ITE Tech (Taiwan) Odds of Future Stock Price Finishing Over 178.03
| 3014 Stock | TWD 139.00 4.00 2.80% |
ITE |
ITE Tech Target Price Odds to finish over 178.03
The tendency of ITE 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 move over NT$ 178.03 or more in 90 days |
| 139.00 | 90 days | 178.03 | near 1 |
Based on a normal probability distribution, the odds of ITE Tech to move over NT$ 178.03 or more in 90 days from now is near 1 (This ITE Tech probability density function shows the probability of ITE Stock to fall within a particular range of prices over 90 days) . Probability of ITE Tech price to stay between its current price of NT$ 139.00 and NT$ 178.03 at the end of the 90-day period is about 63.41 .
Assuming the 90 days trading horizon the stock has the beta coefficient of 1.22 . This suggests as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, ITE Tech will likely underperform. Additionally ITE Tech 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. ITE Tech Price Density |
| Price |
Predictive Modules for ITE Tech
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ITE Tech. 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.ITE Tech Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. ITE Tech is not an exception. The market had few large corrections towards the ITE Tech'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 ITE Tech, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of ITE Tech within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.19 | |
β | Beta against Dow Jones | 1.22 | |
σ | Overall volatility | 4.29 | |
Ir | Information ratio | -0.08 |
ITE Tech 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 ITE Tech for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for ITE Tech can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| ITE Tech generated a negative expected return over the last 90 days | |
| About 15.0% of the company shares are owned by insiders or employees |
ITE Tech 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 ITE Stock often depends not only on the future outlook of the current and potential ITE Tech'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. ITE Tech's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 161.1 M |
ITE Tech Technical Analysis
ITE Tech's future price can be derived by breaking down and analyzing its technical indicators over time. ITE Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of ITE Tech. In general, you should focus on analyzing ITE Stock price patterns and their correlations with different microeconomic environments and drivers.
ITE Tech Predictive Forecast Models
ITE Tech's time-series forecasting models is one of many ITE Tech'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 ITE Tech'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 ITE Tech
Checking the ongoing alerts about ITE Tech for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for ITE Tech help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| ITE Tech generated a negative expected return over the last 90 days | |
| About 15.0% of the company shares are owned by insiders or employees |
Additional Tools for ITE Stock Analysis
When running ITE Tech's price analysis, check to measure ITE Tech'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 ITE Tech is operating at the current time. Most of ITE Tech's value examination focuses on studying past and present price action to predict the probability of ITE Tech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ITE Tech's price. Additionally, you may evaluate how the addition of ITE Tech to your portfolios can decrease your overall portfolio volatility.