Powertech Technology (Taiwan) Probability of Future Stock Price Finishing Under 122.83
| 6239 Stock | TWD 125.00 1.00 0.81% |
Powertech |
Powertech Technology Target Price Odds to finish below 122.83
The tendency of Powertech 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$ 122.83 or more in 90 days |
| 125.00 | 90 days | 122.83 | under 4 |
Based on a normal probability distribution, the odds of Powertech Technology to drop to NT$ 122.83 or more in 90 days from now is under 4 (This Powertech Technology probability density function shows the probability of Powertech Stock to fall within a particular range of prices over 90 days) . Probability of Powertech Technology price to stay between NT$ 122.83 and its current price of NT$125.0 at the end of the 90-day period is under 4.
Assuming the 90 days trading horizon Powertech Technology has a beta of 0.47. This suggests as returns on the market go up, Powertech Technology average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Powertech Technology will be expected to be much smaller as well. Additionally Powertech 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. Powertech Technology Price Density |
| Price |
Predictive Modules for Powertech 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 Powertech 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.Powertech Technology Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Powertech Technology is not an exception. The market had few large corrections towards the Powertech 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 Powertech Technology, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Powertech Technology within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.28 | |
β | Beta against Dow Jones | 0.47 | |
σ | Overall volatility | 6.54 | |
Ir | Information ratio | -0.21 |
Powertech 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 Powertech Technology for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Powertech 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.| Powertech Technology generated a negative expected return over the last 90 days |
Powertech 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 Powertech Stock often depends not only on the future outlook of the current and potential Powertech 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. Powertech Technology's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 768.7 M |
Powertech Technology Technical Analysis
Powertech Technology's future price can be derived by breaking down and analyzing its technical indicators over time. Powertech Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Powertech Technology. In general, you should focus on analyzing Powertech Stock price patterns and their correlations with different microeconomic environments and drivers.
Powertech Technology Predictive Forecast Models
Powertech Technology's time-series forecasting models is one of many Powertech 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 Powertech 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 Powertech Technology
Checking the ongoing alerts about Powertech Technology for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Powertech Technology help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Powertech Technology generated a negative expected return over the last 90 days |
Additional Tools for Powertech Stock Analysis
When running Powertech Technology's price analysis, check to measure Powertech 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 Powertech Technology is operating at the current time. Most of Powertech Technology's value examination focuses on studying past and present price action to predict the probability of Powertech 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 Powertech Technology's price. Additionally, you may evaluate how the addition of Powertech Technology to your portfolios can decrease your overall portfolio volatility.