TOPMATERIAL (Korea) Probability of Future Stock Price Finishing Under 42000.0
| 360070 Stock | 26,950 750.00 2.71% |
TOPMATERIAL |
TOPMATERIAL Target Price Odds to finish below 42000.0
The tendency of TOPMATERIAL 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 42,000 after 90 days |
| 26,950 | 90 days | 42,000 | over 95.65 |
Based on a normal probability distribution, the odds of TOPMATERIAL to stay under 42,000 after 90 days from now is over 95.65 (This TOPMATERIAL LTD probability density function shows the probability of TOPMATERIAL Stock to fall within a particular range of prices over 90 days) . Probability of TOPMATERIAL LTD price to stay between its current price of 26,950 and 42,000 at the end of the 90-day period is about 91.08 .
Assuming the 90 days trading horizon TOPMATERIAL LTD has a beta of -0.24. This suggests as returns on the benchmark increase, returns on holding TOPMATERIAL are expected to decrease at a much lower rate. During a bear market, however, TOPMATERIAL LTD is likely to outperform the market. Additionally TOPMATERIAL LTD 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. TOPMATERIAL Price Density |
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Predictive Modules for TOPMATERIAL
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as TOPMATERIAL LTD. 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 TOPMATERIAL. Your research has to be compared to or analyzed against TOPMATERIAL's peers to derive any actionable benefits. When done correctly, TOPMATERIAL'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 TOPMATERIAL LTD.TOPMATERIAL Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. TOPMATERIAL is not an exception. The market had few large corrections towards the TOPMATERIAL'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 TOPMATERIAL LTD, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of TOPMATERIAL within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.5 | |
β | Beta against Dow Jones | -0.24 | |
σ | Overall volatility | 4,426 | |
Ir | Information ratio | -0.2 |
TOPMATERIAL 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 TOPMATERIAL for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for TOPMATERIAL LTD can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| TOPMATERIAL LTD generated a negative expected return over the last 90 days | |
| TOPMATERIAL LTD has high historical volatility and very poor performance |
TOPMATERIAL Technical Analysis
TOPMATERIAL's future price can be derived by breaking down and analyzing its technical indicators over time. TOPMATERIAL Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of TOPMATERIAL LTD. In general, you should focus on analyzing TOPMATERIAL Stock price patterns and their correlations with different microeconomic environments and drivers.
TOPMATERIAL Predictive Forecast Models
TOPMATERIAL's time-series forecasting models is one of many TOPMATERIAL'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 TOPMATERIAL'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 TOPMATERIAL LTD
Checking the ongoing alerts about TOPMATERIAL for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for TOPMATERIAL LTD help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| TOPMATERIAL LTD generated a negative expected return over the last 90 days | |
| TOPMATERIAL LTD has high historical volatility and very poor performance |