Cayman Tung (Taiwan) Probability of Future Stock Price Finishing Under 33.37
| 2924 Stock | TWD 33.75 0.45 1.32% |
Cayman |
Cayman Tung Target Price Odds to finish below 33.37
The tendency of Cayman 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$ 33.37 or more in 90 days |
| 33.75 | 90 days | 33.37 | under 4 |
Based on a normal probability distribution, the odds of Cayman Tung to drop to NT$ 33.37 or more in 90 days from now is under 4 (This Cayman Tung Ling probability density function shows the probability of Cayman Stock to fall within a particular range of prices over 90 days) . Probability of Cayman Tung Ling price to stay between NT$ 33.37 and its current price of NT$33.75 at the end of the 90-day period is roughly 2.3 .
Assuming the 90 days trading horizon Cayman Tung Ling has a beta of -0.28. This suggests as returns on the benchmark increase, returns on holding Cayman Tung are expected to decrease at a much lower rate. During a bear market, however, Cayman Tung Ling is likely to outperform the market. Additionally Cayman Tung Ling 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. Cayman Tung Price Density |
| Price |
Predictive Modules for Cayman Tung
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Cayman Tung Ling. 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.Cayman Tung Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Cayman Tung is not an exception. The market had few large corrections towards the Cayman Tung'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 Cayman Tung Ling, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Cayman Tung within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.19 | |
β | Beta against Dow Jones | -0.28 | |
σ | Overall volatility | 1.69 | |
Ir | Information ratio | -0.17 |
Cayman Tung 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 Cayman Tung for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Cayman Tung Ling can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Cayman Tung Ling generated a negative expected return over the last 90 days | |
| The company reported the revenue of 272.36 M. Net Loss for the year was (56.38 M) with profit before overhead, payroll, taxes, and interest of 91.31 M. | |
| Cayman Tung Ling has accumulated about 152.03 M in cash with (36.21 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 4.66. | |
| Roughly 84.0% of the company shares are owned by insiders or employees |
Cayman Tung 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 Cayman Stock often depends not only on the future outlook of the current and potential Cayman Tung'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. Cayman Tung's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 32.8 M |
Cayman Tung Technical Analysis
Cayman Tung's future price can be derived by breaking down and analyzing its technical indicators over time. Cayman Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Cayman Tung Ling. In general, you should focus on analyzing Cayman Stock price patterns and their correlations with different microeconomic environments and drivers.
Cayman Tung Predictive Forecast Models
Cayman Tung's time-series forecasting models is one of many Cayman Tung'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 Cayman Tung'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 Cayman Tung Ling
Checking the ongoing alerts about Cayman Tung for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Cayman Tung Ling help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Cayman Tung Ling generated a negative expected return over the last 90 days | |
| The company reported the revenue of 272.36 M. Net Loss for the year was (56.38 M) with profit before overhead, payroll, taxes, and interest of 91.31 M. | |
| Cayman Tung Ling has accumulated about 152.03 M in cash with (36.21 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 4.66. | |
| Roughly 84.0% of the company shares are owned by insiders or employees |
Additional Tools for Cayman Stock Analysis
When running Cayman Tung's price analysis, check to measure Cayman Tung'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 Cayman Tung is operating at the current time. Most of Cayman Tung's value examination focuses on studying past and present price action to predict the probability of Cayman Tung's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cayman Tung's price. Additionally, you may evaluate how the addition of Cayman Tung to your portfolios can decrease your overall portfolio volatility.