Genesis Technology (Taiwan) Probability of Future Stock Price Finishing Under 63.39
| 6221 Stock | TWD 65.80 0.10 0.15% |
Genesis |
Genesis Technology Target Price Odds to finish below 63.39
The tendency of Genesis 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$ 63.39 or more in 90 days |
| 65.80 | 90 days | 63.39 | about 6.58 |
Based on a normal probability distribution, the odds of Genesis Technology to drop to NT$ 63.39 or more in 90 days from now is about 6.58 (This Genesis Technology probability density function shows the probability of Genesis Stock to fall within a particular range of prices over 90 days) . Probability of Genesis Technology price to stay between NT$ 63.39 and its current price of NT$65.8 at the end of the 90-day period is about 6.12 .
Assuming the 90 days trading horizon Genesis Technology has a beta of -0.55. This suggests as returns on the benchmark increase, returns on holding Genesis Technology are expected to decrease at a much lower rate. During a bear market, however, Genesis Technology is likely to outperform the market. Additionally Genesis 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. Genesis Technology Price Density |
| Price |
Predictive Modules for Genesis 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 Genesis 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.Genesis Technology Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Genesis Technology is not an exception. The market had few large corrections towards the Genesis 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 Genesis Technology, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Genesis Technology within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.19 | |
β | Beta against Dow Jones | -0.55 | |
σ | Overall volatility | 6.59 | |
Ir | Information ratio | -0.14 |
Genesis 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 Genesis Technology for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Genesis 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.| Genesis Technology generated a negative expected return over the last 90 days | |
| About 79.0% of the company shares are owned by insiders or employees |
Genesis 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 Genesis Stock often depends not only on the future outlook of the current and potential Genesis 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. Genesis Technology's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 71.4 M |
Genesis Technology Technical Analysis
Genesis Technology's future price can be derived by breaking down and analyzing its technical indicators over time. Genesis Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Genesis Technology. In general, you should focus on analyzing Genesis Stock price patterns and their correlations with different microeconomic environments and drivers.
Genesis Technology Predictive Forecast Models
Genesis Technology's time-series forecasting models is one of many Genesis 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 Genesis 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 Genesis Technology
Checking the ongoing alerts about Genesis Technology for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Genesis Technology help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Genesis Technology generated a negative expected return over the last 90 days | |
| About 79.0% of the company shares are owned by insiders or employees |
Additional Tools for Genesis Stock Analysis
When running Genesis Technology's price analysis, check to measure Genesis 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 Genesis Technology is operating at the current time. Most of Genesis Technology's value examination focuses on studying past and present price action to predict the probability of Genesis 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 Genesis Technology's price. Additionally, you may evaluate how the addition of Genesis Technology to your portfolios can decrease your overall portfolio volatility.