Oriental Precision (Korea) Probability of Future Stock Price Finishing Under 2,545
| 014940 Stock | KRW 3,450 20.00 0.58% |
Oriental |
Oriental Precision Target Price Odds to finish below 2,545
The tendency of Oriental 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 below current price in 90 days |
| 3,450 | 90 days | 3,450 | under 95 |
Based on a normal probability distribution, the odds of Oriental Precision to move below current price in 90 days from now is under 95 (This Oriental Precision Engineering probability density function shows the probability of Oriental Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon Oriental Precision Engineering has a beta of -0.37. This suggests as returns on the benchmark increase, returns on holding Oriental Precision are expected to decrease at a much lower rate. During a bear market, however, Oriental Precision Engineering is likely to outperform the market. Additionally Oriental Precision Engineering has an alpha of 0.4311, implying that it can generate a 0.43 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Oriental Precision Price Density |
| Price |
Predictive Modules for Oriental Precision
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Oriental Precision. 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 Oriental Precision'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.
Oriental Precision Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Oriental Precision is not an exception. The market had few large corrections towards the Oriental Precision'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 Oriental Precision Engineering, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Oriental Precision within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.43 | |
β | Beta against NYSE Composite | -0.37 | |
σ | Overall volatility | 276.89 | |
Ir | Information ratio | 0.11 |
Oriental Precision 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 Oriental Precision for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Oriental Precision can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Oriental Precision Engineering has accumulated about 8.02 B in cash with (1.5 B) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 375.05. | |
| Roughly 46.0% of the company shares are owned by insiders or employees |
Oriental Precision 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 Oriental Stock often depends not only on the future outlook of the current and potential Oriental Precision'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. Oriental Precision's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 45.5 M | |
| Cash And Short Term Investments | 18.5 B |
Oriental Precision Technical Analysis
Oriental Precision's future price can be derived by breaking down and analyzing its technical indicators over time. Oriental Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Oriental Precision Engineering. In general, you should focus on analyzing Oriental Stock price patterns and their correlations with different microeconomic environments and drivers.
Oriental Precision Predictive Forecast Models
Oriental Precision's time-series forecasting models is one of many Oriental Precision'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 Oriental Precision'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 Oriental Precision
Checking the ongoing alerts about Oriental Precision for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Oriental Precision help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Oriental Precision Engineering has accumulated about 8.02 B in cash with (1.5 B) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 375.05. | |
| Roughly 46.0% of the company shares are owned by insiders or employees |
Check out Oriental Precision Backtesting, Oriental Precision Valuation, Oriental Precision Correlation, Oriental Precision Hype Analysis, Oriental Precision Volatility, Oriental Precision History as well as Oriental Precision Performance. Note that the Oriental Precision information on this page should be used as a complementary analysis to other Oriental Precision'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 Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Complementary Tools for Oriental Stock analysis
When running Oriental Precision's price analysis, check to measure Oriental Precision'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 Oriental Precision is operating at the current time. Most of Oriental Precision's value examination focuses on studying past and present price action to predict the probability of Oriental Precision's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Oriental Precision's price. Additionally, you may evaluate how the addition of Oriental Precision to your portfolios can decrease your overall portfolio volatility.
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
| Commodity Directory Find actively traded commodities issued by global exchanges | |
| Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
| Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity |