Gyeongnam Steel (Korea) Probability of Future Stock Price Finishing Over 3108.85
| 039240 Stock | KRW 3,265 5.00 0.15% |
Gyeongnam |
Gyeongnam Steel Target Price Odds to finish over 3108.85
The tendency of Gyeongnam 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 above W 3,109 in 90 days |
| 3,265 | 90 days | 3,109 | about 68.6 |
Based on a normal probability distribution, the odds of Gyeongnam Steel to stay above W 3,109 in 90 days from now is about 68.6 (This Gyeongnam Steel Co probability density function shows the probability of Gyeongnam Stock to fall within a particular range of prices over 90 days) . Probability of Gyeongnam Steel price to stay between W 3,109 and its current price of W3265.0 at the end of the 90-day period is about 44.06 .
Assuming the 90 days trading horizon Gyeongnam Steel has a beta of 0.21. This suggests as returns on the market go up, Gyeongnam Steel average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Gyeongnam Steel Co will be expected to be much smaller as well. Additionally Gyeongnam Steel Co has an alpha of 0.0976, implying that it can generate a 0.0976 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Gyeongnam Steel Price Density |
| Price |
Predictive Modules for Gyeongnam 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 Gyeongnam 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Gyeongnam Steel's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Gyeongnam Steel Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Gyeongnam Steel is not an exception. The market had few large corrections towards the Gyeongnam 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 Gyeongnam Steel Co, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Gyeongnam Steel within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.1 | |
β | Beta against NYSE Composite | 0.21 | |
σ | Overall volatility | 133.05 | |
Ir | Information ratio | 0.02 |
Gyeongnam 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 Gyeongnam Steel for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Gyeongnam 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.| About 44.0% of the company shares are owned by insiders or employees |
Gyeongnam Steel 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 Gyeongnam Stock often depends not only on the future outlook of the current and potential Gyeongnam Steel'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. Gyeongnam Steel's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 25 M | |
| Cash And Short Term Investments | 7.1 B |
Gyeongnam Steel Technical Analysis
Gyeongnam Steel's future price can be derived by breaking down and analyzing its technical indicators over time. Gyeongnam Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Gyeongnam Steel Co. In general, you should focus on analyzing Gyeongnam Stock price patterns and their correlations with different microeconomic environments and drivers.
Gyeongnam Steel Predictive Forecast Models
Gyeongnam Steel's time-series forecasting models is one of many Gyeongnam 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 Gyeongnam 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 Gyeongnam Steel
Checking the ongoing alerts about Gyeongnam Steel for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Gyeongnam Steel help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| About 44.0% of the company shares are owned by insiders or employees |
Check out Gyeongnam Steel Backtesting, Gyeongnam Steel Valuation, Gyeongnam Steel Correlation, Gyeongnam Steel Hype Analysis, Gyeongnam Steel Volatility, Gyeongnam Steel History as well as Gyeongnam Steel Performance. Note that the Gyeongnam Steel information on this page should be used as a complementary analysis to other Gyeongnam Steel's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the CEOs Directory module to screen CEOs from public companies around the world.
Complementary Tools for Gyeongnam Stock analysis
When running Gyeongnam Steel's price analysis, check to measure Gyeongnam Steel's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Gyeongnam Steel is operating at the current time. Most of Gyeongnam Steel's value examination focuses on studying past and present price action to predict the probability of Gyeongnam Steel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gyeongnam Steel's price. Additionally, you may evaluate how the addition of Gyeongnam Steel to your portfolios can decrease your overall portfolio volatility.
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