Chipbond Technology (Taiwan) Probability of Future Stock Price Finishing Under 63.15
| 6147 Stock | TWD 64.50 0.20 0.31% |
Chipbond |
Chipbond Technology Target Price Odds to finish below 63.15
The tendency of Chipbond 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$ 63.15 or more in 90 days |
| 64.50 | 90 days | 63.15 | about 11.09 |
Based on a normal probability distribution, the odds of Chipbond Technology to drop to NT$ 63.15 or more in 90 days from now is about 11.09 (This Chipbond Technology probability density function shows the probability of Chipbond Stock to fall within a particular range of prices over 90 days) . Probability of Chipbond Technology price to stay between NT$ 63.15 and its current price of NT$64.5 at the end of the 90-day period is about 28.2 .
Assuming the 90 days trading horizon Chipbond Technology has a beta of 0.015. This suggests as returns on the market go up, Chipbond Technology average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Chipbond Technology will be expected to be much smaller as well. Additionally Chipbond Technology 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. Chipbond Technology Price Density |
| Price |
Predictive Modules for Chipbond Technology
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Chipbond Technology. 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.Chipbond Technology Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Chipbond Technology is not an exception. The market had few large corrections towards the Chipbond Technology'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 Chipbond Technology, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Chipbond Technology within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.04 | |
β | Beta against Dow Jones | 0.01 | |
σ | Overall volatility | 1.43 | |
Ir | Information ratio | -0.15 |
Chipbond Technology 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 Chipbond Technology for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Chipbond Technology can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Chipbond Technology generated a negative expected return over the last 90 days | |
| About 17.0% of the company shares are owned by insiders or employees |
Chipbond Technology 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 Chipbond Stock often depends not only on the future outlook of the current and potential Chipbond Technology'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. Chipbond Technology's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 738.7 M |
Chipbond Technology Technical Analysis
Chipbond Technology's future price can be derived by breaking down and analyzing its technical indicators over time. Chipbond Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Chipbond Technology. In general, you should focus on analyzing Chipbond Stock price patterns and their correlations with different microeconomic environments and drivers.
Chipbond Technology Predictive Forecast Models
Chipbond Technology's time-series forecasting models is one of many Chipbond Technology'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 Chipbond Technology'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 Chipbond Technology
Checking the ongoing alerts about Chipbond Technology for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Chipbond Technology help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Chipbond Technology generated a negative expected return over the last 90 days | |
| About 17.0% of the company shares are owned by insiders or employees |
Additional Tools for Chipbond Stock Analysis
When running Chipbond Technology's price analysis, check to measure Chipbond Technology'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 Chipbond Technology is operating at the current time. Most of Chipbond Technology's value examination focuses on studying past and present price action to predict the probability of Chipbond Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chipbond Technology's price. Additionally, you may evaluate how the addition of Chipbond Technology to your portfolios can decrease your overall portfolio volatility.