Oriental Precision (Korea) Probability of Future Stock Price Finishing Under 4205.0
| 014940 Stock | KRW 5,260 415.00 8.57% |
Oriental |
Oriental Precision Target Price Odds to finish below 4205.0
The tendency of Oriental 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 W 4,205 or more in 90 days |
| 5,260 | 90 days | 4,205 | about 51.9 |
Based on a normal probability distribution, the odds of Oriental Precision to drop to W 4,205 or more in 90 days from now is about 51.9 (This Oriental Precision Engineering probability density function shows the probability of Oriental Stock to fall within a particular range of prices over 90 days) . Probability of Oriental Precision price to stay between W 4,205 and its current price of W5260.0 at the end of the 90-day period is about 43.92 .
Assuming the 90 days trading horizon the stock has the beta coefficient of 2.25 . This suggests as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Oriental Precision will likely underperform. Additionally Oriental Precision Engineering has an alpha of 0.4845, implying that it can generate a 0.48 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Oriental Precision Price Density |
| Price |
Predictive Modules for Oriental Precision
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Oriental Precision. 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.Oriental Precision Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Oriental Precision is not an exception. The market had few large corrections towards the Oriental Precision'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 Oriental Precision Engineering, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Oriental Precision within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.48 | |
β | Beta against Dow Jones | 2.25 | |
σ | Overall volatility | 622.94 | |
Ir | Information ratio | 0.13 |
Oriental Precision 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 Oriental Precision for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Oriental Precision can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Oriental Precision had very high historical volatility over the last 90 days | |
| Oriental Precision Engineering has accumulated about 8.02 B in cash with (1.5 B) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 375.05. | |
| Roughly 46.0% of the company shares are owned by insiders or employees |
Oriental Precision 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 Oriental Stock often depends not only on the future outlook of the current and potential Oriental Precision'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. Oriental Precision's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 45.5 M | |
| Cash And Short Term Investments | 18.5 B |
Oriental Precision Technical Analysis
Oriental Precision's future price can be derived by breaking down and analyzing its technical indicators over time. Oriental Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Oriental Precision Engineering. In general, you should focus on analyzing Oriental Stock price patterns and their correlations with different microeconomic environments and drivers.
Oriental Precision Predictive Forecast Models
Oriental Precision's time-series forecasting models is one of many Oriental Precision'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 Oriental Precision'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 Oriental Precision
Checking the ongoing alerts about Oriental Precision for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Oriental Precision help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Oriental Precision had very high historical volatility over the last 90 days | |
| Oriental Precision Engineering has accumulated about 8.02 B in cash with (1.5 B) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 375.05. | |
| Roughly 46.0% of the company shares are owned by insiders or employees |
Other Information on Investing in Oriental Stock
Oriental Precision financial ratios help investors to determine whether Oriental 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 Oriental with respect to the benefits of owning Oriental Precision security.