Dong-A Steel (Korea) Probability of Future Stock Price Finishing Over 3100.0
| 058730 Stock | 2,875 275.00 10.58% |
Dong-A |
Dong-A Steel Target Price Odds to finish over 3100.0
The tendency of Dong-A 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 3,100 or more in 90 days |
| 2,875 | 90 days | 3,100 | about 79.8 |
Based on a normal probability distribution, the odds of Dong-A Steel to move over 3,100 or more in 90 days from now is about 79.8 (This Dong A Steel Technology probability density function shows the probability of Dong-A Stock to fall within a particular range of prices over 90 days) . Probability of Dong A Steel price to stay between its current price of 2,875 and 3,100 at the end of the 90-day period is about 17.39 .
Assuming the 90 days trading horizon Dong-A Steel has a beta of 0.51. This suggests as returns on the market go up, Dong-A Steel average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Dong A Steel Technology will be expected to be much smaller as well. Additionally Dong A Steel Technology 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. Dong-A Steel Price Density |
| Price |
Predictive Modules for Dong-A 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 Dong A 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.Dong-A Steel Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Dong-A Steel is not an exception. The market had few large corrections towards the Dong-A 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 Dong A Steel Technology, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Dong-A Steel within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.2 | |
β | Beta against Dow Jones | 0.51 | |
σ | Overall volatility | 209.37 | |
Ir | Information ratio | -0.07 |
Dong-A 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 Dong-A Steel for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Dong A 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.| Dong A Steel generated a negative expected return over the last 90 days | |
| Dong A Steel has high historical volatility and very poor performance |
Dong-A Steel Technical Analysis
Dong-A Steel's future price can be derived by breaking down and analyzing its technical indicators over time. Dong-A Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Dong A Steel Technology. In general, you should focus on analyzing Dong-A Stock price patterns and their correlations with different microeconomic environments and drivers.
Dong-A Steel Predictive Forecast Models
Dong-A Steel's time-series forecasting models is one of many Dong-A 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 Dong-A 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 Dong A Steel
Checking the ongoing alerts about Dong-A Steel for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Dong A Steel help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Dong A Steel generated a negative expected return over the last 90 days | |
| Dong A Steel has high historical volatility and very poor performance |
Other Information on Investing in Dong-A Stock
Dong-A Steel financial ratios help investors to determine whether Dong-A 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 Dong-A with respect to the benefits of owning Dong-A Steel security.