Coretronic (Taiwan) Probability of Future Stock Price Finishing Over 76.05
| 5371 Stock | TWD 77.60 6.50 9.14% |
Coretronic |
Coretronic Target Price Odds to finish over 76.05
The tendency of Coretronic 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 above NT$ 76.05 in 90 days |
| 77.60 | 90 days | 76.05 | about 26.68 |
Based on a normal probability distribution, the odds of Coretronic to stay above NT$ 76.05 in 90 days from now is about 26.68 (This Coretronic probability density function shows the probability of Coretronic Stock to fall within a particular range of prices over 90 days) . Probability of Coretronic price to stay between NT$ 76.05 and its current price of NT$77.6 at the end of the 90-day period is about 11.98 .
Assuming the 90 days trading horizon Coretronic has a beta of 0.76. This suggests as returns on the market go up, Coretronic average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Coretronic will be expected to be much smaller as well. Additionally Coretronic 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. Coretronic Price Density |
| Price |
Predictive Modules for Coretronic
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Coretronic. 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.Coretronic Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Coretronic is not an exception. The market had few large corrections towards the Coretronic'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 Coretronic, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Coretronic within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.12 | |
β | Beta against Dow Jones | 0.76 | |
σ | Overall volatility | 3.63 | |
Ir | Information ratio | -0.06 |
Coretronic 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 Coretronic for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Coretronic can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Coretronic generated a negative expected return over the last 90 days | |
| Coretronic has accumulated about 18.56 B in cash with (2.14 B) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 42.8. | |
| Roughly 36.0% of the company shares are owned by insiders or employees |
Coretronic 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 Coretronic Stock often depends not only on the future outlook of the current and potential Coretronic'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. Coretronic's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 391 M |
Coretronic Technical Analysis
Coretronic's future price can be derived by breaking down and analyzing its technical indicators over time. Coretronic Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Coretronic. In general, you should focus on analyzing Coretronic Stock price patterns and their correlations with different microeconomic environments and drivers.
Coretronic Predictive Forecast Models
Coretronic's time-series forecasting models is one of many Coretronic'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 Coretronic'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 Coretronic
Checking the ongoing alerts about Coretronic for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Coretronic help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Coretronic generated a negative expected return over the last 90 days | |
| Coretronic has accumulated about 18.56 B in cash with (2.14 B) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 42.8. | |
| Roughly 36.0% of the company shares are owned by insiders or employees |
Additional Tools for Coretronic Stock Analysis
When running Coretronic's price analysis, check to measure Coretronic'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 Coretronic is operating at the current time. Most of Coretronic's value examination focuses on studying past and present price action to predict the probability of Coretronic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Coretronic's price. Additionally, you may evaluate how the addition of Coretronic to your portfolios can decrease your overall portfolio volatility.