Cheng Uei (Taiwan) Probability of Future Stock Price Finishing Over 82.81
| 2392 Stock | TWD 79.60 1.60 2.05% |
Cheng |
Cheng Uei Target Price Odds to finish over 82.81
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$ 82.81 or more in 90 days |
| 79.60 | 90 days | 82.81 | near 1 |
Based on a normal probability distribution, the odds of Cheng Uei to move over NT$ 82.81 or more in 90 days from now is near 1 (This Cheng Uei Precision probability density function shows the probability of Cheng Stock to fall within a particular range of prices over 90 days) . Probability of Cheng Uei Precision price to stay between its current price of NT$ 79.60 and NT$ 82.81 at the end of the 90-day period is about 1.91 .
Assuming the 90 days trading horizon the stock has the beta coefficient of 1.7 . This suggests as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Cheng Uei will likely underperform. Additionally Cheng Uei Precision 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. Cheng Uei Price Density |
| Price |
Predictive Modules for Cheng Uei
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 Uei Precision. 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 Uei Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Cheng Uei is not an exception. The market had few large corrections towards the Cheng Uei'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 Uei Precision, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Cheng Uei within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.01 | |
β | Beta against Dow Jones | 1.70 | |
σ | Overall volatility | 6.52 | |
Ir | Information ratio | 0.02 |
Cheng Uei 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 Uei for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Cheng Uei Precision 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 Uei Precision had very high historical volatility over the last 90 days | |
| Cheng Uei Precision has accumulated NT$17.75 Billion in debt which can lead to volatile earnings | |
| Cheng Uei Precision has accumulated about 7.93 B in cash with (3.55 B) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 16.37. | |
| Roughly 34.0% of the company shares are owned by insiders or employees |
Cheng Uei 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 Uei'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 Uei's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 484.8 M |
Cheng Uei Technical Analysis
Cheng Uei'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 Uei Precision. In general, you should focus on analyzing Cheng Stock price patterns and their correlations with different microeconomic environments and drivers.
Cheng Uei Predictive Forecast Models
Cheng Uei's time-series forecasting models is one of many Cheng Uei'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 Uei'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 Uei Precision
Checking the ongoing alerts about Cheng Uei for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Cheng Uei Precision help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Cheng Uei Precision had very high historical volatility over the last 90 days | |
| Cheng Uei Precision has accumulated NT$17.75 Billion in debt which can lead to volatile earnings | |
| Cheng Uei Precision has accumulated about 7.93 B in cash with (3.55 B) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 16.37. | |
| Roughly 34.0% of the company shares are owned by insiders or employees |
Additional Tools for Cheng Stock Analysis
When running Cheng Uei's price analysis, check to measure Cheng Uei'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 Uei is operating at the current time. Most of Cheng Uei's value examination focuses on studying past and present price action to predict the probability of Cheng Uei'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 Uei's price. Additionally, you may evaluate how the addition of Cheng Uei to your portfolios can decrease your overall portfolio volatility.