CNOOC (China) Chance of Future Stock Price Finishing Under 25.57
| 600938 Stock | 26.18 0.16 0.61% |
CNOOC |
CNOOC Target Price Odds to finish below 25.57
The tendency of CNOOC 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 25.57 or more in 90 days |
| 26.18 | 90 days | 25.57 | about 10.49 |
Based on a normal probability distribution, the odds of CNOOC to drop to 25.57 or more in 90 days from now is about 10.49 (This CNOOC Limited probability density function shows the probability of CNOOC Stock to fall within a particular range of prices over 90 days) . Probability of CNOOC Limited price to stay between 25.57 and its current price of 26.18 at the end of the 90-day period is about 11.76 .
Assuming the 90 days trading horizon CNOOC Limited has a beta of -0.27. This suggests as returns on the benchmark increase, returns on holding CNOOC are expected to decrease at a much lower rate. During a bear market, however, CNOOC Limited is likely to outperform the market. Additionally CNOOC Limited 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. CNOOC Price Density |
| Price |
Predictive Modules for CNOOC
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as CNOOC Limited. 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.CNOOC Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. CNOOC is not an exception. The market had few large corrections towards the CNOOC'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 CNOOC Limited, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of CNOOC within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.02 | |
β | Beta against Dow Jones | -0.27 | |
σ | Overall volatility | 1.25 | |
Ir | Information ratio | -0.08 |
CNOOC 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 CNOOC for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for CNOOC Limited can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| CNOOC Limited generated a negative expected return over the last 90 days | |
| About 31.0% of the company shares are owned by insiders or employees | |
| Latest headline from news.google.com: CNOOC shareholders have earned a 45 percent CAGR over the last three years - Simply Wall St |
CNOOC Technical Analysis
CNOOC's future price can be derived by breaking down and analyzing its technical indicators over time. CNOOC Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of CNOOC Limited. In general, you should focus on analyzing CNOOC Stock price patterns and their correlations with different microeconomic environments and drivers.
CNOOC Predictive Forecast Models
CNOOC's time-series forecasting models is one of many CNOOC'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 CNOOC'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 CNOOC Limited
Checking the ongoing alerts about CNOOC for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for CNOOC Limited help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| CNOOC Limited generated a negative expected return over the last 90 days | |
| About 31.0% of the company shares are owned by insiders or employees | |
| Latest headline from news.google.com: CNOOC shareholders have earned a 45 percent CAGR over the last three years - Simply Wall St |
Other Information on Investing in CNOOC Stock
CNOOC financial ratios help investors to determine whether CNOOC 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 CNOOC with respect to the benefits of owning CNOOC security.