Optimax Technology (Taiwan) Probability of Future Stock Price Finishing Under 29.75
| 3051 Stock | TWD 31.15 0.15 0.48% |
Optimax |
Optimax Technology Target Price Odds to finish below 29.75
The tendency of Optimax 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$ 29.75 or more in 90 days |
| 31.15 | 90 days | 29.75 | about 13.47 |
Based on a normal probability distribution, the odds of Optimax Technology to drop to NT$ 29.75 or more in 90 days from now is about 13.47 (This Optimax Technology Corp probability density function shows the probability of Optimax Stock to fall within a particular range of prices over 90 days) . Probability of Optimax Technology Corp price to stay between NT$ 29.75 and its current price of NT$31.15 at the end of the 90-day period is about 46.21 .
Assuming the 90 days trading horizon Optimax Technology Corp has a beta of -0.006. This suggests as returns on the benchmark increase, returns on holding Optimax Technology are expected to decrease at a much lower rate. During a bear market, however, Optimax Technology Corp is likely to outperform the market. Additionally Optimax Technology Corp 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. Optimax Technology Price Density |
| Price |
Predictive Modules for Optimax Technology
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Optimax Technology Corp. 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.Optimax Technology Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Optimax Technology is not an exception. The market had few large corrections towards the Optimax Technology'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 Optimax Technology Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Optimax Technology within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.05 | |
β | Beta against Dow Jones | -0.006 | |
σ | Overall volatility | 1.04 | |
Ir | Information ratio | -0.09 |
Optimax Technology 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 Optimax Technology for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Optimax Technology Corp can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Optimax Technology generated a negative expected return over the last 90 days | |
| Optimax Technology Corp has accumulated 1.79 B in total debt with debt to equity ratio (D/E) of 0.98, which is about average as compared to similar companies. Optimax Technology Corp has a current ratio of 0.89, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Optimax Technology until it has trouble settling it off, either with new capital or with free cash flow. So, Optimax Technology's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Optimax Technology Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Optimax to invest in growth at high rates of return. When we think about Optimax Technology's use of debt, we should always consider it together with cash and equity. | |
| About 27.0% of Optimax Technology shares are owned by insiders or employees |
Optimax Technology 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 Optimax Stock often depends not only on the future outlook of the current and potential Optimax Technology'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. Optimax Technology's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 170 M |
Optimax Technology Technical Analysis
Optimax Technology's future price can be derived by breaking down and analyzing its technical indicators over time. Optimax Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Optimax Technology Corp. In general, you should focus on analyzing Optimax Stock price patterns and their correlations with different microeconomic environments and drivers.
Optimax Technology Predictive Forecast Models
Optimax Technology's time-series forecasting models is one of many Optimax Technology'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 Optimax Technology'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 Optimax Technology Corp
Checking the ongoing alerts about Optimax Technology for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Optimax Technology Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Optimax Technology generated a negative expected return over the last 90 days | |
| Optimax Technology Corp has accumulated 1.79 B in total debt with debt to equity ratio (D/E) of 0.98, which is about average as compared to similar companies. Optimax Technology Corp has a current ratio of 0.89, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Optimax Technology until it has trouble settling it off, either with new capital or with free cash flow. So, Optimax Technology's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Optimax Technology Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Optimax to invest in growth at high rates of return. When we think about Optimax Technology's use of debt, we should always consider it together with cash and equity. | |
| About 27.0% of Optimax Technology shares are owned by insiders or employees |
Additional Tools for Optimax Stock Analysis
When running Optimax Technology's price analysis, check to measure Optimax Technology'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 Optimax Technology is operating at the current time. Most of Optimax Technology's value examination focuses on studying past and present price action to predict the probability of Optimax Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Optimax Technology's price. Additionally, you may evaluate how the addition of Optimax Technology to your portfolios can decrease your overall portfolio volatility.