Test Rite (Taiwan) Probability of Future Stock Price Finishing Under 19.16
| 2908 Stock | TWD 20.15 0.15 0.74% |
Test |
Test Rite Target Price Odds to finish below 19.16
The tendency of Test 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$ 19.16 or more in 90 days |
| 20.15 | 90 days | 19.16 | near 1 |
Based on a normal probability distribution, the odds of Test Rite to drop to NT$ 19.16 or more in 90 days from now is near 1 (This Test Rite International probability density function shows the probability of Test Stock to fall within a particular range of prices over 90 days) . Probability of Test Rite International price to stay between NT$ 19.16 and its current price of NT$20.15 at the end of the 90-day period is about 8.84 .
Assuming the 90 days trading horizon Test Rite has a beta of 0.0999. This suggests as returns on the market go up, Test Rite average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Test Rite International will be expected to be much smaller as well. Additionally Test Rite International 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. Test Rite Price Density |
| Price |
Predictive Modules for Test Rite
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Test Rite International. 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.Test Rite Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Test Rite is not an exception. The market had few large corrections towards the Test Rite'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 Test Rite International, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Test Rite within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.07 | |
β | Beta against Dow Jones | 0.1 | |
σ | Overall volatility | 0.20 | |
Ir | Information ratio | -0.32 |
Test Rite 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 Test Rite for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Test Rite International can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Test Rite generated a negative expected return over the last 90 days | |
| Test Rite has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| About 78.0% of the company shares are owned by insiders or employees |
Test Rite 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 Test Stock often depends not only on the future outlook of the current and potential Test Rite'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. Test Rite's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 495.6 M |
Test Rite Technical Analysis
Test Rite's future price can be derived by breaking down and analyzing its technical indicators over time. Test Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Test Rite International. In general, you should focus on analyzing Test Stock price patterns and their correlations with different microeconomic environments and drivers.
Test Rite Predictive Forecast Models
Test Rite's time-series forecasting models is one of many Test Rite'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 Test Rite'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 Test Rite International
Checking the ongoing alerts about Test Rite for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Test Rite International help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Test Rite generated a negative expected return over the last 90 days | |
| Test Rite has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| About 78.0% of the company shares are owned by insiders or employees |
Additional Tools for Test Stock Analysis
When running Test Rite's price analysis, check to measure Test Rite'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 Test Rite is operating at the current time. Most of Test Rite's value examination focuses on studying past and present price action to predict the probability of Test Rite's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Test Rite's price. Additionally, you may evaluate how the addition of Test Rite to your portfolios can decrease your overall portfolio volatility.