AzureWave Technologies (Taiwan) Probability of Future Stock Price Finishing Under 11.66
| 3694 Stock | TWD 51.30 2.40 4.47% |
AzureWave |
AzureWave Technologies Target Price Odds to finish below 11.66
The tendency of AzureWave 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$ 11.66 or more in 90 days |
| 51.30 | 90 days | 11.66 | near 1 |
Based on a normal probability distribution, the odds of AzureWave Technologies to drop to NT$ 11.66 or more in 90 days from now is near 1 (This AzureWave Technologies probability density function shows the probability of AzureWave Stock to fall within a particular range of prices over 90 days) . Probability of AzureWave Technologies price to stay between NT$ 11.66 and its current price of NT$51.3 at the end of the 90-day period is about 99.0 .
Assuming the 90 days trading horizon AzureWave Technologies has a beta of 0.0918. This suggests as returns on the market go up, AzureWave Technologies average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding AzureWave Technologies will be expected to be much smaller as well. Additionally AzureWave Technologies has an alpha of 0.3399, implying that it can generate a 0.34 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). AzureWave Technologies Price Density |
| Price |
Predictive Modules for AzureWave Technologies
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as AzureWave Technologies. 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.AzureWave Technologies Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. AzureWave Technologies is not an exception. The market had few large corrections towards the AzureWave Technologies' 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 AzureWave Technologies, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of AzureWave Technologies within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.34 | |
β | Beta against Dow Jones | 0.09 | |
σ | Overall volatility | 3.29 | |
Ir | Information ratio | 0.08 |
AzureWave Technologies 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 AzureWave Technologies for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for AzureWave Technologies can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| AzureWave Technologies has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| AzureWave Technologies has accumulated about 211.61 M in cash with (122.39 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.4. | |
| Roughly 62.0% of the company shares are owned by insiders or employees |
AzureWave Technologies 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 AzureWave Stock often depends not only on the future outlook of the current and potential AzureWave Technologies' 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. AzureWave Technologies' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 153.4 M |
AzureWave Technologies Technical Analysis
AzureWave Technologies' future price can be derived by breaking down and analyzing its technical indicators over time. AzureWave Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of AzureWave Technologies. In general, you should focus on analyzing AzureWave Stock price patterns and their correlations with different microeconomic environments and drivers.
AzureWave Technologies Predictive Forecast Models
AzureWave Technologies' time-series forecasting models is one of many AzureWave Technologies' 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 AzureWave Technologies' 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 AzureWave Technologies
Checking the ongoing alerts about AzureWave Technologies for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for AzureWave Technologies help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| AzureWave Technologies has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| AzureWave Technologies has accumulated about 211.61 M in cash with (122.39 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.4. | |
| Roughly 62.0% of the company shares are owned by insiders or employees |
Additional Tools for AzureWave Stock Analysis
When running AzureWave Technologies' price analysis, check to measure AzureWave Technologies' 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 AzureWave Technologies is operating at the current time. Most of AzureWave Technologies' value examination focuses on studying past and present price action to predict the probability of AzureWave Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AzureWave Technologies' price. Additionally, you may evaluate how the addition of AzureWave Technologies to your portfolios can decrease your overall portfolio volatility.