J Steel (Korea) Odds of Future Stock Price Finishing Under 1870.54
| 023440 Stock | 1,868 119.00 6.80% |
023440 |
J Steel Target Price Odds to finish below 1870.54
The tendency of 023440 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 stay under 1,871 after 90 days |
| 1,868 | 90 days | 1,871 | about 73.01 |
Based on a normal probability distribution, the odds of J Steel to stay under 1,871 after 90 days from now is about 73.01 (This J Steel Co probability density function shows the probability of 023440 Stock to fall within a particular range of prices over 90 days) . Probability of J Steel price to stay between its current price of 1,868 and 1,871 at the end of the 90-day period is near 1 .
Assuming the 90 days trading horizon J Steel has a beta of 0.69. This suggests as returns on the market go up, J Steel average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding J Steel Co will be expected to be much smaller as well. Additionally J Steel Co has an alpha of 0.5784, implying that it can generate a 0.58 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). J Steel Price Density |
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Predictive Modules for J Steel
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as J Steel. 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.Please note, it is not enough to conduct a financial or market analysis of a single entity such as J Steel. Your research has to be compared to or analyzed against J Steel's peers to derive any actionable benefits. When done correctly, J Steel's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in J Steel.J Steel Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. J Steel is not an exception. The market had few large corrections towards the J Steel'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 J Steel Co, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of J Steel within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.58 | |
β | Beta against Dow Jones | 0.69 | |
σ | Overall volatility | 259.81 | |
Ir | Information ratio | 0.12 |
J Steel 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 J Steel for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for J Steel can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| J Steel appears to be risky and price may revert if volatility continues |
J Steel Technical Analysis
J Steel's future price can be derived by breaking down and analyzing its technical indicators over time. 023440 Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of J Steel Co. In general, you should focus on analyzing 023440 Stock price patterns and their correlations with different microeconomic environments and drivers.
J Steel Predictive Forecast Models
J Steel's time-series forecasting models is one of many J Steel'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 J Steel'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 J Steel
Checking the ongoing alerts about J Steel for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for J Steel help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| J Steel appears to be risky and price may revert if volatility continues |