Shihlin Electric (Taiwan) Probability of Future Stock Price Finishing Over 198.24
| 1503 Stock | TWD 198.50 1.50 0.76% |
Shihlin |
Shihlin Electric Target Price Odds to finish over 198.24
The tendency of Shihlin 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 NT$ 198.24 in 90 days |
| 198.50 | 90 days | 198.24 | more than 94.0 |
Based on a normal probability distribution, the odds of Shihlin Electric to stay above NT$ 198.24 in 90 days from now is more than 94.0 (This Shihlin Electric Engineering probability density function shows the probability of Shihlin Stock to fall within a particular range of prices over 90 days) . Probability of Shihlin Electric Eng price to stay between NT$ 198.24 and its current price of NT$198.5 at the end of the 90-day period is near 1 .
Assuming the 90 days trading horizon Shihlin Electric has a beta of 0.3. This suggests as returns on the market go up, Shihlin Electric average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Shihlin Electric Engineering will be expected to be much smaller as well. Additionally Shihlin Electric Engineering 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. Shihlin Electric Price Density |
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Predictive Modules for Shihlin Electric
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Shihlin Electric Eng. 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.Shihlin Electric Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Shihlin Electric is not an exception. The market had few large corrections towards the Shihlin Electric'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 Shihlin Electric Engineering, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Shihlin Electric within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.21 | |
β | Beta against Dow Jones | 0.30 | |
σ | Overall volatility | 9.08 | |
Ir | Information ratio | -0.13 |
Shihlin Electric 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 Shihlin Electric for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Shihlin Electric Eng can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Shihlin Electric Eng generated a negative expected return over the last 90 days | |
| About 49.0% of the company shares are owned by insiders or employees |
Shihlin Electric 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 Shihlin Stock often depends not only on the future outlook of the current and potential Shihlin Electric'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. Shihlin Electric's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 521 M |
Shihlin Electric Technical Analysis
Shihlin Electric's future price can be derived by breaking down and analyzing its technical indicators over time. Shihlin Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Shihlin Electric Engineering. In general, you should focus on analyzing Shihlin Stock price patterns and their correlations with different microeconomic environments and drivers.
Shihlin Electric Predictive Forecast Models
Shihlin Electric's time-series forecasting models is one of many Shihlin Electric'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 Shihlin Electric'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 Shihlin Electric Eng
Checking the ongoing alerts about Shihlin Electric for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Shihlin Electric Eng help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Shihlin Electric Eng generated a negative expected return over the last 90 days | |
| About 49.0% of the company shares are owned by insiders or employees |
Additional Tools for Shihlin Stock Analysis
When running Shihlin Electric's price analysis, check to measure Shihlin Electric'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 Shihlin Electric is operating at the current time. Most of Shihlin Electric's value examination focuses on studying past and present price action to predict the probability of Shihlin Electric's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shihlin Electric's price. Additionally, you may evaluate how the addition of Shihlin Electric to your portfolios can decrease your overall portfolio volatility.