Tenaga Nasional (Malaysia) Probability of Future Stock Price Finishing Under 12.79
| 5347 Stock | 14.04 0.04 0.29% |
Tenaga |
Tenaga Nasional Target Price Odds to finish below 12.79
The tendency of Tenaga 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 12.79 or more in 90 days |
| 14.04 | 90 days | 12.79 | near 1 |
Based on a normal probability distribution, the odds of Tenaga Nasional to drop to 12.79 or more in 90 days from now is near 1 (This Tenaga Nasional Bhd probability density function shows the probability of Tenaga Stock to fall within a particular range of prices over 90 days) . Probability of Tenaga Nasional Bhd price to stay between 12.79 and its current price of 14.04 at the end of the 90-day period is about 19.29 .
Assuming the 90 days trading horizon Tenaga Nasional Bhd has a beta of -0.14. This suggests as returns on the benchmark increase, returns on holding Tenaga Nasional are expected to decrease at a much lower rate. During a bear market, however, Tenaga Nasional Bhd is likely to outperform the market. Additionally Tenaga Nasional Bhd has an alpha of 0.0506, implying that it can generate a 0.0506 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Tenaga Nasional Price Density |
| Price |
Predictive Modules for Tenaga Nasional
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Tenaga Nasional Bhd. 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.Tenaga Nasional Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Tenaga Nasional is not an exception. The market had few large corrections towards the Tenaga Nasional'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 Tenaga Nasional Bhd, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Tenaga Nasional within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.05 | |
β | Beta against Dow Jones | -0.14 | |
σ | Overall volatility | 0.30 | |
Ir | Information ratio | -0.07 |
Tenaga Nasional 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 Tenaga Stock often depends not only on the future outlook of the current and potential Tenaga Nasional'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. Tenaga Nasional's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 5.7 B | |
| Cash And Short Term Investments | 8.7 B |
Tenaga Nasional Technical Analysis
Tenaga Nasional's future price can be derived by breaking down and analyzing its technical indicators over time. Tenaga Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Tenaga Nasional Bhd. In general, you should focus on analyzing Tenaga Stock price patterns and their correlations with different microeconomic environments and drivers.
Tenaga Nasional Predictive Forecast Models
Tenaga Nasional's time-series forecasting models is one of many Tenaga Nasional'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 Tenaga Nasional'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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Tenaga Nasional in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Tenaga Nasional's short interest history, or implied volatility extrapolated from Tenaga Nasional options trading.
Other Information on Investing in Tenaga Stock
Tenaga Nasional financial ratios help investors to determine whether Tenaga Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Tenaga with respect to the benefits of owning Tenaga Nasional security.