Chenming Mold (Taiwan) Probability of Future Stock Price Finishing Under 149.51
| 3013 Stock | TWD 140.50 10.00 6.64% |
Chenming |
Chenming Mold Target Price Odds to finish below 149.51
The tendency of Chenming 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 stay under NT$ 149.51 after 90 days |
| 140.50 | 90 days | 149.51 | about 70.51 |
Based on a normal probability distribution, the odds of Chenming Mold to stay under NT$ 149.51 after 90 days from now is about 70.51 (This Chenming Mold Industrial probability density function shows the probability of Chenming Stock to fall within a particular range of prices over 90 days) . Probability of Chenming Mold Industrial price to stay between its current price of NT$ 140.50 and NT$ 149.51 at the end of the 90-day period is about 16.53 .
Assuming the 90 days trading horizon Chenming Mold has a beta of 0.73. This suggests as returns on the market go up, Chenming Mold average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Chenming Mold Industrial will be expected to be much smaller as well. Additionally Chenming Mold Industrial has an alpha of 0.2233, implying that it can generate a 0.22 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Chenming Mold Price Density |
| Price |
Predictive Modules for Chenming Mold
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Chenming Mold 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.Chenming Mold Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Chenming Mold is not an exception. The market had few large corrections towards the Chenming Mold'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 Chenming Mold Industrial, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Chenming Mold within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.22 | |
β | Beta against Dow Jones | 0.73 | |
σ | Overall volatility | 20.50 | |
Ir | Information ratio | 0.05 |
Chenming Mold 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 Chenming Mold for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Chenming Mold 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.| Chenming Mold had very high historical volatility over the last 90 days | |
| The company reported the revenue of 5.28 B. Net Loss for the year was (114.94 M) with profit before overhead, payroll, taxes, and interest of 260.31 M. | |
| About 59.0% of the company shares are owned by insiders or employees |
Chenming Mold 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 Chenming Stock often depends not only on the future outlook of the current and potential Chenming Mold'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. Chenming Mold's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 155.9 M |
Chenming Mold Technical Analysis
Chenming Mold's future price can be derived by breaking down and analyzing its technical indicators over time. Chenming Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Chenming Mold Industrial. In general, you should focus on analyzing Chenming Stock price patterns and their correlations with different microeconomic environments and drivers.
Chenming Mold Predictive Forecast Models
Chenming Mold's time-series forecasting models is one of many Chenming Mold'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 Chenming Mold'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 Chenming Mold Industrial
Checking the ongoing alerts about Chenming Mold for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Chenming Mold Industrial help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Chenming Mold had very high historical volatility over the last 90 days | |
| The company reported the revenue of 5.28 B. Net Loss for the year was (114.94 M) with profit before overhead, payroll, taxes, and interest of 260.31 M. | |
| About 59.0% of the company shares are owned by insiders or employees |
Additional Tools for Chenming Stock Analysis
When running Chenming Mold's price analysis, check to measure Chenming Mold'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 Chenming Mold is operating at the current time. Most of Chenming Mold's value examination focuses on studying past and present price action to predict the probability of Chenming Mold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chenming Mold's price. Additionally, you may evaluate how the addition of Chenming Mold to your portfolios can decrease your overall portfolio volatility.