Meiloon Industrial (Taiwan) Probability of Future Stock Price Finishing Under 27.48
| 2477 Stock | TWD 31.65 0.45 1.40% |
Meiloon |
Meiloon Industrial Target Price Odds to finish below 27.48
The tendency of Meiloon 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$ 27.48 or more in 90 days |
| 31.65 | 90 days | 27.48 | about 15.37 |
Based on a normal probability distribution, the odds of Meiloon Industrial to drop to NT$ 27.48 or more in 90 days from now is about 15.37 (This Meiloon Industrial Co probability density function shows the probability of Meiloon Stock to fall within a particular range of prices over 90 days) . Probability of Meiloon Industrial price to stay between NT$ 27.48 and its current price of NT$31.65 at the end of the 90-day period is about 42.0 .
Assuming the 90 days trading horizon Meiloon Industrial Co has a beta of -0.66. This suggests as returns on the benchmark increase, returns on holding Meiloon Industrial are expected to decrease at a much lower rate. During a bear market, however, Meiloon Industrial Co is likely to outperform the market. Additionally Meiloon Industrial Co has an alpha of 0.4528, implying that it can generate a 0.45 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Meiloon Industrial Price Density |
| Price |
Predictive Modules for Meiloon Industrial
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Meiloon Industrial. 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.Meiloon Industrial Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Meiloon Industrial is not an exception. The market had few large corrections towards the Meiloon Industrial'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 Meiloon Industrial Co, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Meiloon Industrial within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.45 | |
β | Beta against Dow Jones | -0.66 | |
σ | Overall volatility | 3.46 | |
Ir | Information ratio | 0.06 |
Meiloon Industrial 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 Meiloon Industrial for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Meiloon Industrial can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Meiloon Industrial had very high historical volatility over the last 90 days | |
| Meiloon Industrial Co has accumulated about 2.04 B in cash with (883.68 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 10.31. | |
| Roughly 52.0% of the company shares are owned by insiders or employees |
Meiloon Industrial 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 Meiloon Stock often depends not only on the future outlook of the current and potential Meiloon Industrial'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. Meiloon Industrial's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 198.2 M | |
| Short Long Term Debt | 1.1 B |
Meiloon Industrial Technical Analysis
Meiloon Industrial's future price can be derived by breaking down and analyzing its technical indicators over time. Meiloon Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Meiloon Industrial Co. In general, you should focus on analyzing Meiloon Stock price patterns and their correlations with different microeconomic environments and drivers.
Meiloon Industrial Predictive Forecast Models
Meiloon Industrial's time-series forecasting models is one of many Meiloon Industrial'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 Meiloon Industrial'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 Meiloon Industrial
Checking the ongoing alerts about Meiloon Industrial for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Meiloon Industrial help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Meiloon Industrial had very high historical volatility over the last 90 days | |
| Meiloon Industrial Co has accumulated about 2.04 B in cash with (883.68 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 10.31. | |
| Roughly 52.0% of the company shares are owned by insiders or employees |
Additional Tools for Meiloon Stock Analysis
When running Meiloon Industrial's price analysis, check to measure Meiloon Industrial'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 Meiloon Industrial is operating at the current time. Most of Meiloon Industrial's value examination focuses on studying past and present price action to predict the probability of Meiloon Industrial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Meiloon Industrial's price. Additionally, you may evaluate how the addition of Meiloon Industrial to your portfolios can decrease your overall portfolio volatility.