Lite On (Taiwan) Odds of Future Stock Price Finishing Under 103.07
| 2301 Stock | TWD 107.00 3.50 3.38% |
Lite |
Lite On Target Price Odds to finish below 103.07
The tendency of Lite 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$ 103.07 or more in 90 days |
| 107.00 | 90 days | 103.07 | about 52.48 |
Based on a normal probability distribution, the odds of Lite On to drop to NT$ 103.07 or more in 90 days from now is about 52.48 (This Lite On Technology Corp probability density function shows the probability of Lite Stock to fall within a particular range of prices over 90 days) . Probability of Lite On Technology price to stay between NT$ 103.07 and its current price of NT$107.0 at the end of the 90-day period is about 40.38 .
Assuming the 90 days trading horizon Lite On has a beta of 0.7. This suggests as returns on the market go up, Lite On average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Lite On Technology Corp will be expected to be much smaller as well. Additionally Lite On Technology Corp 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. Lite On Price Density |
| Price |
Predictive Modules for Lite On
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Lite On Technology. 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.Lite On Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Lite On is not an exception. The market had few large corrections towards the Lite On'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 Lite On Technology Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Lite On within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.12 | |
β | Beta against Dow Jones | 0.70 | |
σ | Overall volatility | 2.76 | |
Ir | Information ratio | -0.09 |
Lite On 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 Lite On for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Lite On Technology can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| About 13.0% of the company shares are owned by insiders or employees |
Lite On 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 Lite Stock often depends not only on the future outlook of the current and potential Lite On'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. Lite On's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 2.3 B |
Lite On Technical Analysis
Lite On's future price can be derived by breaking down and analyzing its technical indicators over time. Lite Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Lite On Technology Corp. In general, you should focus on analyzing Lite Stock price patterns and their correlations with different microeconomic environments and drivers.
Lite On Predictive Forecast Models
Lite On's time-series forecasting models is one of many Lite On'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 Lite On'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 Lite On Technology
Checking the ongoing alerts about Lite On for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Lite On Technology help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| About 13.0% of the company shares are owned by insiders or employees |
Additional Tools for Lite Stock Analysis
When running Lite On's price analysis, check to measure Lite On'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 Lite On is operating at the current time. Most of Lite On's value examination focuses on studying past and present price action to predict the probability of Lite On's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lite On's price. Additionally, you may evaluate how the addition of Lite On to your portfolios can decrease your overall portfolio volatility.