Sunmax Biotechnology (Taiwan) Probability of Future Stock Price Finishing Under 271.77
| 4728 Stock | TWD 275.00 2.00 0.72% |
Sunmax |
Sunmax Biotechnology Target Price Odds to finish below 271.77
The tendency of Sunmax 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$ 271.77 or more in 90 days |
| 275.00 | 90 days | 271.77 | about 52.68 |
Based on a normal probability distribution, the odds of Sunmax Biotechnology to drop to NT$ 271.77 or more in 90 days from now is about 52.68 (This Sunmax Biotechnology Co probability density function shows the probability of Sunmax Stock to fall within a particular range of prices over 90 days) . Probability of Sunmax Biotechnology price to stay between NT$ 271.77 and its current price of NT$275.0 at the end of the 90-day period is about 15.78 .
Assuming the 90 days trading horizon Sunmax Biotechnology Co has a beta of -0.0496. This suggests as returns on the benchmark increase, returns on holding Sunmax Biotechnology are expected to decrease at a much lower rate. During a bear market, however, Sunmax Biotechnology Co is likely to outperform the market. Additionally Sunmax Biotechnology Co 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. Sunmax Biotechnology Price Density |
| Price |
Predictive Modules for Sunmax Biotechnology
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Sunmax Biotechnology. 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.Sunmax Biotechnology Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Sunmax Biotechnology is not an exception. The market had few large corrections towards the Sunmax Biotechnology'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 Sunmax Biotechnology Co, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Sunmax Biotechnology within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.06 | |
β | Beta against Dow Jones | -0.05 | |
σ | Overall volatility | 7.79 | |
Ir | Information ratio | -0.14 |
Sunmax Biotechnology 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 Sunmax Biotechnology for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Sunmax Biotechnology can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Sunmax Biotechnology generated a negative expected return over the last 90 days | |
| About 41.0% of the company shares are owned by insiders or employees |
Sunmax Biotechnology 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 Sunmax Stock often depends not only on the future outlook of the current and potential Sunmax Biotechnology'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. Sunmax Biotechnology's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 54.5 M |
Sunmax Biotechnology Technical Analysis
Sunmax Biotechnology's future price can be derived by breaking down and analyzing its technical indicators over time. Sunmax Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Sunmax Biotechnology Co. In general, you should focus on analyzing Sunmax Stock price patterns and their correlations with different microeconomic environments and drivers.
Sunmax Biotechnology Predictive Forecast Models
Sunmax Biotechnology's time-series forecasting models is one of many Sunmax Biotechnology'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 Sunmax Biotechnology'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 Sunmax Biotechnology
Checking the ongoing alerts about Sunmax Biotechnology for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Sunmax Biotechnology help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Sunmax Biotechnology generated a negative expected return over the last 90 days | |
| About 41.0% of the company shares are owned by insiders or employees |
Additional Tools for Sunmax Stock Analysis
When running Sunmax Biotechnology's price analysis, check to measure Sunmax Biotechnology'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 Sunmax Biotechnology is operating at the current time. Most of Sunmax Biotechnology's value examination focuses on studying past and present price action to predict the probability of Sunmax Biotechnology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sunmax Biotechnology's price. Additionally, you may evaluate how the addition of Sunmax Biotechnology to your portfolios can decrease your overall portfolio volatility.