Yong Concrete (Thailand) Probability of Future Stock Price Finishing Under 1.12
| YONG Stock | 1.23 0.01 0.82% |
Yong |
Yong Concrete Target Price Odds to finish below 1.12
The tendency of Yong 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 1.12 or more in 90 days |
| 1.23 | 90 days | 1.12 | near 1 |
Based on a normal probability distribution, the odds of Yong Concrete to drop to 1.12 or more in 90 days from now is near 1 (This Yong Concrete PCL probability density function shows the probability of Yong Stock to fall within a particular range of prices over 90 days) . Probability of Yong Concrete PCL price to stay between 1.12 and its current price of 1.23 at the end of the 90-day period is under 4.
Assuming the 90 days trading horizon Yong Concrete PCL has a beta of -0.25. This entails as returns on the benchmark increase, returns on holding Yong Concrete are expected to decrease at a much lower rate. During a bear market, however, Yong Concrete PCL is likely to outperform the market. Additionally Yong Concrete PCL 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. Yong Concrete Price Density |
| Price |
Predictive Modules for Yong Concrete
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Yong Concrete PCL. 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.Yong Concrete Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Yong Concrete is not an exception. The market had few large corrections towards the Yong Concrete'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 Yong Concrete PCL, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Yong Concrete within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.24 | |
β | Beta against Dow Jones | -0.25 | |
σ | Overall volatility | 0.14 | |
Ir | Information ratio | -0.17 |
Yong Concrete 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 Yong Concrete for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Yong Concrete PCL can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Yong Concrete PCL generated a negative expected return over the last 90 days | |
| Yong Concrete PCL may become a speculative penny stock | |
| About 79.0% of the company outstanding shares are owned by insiders |
Yong Concrete Technical Analysis
Yong Concrete's future price can be derived by breaking down and analyzing its technical indicators over time. Yong Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Yong Concrete PCL. In general, you should focus on analyzing Yong Stock price patterns and their correlations with different microeconomic environments and drivers.
Yong Concrete Predictive Forecast Models
Yong Concrete's time-series forecasting models is one of many Yong Concrete'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 Yong Concrete'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 Yong Concrete PCL
Checking the ongoing alerts about Yong Concrete for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Yong Concrete PCL help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Yong Concrete PCL generated a negative expected return over the last 90 days | |
| Yong Concrete PCL may become a speculative penny stock | |
| About 79.0% of the company outstanding shares are owned by insiders |
Other Information on Investing in Yong Stock
Yong Concrete financial ratios help investors to determine whether Yong 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 Yong with respect to the benefits of owning Yong Concrete security.