Techshine Electronics (China) Probability of Future Stock Price Finishing Under 16.15
| 301379 Stock | 19.64 1.04 5.03% |
Techshine |
Techshine Electronics Target Price Odds to finish below 16.15
The tendency of Techshine 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 16.15 or more in 90 days |
| 19.64 | 90 days | 16.15 | about 19.42 |
Based on a normal probability distribution, the odds of Techshine Electronics to drop to 16.15 or more in 90 days from now is about 19.42 (This Techshine Electronics Co probability density function shows the probability of Techshine Stock to fall within a particular range of prices over 90 days) . Probability of Techshine Electronics price to stay between 16.15 and its current price of 19.64 at the end of the 90-day period is about 53.91 .
Assuming the 90 days trading horizon Techshine Electronics Co has a beta of -0.62. This suggests as returns on the benchmark increase, returns on holding Techshine Electronics are expected to decrease at a much lower rate. During a bear market, however, Techshine Electronics Co is likely to outperform the market. Additionally Techshine Electronics Co has an alpha of 0.4286, implying that it can generate a 0.43 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Techshine Electronics Price Density |
| Price |
Predictive Modules for Techshine Electronics
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Techshine Electronics. 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.Techshine Electronics Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Techshine Electronics is not an exception. The market had few large corrections towards the Techshine Electronics' 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 Techshine Electronics Co, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Techshine Electronics within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.43 | |
β | Beta against Dow Jones | -0.62 | |
σ | Overall volatility | 2.35 | |
Ir | Information ratio | 0.06 |
Techshine Electronics 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 Techshine Electronics for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Techshine Electronics can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Techshine Electronics had very high historical volatility over the last 90 days | |
| About 59.0% of the company shares are owned by insiders or employees |
Techshine Electronics 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 Techshine Stock often depends not only on the future outlook of the current and potential Techshine Electronics' 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. Techshine Electronics' indicators that are reflective of the short sentiment are summarized in the table below.
| Dividend Yield | 0.0204 | |
| Forward Annual Dividend Rate | 0.4 | |
| Shares Float | 74.9 M |
Techshine Electronics Technical Analysis
Techshine Electronics' future price can be derived by breaking down and analyzing its technical indicators over time. Techshine Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Techshine Electronics Co. In general, you should focus on analyzing Techshine Stock price patterns and their correlations with different microeconomic environments and drivers.
Techshine Electronics Predictive Forecast Models
Techshine Electronics' time-series forecasting models is one of many Techshine Electronics' 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 Techshine Electronics' 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 Techshine Electronics
Checking the ongoing alerts about Techshine Electronics for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Techshine Electronics help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Techshine Electronics had very high historical volatility over the last 90 days | |
| About 59.0% of the company shares are owned by insiders or employees |
Other Information on Investing in Techshine Stock
Techshine Electronics financial ratios help investors to determine whether Techshine Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Techshine with respect to the benefits of owning Techshine Electronics security.