Hites SA (Chile) Odds of Future Stock Price Finishing Over 80.10
| HITES Stock | CLP 70.05 2.16 2.99% |
Hites |
Hites SA Target Price Odds to finish over 80.10
The tendency of Hites 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 80.10 or more in 90 days |
| 70.05 | 90 days | 80.10 | about 82.71 |
Based on a normal probability distribution, the odds of Hites SA to move over 80.10 or more in 90 days from now is about 82.71 (This Hites SA probability density function shows the probability of Hites Stock to fall within a particular range of prices over 90 days) . Probability of Hites SA price to stay between its current price of 70.05 and 80.10 at the end of the 90-day period is about 15.07 .
Assuming the 90 days trading horizon Hites SA has a beta of -0.49. This usually indicates as returns on the benchmark increase, returns on holding Hites SA are expected to decrease at a much lower rate. During a bear market, however, Hites SA is likely to outperform the market. Additionally Hites SA 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. Hites SA Price Density |
| Price |
Predictive Modules for Hites SA
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Hites SA. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hites SA's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hites SA Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Hites SA is not an exception. The market had few large corrections towards the Hites SA'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 Hites SA, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Hites SA within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.44 | |
β | Beta against Dow Jones | -0.49 | |
σ | Overall volatility | 9.41 | |
Ir | Information ratio | -0.23 |
Hites SA 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 Hites SA for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Hites SA can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Hites SA generated a negative expected return over the last 90 days | |
| Hites SA has high historical volatility and very poor performance | |
| Hites SA has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Over 83.0% of the company shares are owned by institutional investors |
Hites SA 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 Hites Stock often depends not only on the future outlook of the current and potential Hites SA'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. Hites SA's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 377.1 M |
Hites SA Technical Analysis
Hites SA's future price can be derived by breaking down and analyzing its technical indicators over time. Hites Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Hites SA. In general, you should focus on analyzing Hites Stock price patterns and their correlations with different microeconomic environments and drivers.
Hites SA Predictive Forecast Models
Hites SA's time-series forecasting models is one of many Hites SA'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 Hites SA'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 Hites SA
Checking the ongoing alerts about Hites SA for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Hites SA help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Hites SA generated a negative expected return over the last 90 days | |
| Hites SA has high historical volatility and very poor performance | |
| Hites SA has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Over 83.0% of the company shares are owned by institutional investors |
Additional Tools for Hites Stock Analysis
When running Hites SA's price analysis, check to measure Hites SA's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Hites SA is operating at the current time. Most of Hites SA's value examination focuses on studying past and present price action to predict the probability of Hites SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hites SA's price. Additionally, you may evaluate how the addition of Hites SA to your portfolios can decrease your overall portfolio volatility.