CareRay Digital (China) Probability of Future Stock Price Finishing Under 11.67
| 688607 Stock | 15.64 0.49 3.23% |
CareRay |
CareRay Digital Target Price Odds to finish below 11.67
The tendency of CareRay 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 11.67 or more in 90 days |
| 15.64 | 90 days | 11.67 | about 29.21 |
Based on a normal probability distribution, the odds of CareRay Digital to drop to 11.67 or more in 90 days from now is about 29.21 (This CareRay Digital Medical probability density function shows the probability of CareRay Stock to fall within a particular range of prices over 90 days) . Probability of CareRay Digital Medical price to stay between 11.67 and its current price of 15.64 at the end of the 90-day period is about 62.92 .
Assuming the 90 days trading horizon CareRay Digital Medical has a beta of -0.34. This suggests as returns on the benchmark increase, returns on holding CareRay Digital are expected to decrease at a much lower rate. During a bear market, however, CareRay Digital Medical is likely to outperform the market. Additionally CareRay Digital Medical has an alpha of 0.7183, implying that it can generate a 0.72 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). CareRay Digital Price Density |
| Price |
Predictive Modules for CareRay Digital
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as CareRay Digital Medical. 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.CareRay Digital Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. CareRay Digital is not an exception. The market had few large corrections towards the CareRay Digital'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 CareRay Digital Medical, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of CareRay Digital within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.72 | |
β | Beta against Dow Jones | -0.34 | |
σ | Overall volatility | 2.02 | |
Ir | Information ratio | 0.17 |
CareRay Digital 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 CareRay Digital for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for CareRay Digital Medical can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| CareRay Digital appears to be risky and price may revert if volatility continues | |
| About 48.0% of the company shares are owned by insiders or employees |
CareRay Digital 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 CareRay Stock often depends not only on the future outlook of the current and potential CareRay Digital'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. CareRay Digital's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 88.1 M | |
| Dividends Paid | 34.3 K | |
| Forward Annual Dividend Rate | 0.05 | |
| Shares Float | 48.9 M |
CareRay Digital Technical Analysis
CareRay Digital's future price can be derived by breaking down and analyzing its technical indicators over time. CareRay Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of CareRay Digital Medical. In general, you should focus on analyzing CareRay Stock price patterns and their correlations with different microeconomic environments and drivers.
CareRay Digital Predictive Forecast Models
CareRay Digital's time-series forecasting models is one of many CareRay Digital'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 CareRay Digital'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 CareRay Digital Medical
Checking the ongoing alerts about CareRay Digital for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for CareRay Digital Medical help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| CareRay Digital appears to be risky and price may revert if volatility continues | |
| About 48.0% of the company shares are owned by insiders or employees |
Other Information on Investing in CareRay Stock
CareRay Digital financial ratios help investors to determine whether CareRay 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 CareRay with respect to the benefits of owning CareRay Digital security.