Golden Friends (Taiwan) Probability of Future Stock Price Finishing Under 104.61
| 4506 Stock | TWD 102.00 0.50 0.49% |
Golden |
Golden Friends Target Price Odds to finish below 104.61
The tendency of Golden 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 stay under NT$ 104.61 after 90 days |
| 102.00 | 90 days | 104.61 | close to 99 |
Based on a normal probability distribution, the odds of Golden Friends to stay under NT$ 104.61 after 90 days from now is close to 99 (This Golden Friends probability density function shows the probability of Golden Stock to fall within a particular range of prices over 90 days) . Probability of Golden Friends price to stay between its current price of NT$ 102.00 and NT$ 104.61 at the end of the 90-day period is about 29.92 .
Assuming the 90 days trading horizon Golden Friends has a beta of -0.0165. This suggests as returns on the benchmark increase, returns on holding Golden Friends are expected to decrease at a much lower rate. During a bear market, however, Golden Friends is likely to outperform the market. Additionally Golden Friends has an alpha of 0.0341, implying that it can generate a 0.0341 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Golden Friends Price Density |
| Price |
Predictive Modules for Golden Friends
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Golden Friends. 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.Golden Friends Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Golden Friends is not an exception. The market had few large corrections towards the Golden Friends' 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 Golden Friends, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Golden Friends within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.03 | |
β | Beta against Dow Jones | -0.02 | |
σ | Overall volatility | 1.37 | |
Ir | Information ratio | -0.1 |
Golden Friends 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 Golden Friends for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Golden Friends can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| About 71.0% of the company shares are owned by insiders or employees |
Golden Friends 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 Golden Stock often depends not only on the future outlook of the current and potential Golden Friends' 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. Golden Friends' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 177 M |
Golden Friends Technical Analysis
Golden Friends' future price can be derived by breaking down and analyzing its technical indicators over time. Golden Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Golden Friends. In general, you should focus on analyzing Golden Stock price patterns and their correlations with different microeconomic environments and drivers.
Golden Friends Predictive Forecast Models
Golden Friends' time-series forecasting models is one of many Golden Friends' 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 Golden Friends' 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 Golden Friends
Checking the ongoing alerts about Golden Friends for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Golden Friends help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| About 71.0% of the company shares are owned by insiders or employees |
Additional Tools for Golden Stock Analysis
When running Golden Friends' price analysis, check to measure Golden Friends' 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 Golden Friends is operating at the current time. Most of Golden Friends' value examination focuses on studying past and present price action to predict the probability of Golden Friends' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Golden Friends' price. Additionally, you may evaluate how the addition of Golden Friends to your portfolios can decrease your overall portfolio volatility.