Luoyang Glass (China) Probability of Future Stock Price Finishing Over 12.04
| 600876 Stock | 10.59 0.29 2.82% |
Luoyang |
Luoyang Glass Target Price Odds to finish over 12.04
The tendency of Luoyang 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 12.04 or more in 90 days |
| 10.59 | 90 days | 12.04 | near 1 |
Based on a normal probability distribution, the odds of Luoyang Glass to move over 12.04 or more in 90 days from now is near 1 (This Luoyang Glass probability density function shows the probability of Luoyang Stock to fall within a particular range of prices over 90 days) . Probability of Luoyang Glass price to stay between its current price of 10.59 and 12.04 at the end of the 90-day period is about 17.31 .
Assuming the 90 days trading horizon Luoyang Glass has a beta of -0.11. This suggests as returns on the benchmark increase, returns on holding Luoyang Glass are expected to decrease at a much lower rate. During a bear market, however, Luoyang Glass is likely to outperform the market. Additionally Luoyang Glass has an alpha of 0.4232, implying that it can generate a 0.42 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Luoyang Glass Price Density |
| Price |
Predictive Modules for Luoyang Glass
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Luoyang Glass. 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.Luoyang Glass Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Luoyang Glass is not an exception. The market had few large corrections towards the Luoyang Glass' 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 Luoyang Glass, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Luoyang Glass within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.42 | |
β | Beta against Dow Jones | -0.11 | |
σ | Overall volatility | 0.94 | |
Ir | Information ratio | 0.08 |
Luoyang Glass 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 Luoyang Glass for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Luoyang Glass can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Luoyang Glass had very high historical volatility over the last 90 days | |
| About 53.0% of the company shares are owned by insiders or employees |
Luoyang Glass 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 Luoyang Stock often depends not only on the future outlook of the current and potential Luoyang Glass' 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. Luoyang Glass' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 645.7 M |
Luoyang Glass Technical Analysis
Luoyang Glass' future price can be derived by breaking down and analyzing its technical indicators over time. Luoyang Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Luoyang Glass. In general, you should focus on analyzing Luoyang Stock price patterns and their correlations with different microeconomic environments and drivers.
Luoyang Glass Predictive Forecast Models
Luoyang Glass' time-series forecasting models is one of many Luoyang Glass' 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 Luoyang Glass' 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 Luoyang Glass
Checking the ongoing alerts about Luoyang Glass for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Luoyang Glass help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Luoyang Glass had very high historical volatility over the last 90 days | |
| About 53.0% of the company shares are owned by insiders or employees |
Other Information on Investing in Luoyang Stock
Luoyang Glass financial ratios help investors to determine whether Luoyang 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 Luoyang with respect to the benefits of owning Luoyang Glass security.