Chongqing Department (China) Probability of Future Stock Price Finishing Under 24.03
| 600729 Stock | 29.47 1.75 6.31% |
Chongqing |
Chongqing Department Target Price Odds to finish below 24.03
The tendency of Chongqing 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 24.03 or more in 90 days |
| 29.47 | 90 days | 24.03 | about 70.95 |
Based on a normal probability distribution, the odds of Chongqing Department to drop to 24.03 or more in 90 days from now is about 70.95 (This Chongqing Department Store probability density function shows the probability of Chongqing Stock to fall within a particular range of prices over 90 days) . Probability of Chongqing Department price to stay between 24.03 and its current price of 29.47 at the end of the 90-day period is about 27.07 .
Assuming the 90 days trading horizon Chongqing Department Store has a beta of -0.62. This suggests as returns on the benchmark increase, returns on holding Chongqing Department are expected to decrease at a much lower rate. During a bear market, however, Chongqing Department Store is likely to outperform the market. Additionally Chongqing Department Store has an alpha of 0.8183, implying that it can generate a 0.82 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Chongqing Department Price Density |
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Predictive Modules for Chongqing Department
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Chongqing Department. 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.Chongqing Department Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Chongqing Department is not an exception. The market had few large corrections towards the Chongqing Department'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 Chongqing Department Store, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Chongqing Department within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.82 | |
β | Beta against Dow Jones | -0.62 | |
σ | Overall volatility | 3.57 | |
Ir | Information ratio | 0.18 |
Chongqing Department 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 Chongqing Department for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Chongqing Department can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Chongqing Department appears to be risky and price may revert if volatility continues | |
| About 59.0% of the company shares are owned by insiders or employees | |
| Latest headline from news.google.com: Chongqing Department StoreLtds Anemic Earnings Might Be Worse Than You Think - Simply Wall St |
Chongqing Department 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 Chongqing Stock often depends not only on the future outlook of the current and potential Chongqing Department'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. Chongqing Department's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 406.5 M |
Chongqing Department Technical Analysis
Chongqing Department's future price can be derived by breaking down and analyzing its technical indicators over time. Chongqing Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Chongqing Department Store. In general, you should focus on analyzing Chongqing Stock price patterns and their correlations with different microeconomic environments and drivers.
Chongqing Department Predictive Forecast Models
Chongqing Department's time-series forecasting models is one of many Chongqing Department'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 Chongqing Department'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 Chongqing Department
Checking the ongoing alerts about Chongqing Department for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Chongqing Department help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Chongqing Department appears to be risky and price may revert if volatility continues | |
| About 59.0% of the company shares are owned by insiders or employees | |
| Latest headline from news.google.com: Chongqing Department StoreLtds Anemic Earnings Might Be Worse Than You Think - Simply Wall St |
Other Information on Investing in Chongqing Stock
Chongqing Department financial ratios help investors to determine whether Chongqing 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 Chongqing with respect to the benefits of owning Chongqing Department security.