Prime Oil (Taiwan) Probability of Future Stock Price Finishing Under 16.96
| 2904 Stock | TWD 18.10 0.05 0.28% |
Prime |
Prime Oil Target Price Odds to finish below 16.96
The tendency of Prime 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$ 16.96 or more in 90 days |
| 18.10 | 90 days | 16.96 | near 1 |
Based on a normal probability distribution, the odds of Prime Oil to drop to NT$ 16.96 or more in 90 days from now is near 1 (This Prime Oil Chemical probability density function shows the probability of Prime Stock to fall within a particular range of prices over 90 days) . Probability of Prime Oil Chemical price to stay between NT$ 16.96 and its current price of NT$18.1 at the end of the 90-day period is about 8.23 .
Assuming the 90 days trading horizon Prime Oil has a beta of 0.0247. This suggests as returns on the market go up, Prime Oil average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Prime Oil Chemical will be expected to be much smaller as well. Additionally Prime Oil Chemical 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. Prime Oil Price Density |
| Price |
Predictive Modules for Prime Oil
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Prime Oil Chemical. 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.Prime Oil Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Prime Oil is not an exception. The market had few large corrections towards the Prime Oil'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 Prime Oil Chemical, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Prime Oil within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.06 | |
β | Beta against Dow Jones | 0.02 | |
σ | Overall volatility | 0.18 | |
Ir | Information ratio | -0.33 |
Prime Oil 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 Prime Oil for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Prime Oil Chemical can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Prime Oil Chemical generated a negative expected return over the last 90 days | |
| About 57.0% of the company shares are owned by insiders or employees |
Prime Oil 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 Prime Stock often depends not only on the future outlook of the current and potential Prime Oil'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. Prime Oil's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 69 M |
Prime Oil Technical Analysis
Prime Oil's future price can be derived by breaking down and analyzing its technical indicators over time. Prime Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Prime Oil Chemical. In general, you should focus on analyzing Prime Stock price patterns and their correlations with different microeconomic environments and drivers.
Prime Oil Predictive Forecast Models
Prime Oil's time-series forecasting models is one of many Prime Oil'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 Prime Oil'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 Prime Oil Chemical
Checking the ongoing alerts about Prime Oil for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Prime Oil Chemical help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Prime Oil Chemical generated a negative expected return over the last 90 days | |
| About 57.0% of the company shares are owned by insiders or employees |
Additional Tools for Prime Stock Analysis
When running Prime Oil's price analysis, check to measure Prime Oil'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 Prime Oil is operating at the current time. Most of Prime Oil's value examination focuses on studying past and present price action to predict the probability of Prime Oil's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Prime Oil's price. Additionally, you may evaluate how the addition of Prime Oil to your portfolios can decrease your overall portfolio volatility.