Tung Ho (Taiwan) Odds of Future Stock Price Finishing Under 78.6
| 2006 Stock | TWD 70.50 0.50 0.70% |
Tung |
Tung Ho Target Price Odds to finish below 78.6
The tendency of Tung 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$ 78.60 after 90 days |
| 70.50 | 90 days | 78.60 | about 85.29 |
Based on a normal probability distribution, the odds of Tung Ho to stay under NT$ 78.60 after 90 days from now is about 85.29 (This Tung Ho Steel probability density function shows the probability of Tung Stock to fall within a particular range of prices over 90 days) . Probability of Tung Ho Steel price to stay between its current price of NT$ 70.50 and NT$ 78.60 at the end of the 90-day period is about 84.43 .
Assuming the 90 days trading horizon Tung Ho Steel has a beta of -0.13. This suggests as returns on the benchmark increase, returns on holding Tung Ho are expected to decrease at a much lower rate. During a bear market, however, Tung Ho Steel is likely to outperform the market. Additionally Tung Ho Steel 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. Tung Ho Price Density |
| Price |
Predictive Modules for Tung Ho
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Tung Ho Steel. 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.Tung Ho Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Tung Ho is not an exception. The market had few large corrections towards the Tung Ho'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 Tung Ho Steel, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Tung Ho within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.14 | |
β | Beta against Dow Jones | -0.13 | |
σ | Overall volatility | 2.41 | |
Ir | Information ratio | -0.23 |
Tung Ho 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 Tung Ho for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Tung Ho Steel can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Tung Ho Steel generated a negative expected return over the last 90 days | |
| Tung Ho Steel has accumulated NT$1.82 Billion in debt which can lead to volatile earnings | |
| Tung Ho Steel has accumulated about 944.38 M in cash with (1.05 B) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.94. | |
| Roughly 32.0% of the company shares are owned by insiders or employees |
Tung Ho 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 Tung Stock often depends not only on the future outlook of the current and potential Tung Ho'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. Tung Ho's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 730.2 M |
Tung Ho Technical Analysis
Tung Ho's future price can be derived by breaking down and analyzing its technical indicators over time. Tung Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Tung Ho Steel. In general, you should focus on analyzing Tung Stock price patterns and their correlations with different microeconomic environments and drivers.
Tung Ho Predictive Forecast Models
Tung Ho's time-series forecasting models is one of many Tung Ho'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 Tung Ho'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 Tung Ho Steel
Checking the ongoing alerts about Tung Ho for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Tung Ho Steel help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Tung Ho Steel generated a negative expected return over the last 90 days | |
| Tung Ho Steel has accumulated NT$1.82 Billion in debt which can lead to volatile earnings | |
| Tung Ho Steel has accumulated about 944.38 M in cash with (1.05 B) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.94. | |
| Roughly 32.0% of the company shares are owned by insiders or employees |
Additional Tools for Tung Stock Analysis
When running Tung Ho's price analysis, check to measure Tung Ho'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 Tung Ho is operating at the current time. Most of Tung Ho's value examination focuses on studying past and present price action to predict the probability of Tung Ho's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tung Ho's price. Additionally, you may evaluate how the addition of Tung Ho to your portfolios can decrease your overall portfolio volatility.