Hi Trend (China) Odds of Future Stock Price Finishing Over 40.19
| 688391 Stock | 33.76 0.52 1.56% |
688391 |
Hi Trend Target Price Odds to finish over 40.19
The tendency of 688391 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 40.19 or more in 90 days |
| 33.76 | 90 days | 40.19 | about 1.35 |
Based on a normal probability distribution, the odds of Hi Trend to move over 40.19 or more in 90 days from now is about 1.35 (This Hi Trend TechCo probability density function shows the probability of 688391 Stock to fall within a particular range of prices over 90 days) . Probability of Hi Trend TechCo price to stay between its current price of 33.76 and 40.19 at the end of the 90-day period is about 25.91 .
Assuming the 90 days trading horizon Hi Trend TechCo has a beta of -0.31. This suggests as returns on the benchmark increase, returns on holding Hi Trend are expected to decrease at a much lower rate. During a bear market, however, Hi Trend TechCo is likely to outperform the market. Additionally Hi Trend TechCo has an alpha of 0.5293, implying that it can generate a 0.53 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Hi Trend Price Density |
| Price |
Predictive Modules for Hi Trend
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Hi Trend TechCo. 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.Hi Trend Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Hi Trend is not an exception. The market had few large corrections towards the Hi Trend'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 Hi Trend TechCo, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Hi Trend within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.53 | |
β | Beta against Dow Jones | -0.31 | |
σ | Overall volatility | 4.00 | |
Ir | Information ratio | 0.08 |
Hi Trend 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 Hi Trend for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Hi Trend TechCo can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Hi Trend TechCo is way too risky over 90 days horizon | |
| Hi Trend TechCo appears to be risky and price may revert if volatility continues | |
| Hi Trend TechCo is unlikely to experience financial distress in the next 2 years | |
| About 63.0% of the company shares are owned by insiders or employees | |
| Latest headline from news.google.com: Theres Reason For Concern Over Jiangsu Yitong High-Tech Co., Ltd.s Massive 37 percent Price Jump - Simply Wall St |
Hi Trend 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 688391 Stock often depends not only on the future outlook of the current and potential Hi Trend'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. Hi Trend's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 121.1 M |
Hi Trend Technical Analysis
Hi Trend's future price can be derived by breaking down and analyzing its technical indicators over time. 688391 Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Hi Trend TechCo. In general, you should focus on analyzing 688391 Stock price patterns and their correlations with different microeconomic environments and drivers.
Hi Trend Predictive Forecast Models
Hi Trend's time-series forecasting models is one of many Hi Trend'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 Hi Trend'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 Hi Trend TechCo
Checking the ongoing alerts about Hi Trend for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Hi Trend TechCo help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Hi Trend TechCo is way too risky over 90 days horizon | |
| Hi Trend TechCo appears to be risky and price may revert if volatility continues | |
| Hi Trend TechCo is unlikely to experience financial distress in the next 2 years | |
| About 63.0% of the company shares are owned by insiders or employees | |
| Latest headline from news.google.com: Theres Reason For Concern Over Jiangsu Yitong High-Tech Co., Ltd.s Massive 37 percent Price Jump - Simply Wall St |
Other Information on Investing in 688391 Stock
Hi Trend financial ratios help investors to determine whether 688391 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 688391 with respect to the benefits of owning Hi Trend security.