Woori Technology (Korea) Probability of Future Stock Price Finishing Over 8400.00
| 041190 Stock | KRW 8,400 50.00 0.59% |
Woori |
Woori Technology Target Price Odds to finish over 8400.00
The tendency of Woori 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 above the current price in 90 days |
| 8,400 | 90 days | 8,400 | about 48.45 |
Based on a normal probability distribution, the odds of Woori Technology to move above the current price in 90 days from now is about 48.45 (This Woori Technology Investment probability density function shows the probability of Woori Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon Woori Technology has a beta of 0.31. This suggests as returns on the market go up, Woori Technology average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Woori Technology Investment will be expected to be much smaller as well. Additionally Woori Technology Investment has an alpha of 0.6248, implying that it can generate a 0.62 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Woori Technology Price Density |
| Price |
Predictive Modules for Woori Technology
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Woori Technology Inv. 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 Woori Technology'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.
Woori Technology Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Woori Technology is not an exception. The market had few large corrections towards the Woori Technology'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 Woori Technology Investment, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Woori Technology within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.62 | |
β | Beta against NYSE Composite | 0.31 | |
σ | Overall volatility | 1,319 | |
Ir | Information ratio | 0.11 |
Woori Technology 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 Woori Technology for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Woori Technology Inv can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Woori Technology Inv is way too risky over 90 days horizon | |
| Woori Technology Inv appears to be risky and price may revert if volatility continues | |
| About 31.0% of the company shares are owned by insiders or employees |
Woori Technology 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 Woori Stock often depends not only on the future outlook of the current and potential Woori Technology'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. Woori Technology's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 77.9 M | |
| Cash And Short Term Investments | 26.1 B | |
| Shares Float | 59.5 M |
Woori Technology Technical Analysis
Woori Technology's future price can be derived by breaking down and analyzing its technical indicators over time. Woori Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Woori Technology Investment. In general, you should focus on analyzing Woori Stock price patterns and their correlations with different microeconomic environments and drivers.
Woori Technology Predictive Forecast Models
Woori Technology's time-series forecasting models is one of many Woori Technology'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 Woori Technology'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 Woori Technology Inv
Checking the ongoing alerts about Woori Technology for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Woori Technology Inv help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Woori Technology Inv is way too risky over 90 days horizon | |
| Woori Technology Inv appears to be risky and price may revert if volatility continues | |
| About 31.0% of the company shares are owned by insiders or employees |
Check out Woori Technology Backtesting, Woori Technology Valuation, Woori Technology Correlation, Woori Technology Hype Analysis, Woori Technology Volatility, Woori Technology History as well as Woori Technology Performance. Note that the Woori Technology Inv information on this page should be used as a complementary analysis to other Woori Technology'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 Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Complementary Tools for Woori Stock analysis
When running Woori Technology's price analysis, check to measure Woori Technology'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 Woori Technology is operating at the current time. Most of Woori Technology's value examination focuses on studying past and present price action to predict the probability of Woori Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Woori Technology's price. Additionally, you may evaluate how the addition of Woori Technology to your portfolios can decrease your overall portfolio volatility.
| Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
| Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals |