HiTi Digital (Taiwan) Probability of Future Stock Price Finishing Under 5.98
| 3494 Stock | TWD 16.10 0.10 0.63% |
HiTi |
HiTi Digital Target Price Odds to finish below 5.98
The tendency of HiTi 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$ 5.98 or more in 90 days |
| 16.10 | 90 days | 5.98 | about 16.66 |
Based on a normal probability distribution, the odds of HiTi Digital to drop to NT$ 5.98 or more in 90 days from now is about 16.66 (This HiTi Digital probability density function shows the probability of HiTi Stock to fall within a particular range of prices over 90 days) . Probability of HiTi Digital price to stay between NT$ 5.98 and its current price of NT$16.1 at the end of the 90-day period is about 76.64 .
Assuming the 90 days trading horizon HiTi Digital has a beta of -0.48. This suggests as returns on the benchmark increase, returns on holding HiTi Digital are expected to decrease at a much lower rate. During a bear market, however, HiTi Digital is likely to outperform the market. Moreover HiTi Digital has an alpha of 1.9719, implying that it can generate a 1.97 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). HiTi Digital Price Density |
| Price |
Predictive Modules for HiTi Digital
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as HiTi Digital. 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.HiTi Digital Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. HiTi Digital is not an exception. The market had few large corrections towards the HiTi Digital'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 HiTi Digital, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of HiTi Digital within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 1.97 | |
β | Beta against Dow Jones | -0.48 | |
σ | Overall volatility | 4.10 | |
Ir | Information ratio | 0.12 |
HiTi Digital 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 HiTi Digital for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for HiTi Digital can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| HiTi Digital is way too risky over 90 days horizon | |
| HiTi Digital appears to be risky and price may revert if volatility continues | |
| The company reported the revenue of 455.56 M. Net Loss for the year was (188.82 M) with profit before overhead, payroll, taxes, and interest of 54.56 M. | |
| HiTi Digital has accumulated about 563.23 M in cash with (102.71 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.14. | |
| Roughly 34.0% of the company shares are owned by insiders or employees |
HiTi Digital 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 HiTi Stock often depends not only on the future outlook of the current and potential HiTi Digital'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. HiTi Digital's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 120 M |
HiTi Digital Technical Analysis
HiTi Digital's future price can be derived by breaking down and analyzing its technical indicators over time. HiTi Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of HiTi Digital. In general, you should focus on analyzing HiTi Stock price patterns and their correlations with different microeconomic environments and drivers.
HiTi Digital Predictive Forecast Models
HiTi Digital's time-series forecasting models is one of many HiTi Digital'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 HiTi Digital'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 HiTi Digital
Checking the ongoing alerts about HiTi Digital for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for HiTi Digital help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| HiTi Digital is way too risky over 90 days horizon | |
| HiTi Digital appears to be risky and price may revert if volatility continues | |
| The company reported the revenue of 455.56 M. Net Loss for the year was (188.82 M) with profit before overhead, payroll, taxes, and interest of 54.56 M. | |
| HiTi Digital has accumulated about 563.23 M in cash with (102.71 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.14. | |
| Roughly 34.0% of the company shares are owned by insiders or employees |
Additional Tools for HiTi Stock Analysis
When running HiTi Digital's price analysis, check to measure HiTi Digital'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 HiTi Digital is operating at the current time. Most of HiTi Digital's value examination focuses on studying past and present price action to predict the probability of HiTi Digital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move HiTi Digital's price. Additionally, you may evaluate how the addition of HiTi Digital to your portfolios can decrease your overall portfolio volatility.