivers.
Shandong Gold Predictive Forecast Models
Shandong Gold's time-series forecasting models is one of many Shandong Gold'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 Shandong Gold'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 Shandong Gold Mining
Checking the ongoing alerts about Shandong Gold for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Shandong Gold Mining help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Shandong Gold Mining generated a negative expected return over the last 90 days | |
| About 57.0% of the company shares are owned by insiders or employees | |
| Latest headline from news.google.com: Private companies account for 46 percent of Shandong Gold Mining Co., Ltd.s ownership, while individual investors account for 32 percent - Simply Wall St |
Other Information on Investing in Shandong Stock
Shandong Gold financial ratios help investors to determine whether Shandong 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 Shandong with respect to the benefits of owning Shandong Gold security.