BYD Company (Germany) Probability of Future Stock Price Finishing Under 17.36
| BY6 Stock | EUR 34.26 1.96 6.07% |
BYD |
BYD Company Target Price Odds to finish below 17.36
The tendency of BYD 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 € 17.36 or more in 90 days |
| 34.26 | 90 days | 17.36 | near 1 |
Based on a normal probability distribution, the odds of BYD Company to drop to € 17.36 or more in 90 days from now is near 1 (This BYD Company Limited probability density function shows the probability of BYD Stock to fall within a particular range of prices over 90 days) . Probability of BYD Limited price to stay between € 17.36 and its current price of €34.26 at the end of the 90-day period is about 79.78 .
Assuming the 90 days horizon BYD Company Limited has a beta of -0.6 suggesting as returns on the benchmark increase, returns on holding BYD Company are expected to decrease at a much lower rate. During a bear market, however, BYD Company Limited is likely to outperform the market. Additionally BYD Company Limited has an alpha of 0.4394, implying that it can generate a 0.44 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). BYD Company Price Density |
| Price |
Predictive Modules for BYD Company
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as BYD 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.BYD Company Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. BYD Company is not an exception. The market had few large corrections towards the BYD Company'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 BYD Company Limited, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of BYD Company within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.44 | |
β | Beta against Dow Jones | -0.6 | |
σ | Overall volatility | 2.48 | |
Ir | Information ratio | 0.09 |
BYD Company 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 BYD Stock often depends not only on the future outlook of the current and potential BYD Company'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. BYD Company's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 2.9 B |
BYD Company Technical Analysis
BYD Company's future price can be derived by breaking down and analyzing its technical indicators over time. BYD Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of BYD Company Limited. In general, you should focus on analyzing BYD Stock price patterns and their correlations with different microeconomic environments and drivers.
BYD Company Predictive Forecast Models
BYD Company's time-series forecasting models is one of many BYD Company'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 BYD Company'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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards BYD Company in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, BYD Company's short interest history, or implied volatility extrapolated from BYD Company options trading.
Other Information on Investing in BYD Stock
BYD Company financial ratios help investors to determine whether BYD 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 BYD with respect to the benefits of owning BYD Company security.