TMP Steel (Taiwan) Probability of Future Stock Price Finishing Over 30.08
| 6248 Stock | TWD 28.30 0.15 0.53% |
TMP |
TMP Steel Target Price Odds to finish over 30.08
The tendency of TMP 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 move over NT$ 30.08 or more in 90 days |
| 28.30 | 90 days | 30.08 | about 57.93 |
Based on a normal probability distribution, the odds of TMP Steel to move over NT$ 30.08 or more in 90 days from now is about 57.93 (This TMP Steel probability density function shows the probability of TMP Stock to fall within a particular range of prices over 90 days) . Probability of TMP Steel price to stay between its current price of NT$ 28.30 and NT$ 30.08 at the end of the 90-day period is about 34.4 .
Assuming the 90 days trading horizon TMP Steel has a beta of 0.46. This suggests as returns on the market go up, TMP Steel average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding TMP Steel will be expected to be much smaller as well. Additionally TMP Steel 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. TMP Steel Price Density |
| Price |
Predictive Modules for TMP Steel
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as TMP Steel. 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.TMP Steel Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. TMP Steel is not an exception. The market had few large corrections towards the TMP Steel'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 TMP Steel, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of TMP Steel within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.25 | |
β | Beta against Dow Jones | 0.46 | |
σ | Overall volatility | 1.45 | |
Ir | Information ratio | -0.23 |
TMP Steel 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 TMP Steel for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for TMP Steel can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| TMP Steel generated a negative expected return over the last 90 days | |
| TMP Steel generates negative cash flow from operations | |
| About 43.0% of the company shares are owned by insiders or employees |
TMP Steel 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 TMP Stock often depends not only on the future outlook of the current and potential TMP Steel'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. TMP Steel's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 45.7 M |
TMP Steel Technical Analysis
TMP Steel's future price can be derived by breaking down and analyzing its technical indicators over time. TMP Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of TMP Steel. In general, you should focus on analyzing TMP Stock price patterns and their correlations with different microeconomic environments and drivers.
TMP Steel Predictive Forecast Models
TMP Steel's time-series forecasting models is one of many TMP Steel'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 TMP Steel'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 TMP Steel
Checking the ongoing alerts about TMP Steel for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for TMP Steel help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| TMP Steel generated a negative expected return over the last 90 days | |
| TMP Steel generates negative cash flow from operations | |
| About 43.0% of the company shares are owned by insiders or employees |
Additional Tools for TMP Stock Analysis
When running TMP Steel's price analysis, check to measure TMP Steel'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 TMP Steel is operating at the current time. Most of TMP Steel's value examination focuses on studying past and present price action to predict the probability of TMP Steel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TMP Steel's price. Additionally, you may evaluate how the addition of TMP Steel to your portfolios can decrease your overall portfolio volatility.