Optotech Corp (Taiwan) Probability of Future Stock Price Finishing Over 37.8
| 2340 Stock | TWD 30.70 0.35 1.15% |
Optotech |
Optotech Corp Target Price Odds to finish over 37.8
The tendency of Optotech 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$ 37.80 or more in 90 days |
| 30.70 | 90 days | 37.80 | about 16.06 |
Based on a normal probability distribution, the odds of Optotech Corp to move over NT$ 37.80 or more in 90 days from now is about 16.06 (This Optotech Corp probability density function shows the probability of Optotech Stock to fall within a particular range of prices over 90 days) . Probability of Optotech Corp price to stay between its current price of NT$ 30.70 and NT$ 37.80 at the end of the 90-day period is about 80.86 .
Assuming the 90 days trading horizon Optotech Corp has a beta of 0.29. This suggests as returns on the market go up, Optotech Corp average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Optotech Corp will be expected to be much smaller as well. Additionally Optotech 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. Optotech Corp Price Density |
| Price |
Predictive Modules for Optotech Corp
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Optotech Corp. 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.Optotech Corp Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Optotech Corp is not an exception. The market had few large corrections towards the Optotech Corp'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 Optotech Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Optotech Corp within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.35 | |
β | Beta against Dow Jones | 0.29 | |
σ | Overall volatility | 2.48 | |
Ir | Information ratio | -0.21 |
Optotech Corp 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 Optotech Corp for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Optotech Corp can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Optotech Corp generated a negative expected return over the last 90 days | |
| About 24.0% of the company shares are owned by insiders or employees |
Optotech Corp 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 Optotech Stock often depends not only on the future outlook of the current and potential Optotech Corp'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. Optotech Corp's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 436.6 M |
Optotech Corp Technical Analysis
Optotech Corp's future price can be derived by breaking down and analyzing its technical indicators over time. Optotech Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Optotech Corp. In general, you should focus on analyzing Optotech Stock price patterns and their correlations with different microeconomic environments and drivers.
Optotech Corp Predictive Forecast Models
Optotech Corp's time-series forecasting models is one of many Optotech Corp'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 Optotech Corp'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 Optotech Corp
Checking the ongoing alerts about Optotech Corp for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Optotech Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Optotech Corp generated a negative expected return over the last 90 days | |
| About 24.0% of the company shares are owned by insiders or employees |
Additional Tools for Optotech Stock Analysis
When running Optotech Corp's price analysis, check to measure Optotech Corp'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 Optotech Corp is operating at the current time. Most of Optotech Corp's value examination focuses on studying past and present price action to predict the probability of Optotech Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Optotech Corp's price. Additionally, you may evaluate how the addition of Optotech Corp to your portfolios can decrease your overall portfolio volatility.