Damsan JSC (Vietnam) Probability of Future Stock Price Finishing Under 7494.87
| ADS Stock | 9,210 550.00 5.64% |
Damsan |
Damsan JSC Target Price Odds to finish below 7494.87
The tendency of Damsan 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 drop to 7,495 or more in 90 days |
| 9,210 | 90 days | 7,495 | about 7.61 |
Based on a normal probability distribution, the odds of Damsan JSC to drop to 7,495 or more in 90 days from now is about 7.61 (This Damsan JSC probability density function shows the probability of Damsan Stock to fall within a particular range of prices over 90 days) . Probability of Damsan JSC price to stay between 7,495 and its current price of 9210.0 at the end of the 90-day period is about 92.06 .
Assuming the 90 days trading horizon Damsan JSC has a beta of -0.26. This suggests as returns on the benchmark increase, returns on holding Damsan JSC are expected to decrease at a much lower rate. During a bear market, however, Damsan JSC is likely to outperform the market. Additionally Damsan JSC has an alpha of 0.2796, implying that it can generate a 0.28 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Damsan JSC Price Density |
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Predictive Modules for Damsan JSC
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Damsan JSC. 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.Damsan JSC Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Damsan JSC is not an exception. The market had few large corrections towards the Damsan JSC'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 Damsan JSC, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Damsan JSC within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.28 | |
β | Beta against Dow Jones | -0.26 | |
σ | Overall volatility | 404.60 | |
Ir | Information ratio | 0.08 |
Damsan JSC Technical Analysis
Damsan JSC's future price can be derived by breaking down and analyzing its technical indicators over time. Damsan Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Damsan JSC. In general, you should focus on analyzing Damsan Stock price patterns and their correlations with different microeconomic environments and drivers.
Damsan JSC Predictive Forecast Models
Damsan JSC's time-series forecasting models is one of many Damsan JSC'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 Damsan JSC'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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Damsan JSC in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Damsan JSC's short interest history, or implied volatility extrapolated from Damsan JSC options trading.
Other Information on Investing in Damsan Stock
Damsan JSC financial ratios help investors to determine whether Damsan 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 Damsan with respect to the benefits of owning Damsan JSC security.