Korean Air (Korea) Probability of Future Stock Price Finishing Under 23,924
| 003495 Stock | 24,250 300.00 1.22% |
Korean |
Korean Air Target Price Odds to finish below 23,924
The tendency of Korean 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 below current price in 90 days |
| 24,250 | 90 days | 24,250 | roughly 96.0 |
Based on a normal probability distribution, the odds of Korean Air to move below current price in 90 days from now is roughly 96.0 (This Korean Air Lines probability density function shows the probability of Korean Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon Korean Air Lines has a beta of -0.034. This suggests as returns on the benchmark increase, returns on holding Korean Air are expected to decrease at a much lower rate. During a bear market, however, Korean Air Lines is likely to outperform the market. Additionally Korean Air Lines has an alpha of 0.0688, implying that it can generate a 0.0688 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Korean Air Price Density |
| Price |
Predictive Modules for Korean Air
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Korean Air Lines. 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.Korean Air Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Korean Air is not an exception. The market had few large corrections towards the Korean Air'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 Korean Air Lines, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Korean Air within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.07 | |
β | Beta against Dow Jones | -0.03 | |
σ | Overall volatility | 499.84 | |
Ir | Information ratio | -0.05 |
Korean Air 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 Korean Stock often depends not only on the future outlook of the current and potential Korean Air'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. Korean Air's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 347.8 M |
Korean Air Technical Analysis
Korean Air's future price can be derived by breaking down and analyzing its technical indicators over time. Korean Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Korean Air Lines. In general, you should focus on analyzing Korean Stock price patterns and their correlations with different microeconomic environments and drivers.
Korean Air Predictive Forecast Models
Korean Air's time-series forecasting models is one of many Korean Air'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 Korean Air'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 Korean Air 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, Korean Air's short interest history, or implied volatility extrapolated from Korean Air options trading.
Other Information on Investing in Korean Stock
Korean Air financial ratios help investors to determine whether Korean 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 Korean with respect to the benefits of owning Korean Air security.