SK Chemicals (Korea) Probability of Future Stock Price Finishing Over 22829.89
| 28513K Stock | 23,550 250.00 1.07% |
28513K |
SK Chemicals Target Price Odds to finish over 22829.89
The tendency of 28513K 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 22,830 in 90 days |
| 23,550 | 90 days | 22,830 | about 89.21 |
Based on a normal probability distribution, the odds of SK Chemicals to stay above 22,830 in 90 days from now is about 89.21 (This SK Chemicals Co probability density function shows the probability of 28513K Stock to fall within a particular range of prices over 90 days) . Probability of SK Chemicals price to stay between 22,830 and its current price of 23550.0 at the end of the 90-day period is about 29.53 .
Assuming the 90 days trading horizon SK Chemicals Co has a beta of -0.19. This suggests as returns on the benchmark increase, returns on holding SK Chemicals are expected to decrease at a much lower rate. During a bear market, however, SK Chemicals Co is likely to outperform the market. Additionally SK Chemicals Co 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. SK Chemicals Price Density |
| Price |
Predictive Modules for SK Chemicals
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as SK Chemicals. 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 SK Chemicals' 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.
SK Chemicals Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. SK Chemicals is not an exception. The market had few large corrections towards the SK Chemicals' 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 SK Chemicals Co, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of SK Chemicals within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.08 | |
β | Beta against Dow Jones | -0.19 | |
σ | Overall volatility | 725.39 | |
Ir | Information ratio | -0.13 |
SK Chemicals 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 SK Chemicals for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for SK Chemicals can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| SK Chemicals generated a negative expected return over the last 90 days |
SK Chemicals 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 28513K Stock often depends not only on the future outlook of the current and potential SK Chemicals' 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. SK Chemicals' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 17.6 M |
SK Chemicals Technical Analysis
SK Chemicals' future price can be derived by breaking down and analyzing its technical indicators over time. 28513K Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of SK Chemicals Co. In general, you should focus on analyzing 28513K Stock price patterns and their correlations with different microeconomic environments and drivers.
SK Chemicals Predictive Forecast Models
SK Chemicals' time-series forecasting models is one of many SK Chemicals' 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 SK Chemicals' 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 SK Chemicals
Checking the ongoing alerts about SK Chemicals for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for SK Chemicals help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| SK Chemicals generated a negative expected return over the last 90 days |
Other Information on Investing in 28513K Stock
SK Chemicals financial ratios help investors to determine whether 28513K 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 28513K with respect to the benefits of owning SK Chemicals security.