Nankang Rubber (Taiwan) Probability of Future Stock Price Finishing Under 46.81
| 2101 Stock | TWD 49.10 1.75 3.70% |
Nankang |
Nankang Rubber Target Price Odds to finish below 46.81
The tendency of Nankang 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 NT$ 46.81 or more in 90 days |
| 49.10 | 90 days | 46.81 | about 11.71 |
Based on a normal probability distribution, the odds of Nankang Rubber to drop to NT$ 46.81 or more in 90 days from now is about 11.71 (This Nankang Rubber Tire probability density function shows the probability of Nankang Stock to fall within a particular range of prices over 90 days) . Probability of Nankang Rubber Tire price to stay between NT$ 46.81 and its current price of NT$49.1 at the end of the 90-day period is about 38.56 .
Assuming the 90 days trading horizon Nankang Rubber Tire has a beta of -0.18. This suggests as returns on the benchmark increase, returns on holding Nankang Rubber are expected to decrease at a much lower rate. During a bear market, however, Nankang Rubber Tire is likely to outperform the market. Additionally Nankang Rubber Tire 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. Nankang Rubber Price Density |
| Price |
Predictive Modules for Nankang Rubber
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Nankang Rubber Tire. 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.Nankang Rubber Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Nankang Rubber is not an exception. The market had few large corrections towards the Nankang Rubber'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 Nankang Rubber Tire, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Nankang Rubber within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.15 | |
β | Beta against Dow Jones | -0.18 | |
σ | Overall volatility | 1.92 | |
Ir | Information ratio | -0.14 |
Nankang Rubber 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 Nankang Rubber for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Nankang Rubber Tire can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Nankang Rubber Tire generated a negative expected return over the last 90 days | |
| Nankang Rubber Tire has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| The company reported the revenue of 8.08 B. Net Loss for the year was (243.25 M) with profit before overhead, payroll, taxes, and interest of 1.32 B. | |
| Nankang Rubber Tire has accumulated about 2.6 B in cash with (2.86 B) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.24. | |
| Roughly 55.0% of the company shares are owned by insiders or employees |
Nankang Rubber 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 Nankang Stock often depends not only on the future outlook of the current and potential Nankang Rubber'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. Nankang Rubber's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 833.1 M |
Nankang Rubber Technical Analysis
Nankang Rubber's future price can be derived by breaking down and analyzing its technical indicators over time. Nankang Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Nankang Rubber Tire. In general, you should focus on analyzing Nankang Stock price patterns and their correlations with different microeconomic environments and drivers.
Nankang Rubber Predictive Forecast Models
Nankang Rubber's time-series forecasting models is one of many Nankang Rubber'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 Nankang Rubber'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 Nankang Rubber Tire
Checking the ongoing alerts about Nankang Rubber for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Nankang Rubber Tire help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Nankang Rubber Tire generated a negative expected return over the last 90 days | |
| Nankang Rubber Tire has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| The company reported the revenue of 8.08 B. Net Loss for the year was (243.25 M) with profit before overhead, payroll, taxes, and interest of 1.32 B. | |
| Nankang Rubber Tire has accumulated about 2.6 B in cash with (2.86 B) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.24. | |
| Roughly 55.0% of the company shares are owned by insiders or employees |
Additional Tools for Nankang Stock Analysis
When running Nankang Rubber's price analysis, check to measure Nankang Rubber'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 Nankang Rubber is operating at the current time. Most of Nankang Rubber's value examination focuses on studying past and present price action to predict the probability of Nankang Rubber's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nankang Rubber's price. Additionally, you may evaluate how the addition of Nankang Rubber to your portfolios can decrease your overall portfolio volatility.