Cheng Shin (Taiwan) Probability of Future Stock Price Finishing Over 57.95
| 2105 Stock | TWD 50.30 0.10 0.20% |
Cheng |
Cheng Shin Target Price Odds to finish over 57.95
The tendency of Cheng 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 move over NT$ 57.95 or more in 90 days |
| 50.30 | 90 days | 57.95 | near 1 |
Based on a normal probability distribution, the odds of Cheng Shin to move over NT$ 57.95 or more in 90 days from now is near 1 (This Cheng Shin Rubber probability density function shows the probability of Cheng Stock to fall within a particular range of prices over 90 days) . Probability of Cheng Shin Rubber price to stay between its current price of NT$ 50.30 and NT$ 57.95 at the end of the 90-day period is about 25.61 .
Assuming the 90 days trading horizon Cheng Shin Rubber has a beta of -0.5. This suggests as returns on the benchmark increase, returns on holding Cheng Shin are expected to decrease at a much lower rate. During a bear market, however, Cheng Shin Rubber is likely to outperform the market. Additionally Cheng Shin Rubber has an alpha of 0.1083, implying that it can generate a 0.11 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Cheng Shin Price Density |
| Price |
Predictive Modules for Cheng Shin
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Cheng Shin Rubber. 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.Cheng Shin Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Cheng Shin is not an exception. The market had few large corrections towards the Cheng Shin'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 Cheng Shin Rubber, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Cheng Shin within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.11 | |
β | Beta against Dow Jones | -0.5 | |
σ | Overall volatility | 2.06 | |
Ir | Information ratio | -0.03 |
Cheng Shin 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 Cheng Shin for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Cheng Shin Rubber can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Cheng Shin Rubber has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| About 49.0% of the company shares are owned by insiders or employees |
Cheng Shin 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 Cheng Stock often depends not only on the future outlook of the current and potential Cheng Shin'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. Cheng Shin's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 3.2 B |
Cheng Shin Technical Analysis
Cheng Shin's future price can be derived by breaking down and analyzing its technical indicators over time. Cheng Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Cheng Shin Rubber. In general, you should focus on analyzing Cheng Stock price patterns and their correlations with different microeconomic environments and drivers.
Cheng Shin Predictive Forecast Models
Cheng Shin's time-series forecasting models is one of many Cheng Shin'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 Cheng Shin'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 Cheng Shin Rubber
Checking the ongoing alerts about Cheng Shin for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Cheng Shin Rubber help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Cheng Shin Rubber has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| About 49.0% of the company shares are owned by insiders or employees |
Additional Tools for Cheng Stock Analysis
When running Cheng Shin's price analysis, check to measure Cheng Shin'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 Cheng Shin is operating at the current time. Most of Cheng Shin's value examination focuses on studying past and present price action to predict the probability of Cheng Shin's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cheng Shin's price. Additionally, you may evaluate how the addition of Cheng Shin to your portfolios can decrease your overall portfolio volatility.