Hua Eng (Taiwan) Odds of Future Stock Price Finishing Under 29.55
| 1608 Stock | TWD 29.05 0.75 2.52% |
Hua |
Hua Eng Target Price Odds to finish below 29.55
The tendency of Hua 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 under NT$ 29.55 after 90 days |
| 29.05 | 90 days | 29.55 | about 18.66 |
Based on a normal probability distribution, the odds of Hua Eng to stay under NT$ 29.55 after 90 days from now is about 18.66 (This Hua Eng Wire probability density function shows the probability of Hua Stock to fall within a particular range of prices over 90 days) . Probability of Hua Eng Wire price to stay between its current price of NT$ 29.05 and NT$ 29.55 at the end of the 90-day period is about 7.07 .
Assuming the 90 days trading horizon Hua Eng has a beta of 0.45. This suggests as returns on the market go up, Hua Eng average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Hua Eng Wire will be expected to be much smaller as well. Additionally Hua Eng Wire 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. Hua Eng Price Density |
| Price |
Predictive Modules for Hua Eng
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Hua Eng Wire. 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.Hua Eng Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Hua Eng is not an exception. The market had few large corrections towards the Hua Eng'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 Hua Eng Wire, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Hua Eng within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.31 | |
β | Beta against Dow Jones | 0.45 | |
σ | Overall volatility | 1.65 | |
Ir | Information ratio | -0.23 |
Hua Eng 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 Hua Eng for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Hua Eng Wire can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Hua Eng Wire generated a negative expected return over the last 90 days | |
| Hua Eng Wire has accumulated about 1.1 B in cash with (155.6 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.59. | |
| Roughly 55.0% of the company shares are owned by insiders or employees |
Hua Eng 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 Hua Stock often depends not only on the future outlook of the current and potential Hua Eng'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. Hua Eng's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 424.2 M |
Hua Eng Technical Analysis
Hua Eng's future price can be derived by breaking down and analyzing its technical indicators over time. Hua Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Hua Eng Wire. In general, you should focus on analyzing Hua Stock price patterns and their correlations with different microeconomic environments and drivers.
Hua Eng Predictive Forecast Models
Hua Eng's time-series forecasting models is one of many Hua Eng'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 Hua Eng'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 Hua Eng Wire
Checking the ongoing alerts about Hua Eng for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Hua Eng Wire help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Hua Eng Wire generated a negative expected return over the last 90 days | |
| Hua Eng Wire has accumulated about 1.1 B in cash with (155.6 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.59. | |
| Roughly 55.0% of the company shares are owned by insiders or employees |
Additional Tools for Hua Stock Analysis
When running Hua Eng's price analysis, check to measure Hua Eng'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 Hua Eng is operating at the current time. Most of Hua Eng's value examination focuses on studying past and present price action to predict the probability of Hua Eng's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hua Eng's price. Additionally, you may evaluate how the addition of Hua Eng to your portfolios can decrease your overall portfolio volatility.