Chifeng Jilong (China) Probability of Future Stock Price Finishing Under 14.46
| 600988 Stock | 16.96 0.12 0.71% |
Chifeng |
Chifeng Jilong Target Price Odds to finish below 14.46
The tendency of Chifeng 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 14.46 or more in 90 days |
| 16.96 | 90 days | 14.46 | near 1 |
Based on a normal probability distribution, the odds of Chifeng Jilong to drop to 14.46 or more in 90 days from now is near 1 (This Chifeng Jilong Gold probability density function shows the probability of Chifeng Stock to fall within a particular range of prices over 90 days) . Probability of Chifeng Jilong Gold price to stay between 14.46 and its current price of 16.96 at the end of the 90-day period is about 13.88 .
Assuming the 90 days trading horizon Chifeng Jilong Gold has a beta of -0.35. This suggests as returns on the benchmark increase, returns on holding Chifeng Jilong are expected to decrease at a much lower rate. During a bear market, however, Chifeng Jilong Gold is likely to outperform the market. Additionally Chifeng Jilong Gold 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. Chifeng Jilong Price Density |
| Price |
Predictive Modules for Chifeng Jilong
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Chifeng Jilong Gold. 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.Chifeng Jilong Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Chifeng Jilong is not an exception. The market had few large corrections towards the Chifeng Jilong'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 Chifeng Jilong Gold, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Chifeng Jilong within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.09 | |
β | Beta against Dow Jones | -0.35 | |
σ | Overall volatility | 1.07 | |
Ir | Information ratio | -0.1 |
Chifeng Jilong 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 Chifeng Jilong for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Chifeng Jilong Gold can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Chifeng Jilong Gold is unlikely to experience financial distress in the next 2 years | |
| About 19.0% of the company shares are owned by insiders or employees |
Chifeng Jilong 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 Chifeng Stock often depends not only on the future outlook of the current and potential Chifeng Jilong'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. Chifeng Jilong's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 1.7 B |
Chifeng Jilong Technical Analysis
Chifeng Jilong's future price can be derived by breaking down and analyzing its technical indicators over time. Chifeng Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Chifeng Jilong Gold. In general, you should focus on analyzing Chifeng Stock price patterns and their correlations with different microeconomic environments and drivers.
Chifeng Jilong Predictive Forecast Models
Chifeng Jilong's time-series forecasting models is one of many Chifeng Jilong'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 Chifeng Jilong'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 Chifeng Jilong Gold
Checking the ongoing alerts about Chifeng Jilong for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Chifeng Jilong Gold help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Chifeng Jilong Gold is unlikely to experience financial distress in the next 2 years | |
| About 19.0% of the company shares are owned by insiders or employees |
Other Information on Investing in Chifeng Stock
Chifeng Jilong financial ratios help investors to determine whether Chifeng 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 Chifeng with respect to the benefits of owning Chifeng Jilong security.