Zhongshan Broad-Ocean (China) Probability of Future Stock Price Finishing Over 7.60
| 002249 Stock | 5.51 0.11 2.04% |
Zhongshan |
Zhongshan Broad-Ocean Target Price Odds to finish over 7.60
The tendency of Zhongshan 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 7.60 or more in 90 days |
| 5.51 | 90 days | 7.60 | near 1 |
Based on a normal probability distribution, the odds of Zhongshan Broad-Ocean to move over 7.60 or more in 90 days from now is near 1 (This Zhongshan Broad Ocean Motor probability density function shows the probability of Zhongshan Stock to fall within a particular range of prices over 90 days) . Probability of Zhongshan Broad Ocean price to stay between its current price of 5.51 and 7.60 at the end of the 90-day period is about 23.47 .
Assuming the 90 days trading horizon Zhongshan Broad Ocean Motor has a beta of -0.37. This suggests as returns on the benchmark increase, returns on holding Zhongshan Broad-Ocean are expected to decrease at a much lower rate. During a bear market, however, Zhongshan Broad Ocean Motor is likely to outperform the market. Additionally Zhongshan Broad Ocean Motor has an alpha of 0.3634, implying that it can generate a 0.36 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Zhongshan Broad-Ocean Price Density |
| Price |
Predictive Modules for Zhongshan Broad-Ocean
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Zhongshan Broad Ocean. 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.Zhongshan Broad-Ocean Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Zhongshan Broad-Ocean is not an exception. The market had few large corrections towards the Zhongshan Broad-Ocean'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 Zhongshan Broad Ocean Motor, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Zhongshan Broad-Ocean within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.36 | |
β | Beta against Dow Jones | -0.37 | |
σ | Overall volatility | 0.47 | |
Ir | Information ratio | 0.09 |
Zhongshan Broad-Ocean 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 Zhongshan Broad-Ocean for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Zhongshan Broad Ocean can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Zhongshan Broad-Ocean is unlikely to experience financial distress in the next 2 years | |
| About 40.0% of the company shares are owned by insiders or employees | |
| Latest headline from news.google.com: Is Zhongshan Broad-Ocean Motor Co., Ltd.s Recent Stock Performance Influenced By Its Fundamentals In Any Way - Simply Wall St |
Zhongshan Broad-Ocean 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 Zhongshan Stock often depends not only on the future outlook of the current and potential Zhongshan Broad-Ocean'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. Zhongshan Broad-Ocean's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 2.4 B |
Zhongshan Broad-Ocean Technical Analysis
Zhongshan Broad-Ocean's future price can be derived by breaking down and analyzing its technical indicators over time. Zhongshan Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Zhongshan Broad Ocean Motor. In general, you should focus on analyzing Zhongshan Stock price patterns and their correlations with different microeconomic environments and drivers.
Zhongshan Broad-Ocean Predictive Forecast Models
Zhongshan Broad-Ocean's time-series forecasting models is one of many Zhongshan Broad-Ocean'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 Zhongshan Broad-Ocean'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 Zhongshan Broad Ocean
Checking the ongoing alerts about Zhongshan Broad-Ocean for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Zhongshan Broad Ocean help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Zhongshan Broad-Ocean is unlikely to experience financial distress in the next 2 years | |
| About 40.0% of the company shares are owned by insiders or employees | |
| Latest headline from news.google.com: Is Zhongshan Broad-Ocean Motor Co., Ltd.s Recent Stock Performance Influenced By Its Fundamentals In Any Way - Simply Wall St |
Other Information on Investing in Zhongshan Stock
Zhongshan Broad-Ocean financial ratios help investors to determine whether Zhongshan 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 Zhongshan with respect to the benefits of owning Zhongshan Broad-Ocean security.