Sports Gear (Taiwan) Probability of Future Stock Price Finishing Under 90.28
| 6768 Stock | TWD 147.50 1.00 0.67% |
Sports |
Sports Gear Target Price Odds to finish below 90.28
The tendency of Sports 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$ 90.28 or more in 90 days |
| 147.50 | 90 days | 90.28 | about 18.56 |
Based on a normal probability distribution, the odds of Sports Gear to drop to NT$ 90.28 or more in 90 days from now is about 18.56 (This Sports Gear Co probability density function shows the probability of Sports Stock to fall within a particular range of prices over 90 days) . Probability of Sports Gear price to stay between NT$ 90.28 and its current price of NT$147.5 at the end of the 90-day period is about 77.07 .
Assuming the 90 days trading horizon Sports Gear has a beta of 0.55. This suggests as returns on the market go up, Sports Gear average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Sports Gear Co will be expected to be much smaller as well. Additionally Sports Gear Co has an alpha of 0.8216, implying that it can generate a 0.82 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Sports Gear Price Density |
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Predictive Modules for Sports Gear
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Sports Gear. 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.Sports Gear Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Sports Gear is not an exception. The market had few large corrections towards the Sports Gear'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 Sports Gear Co, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Sports Gear within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.82 | |
β | Beta against Dow Jones | 0.55 | |
σ | Overall volatility | 21.94 | |
Ir | Information ratio | 0.23 |
Sports Gear 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 Sports Gear for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Sports Gear can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Sports Gear appears to be risky and price may revert if volatility continues | |
| About 84.0% of the company shares are owned by insiders or employees |
Sports Gear 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 Sports Stock often depends not only on the future outlook of the current and potential Sports Gear'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. Sports Gear's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 196 M |
Sports Gear Technical Analysis
Sports Gear's future price can be derived by breaking down and analyzing its technical indicators over time. Sports Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Sports Gear Co. In general, you should focus on analyzing Sports Stock price patterns and their correlations with different microeconomic environments and drivers.
Sports Gear Predictive Forecast Models
Sports Gear's time-series forecasting models is one of many Sports Gear'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 Sports Gear'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 Sports Gear
Checking the ongoing alerts about Sports Gear for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Sports Gear help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Sports Gear appears to be risky and price may revert if volatility continues | |
| About 84.0% of the company shares are owned by insiders or employees |
Additional Tools for Sports Stock Analysis
When running Sports Gear's price analysis, check to measure Sports Gear'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 Sports Gear is operating at the current time. Most of Sports Gear's value examination focuses on studying past and present price action to predict the probability of Sports Gear's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sports Gear's price. Additionally, you may evaluate how the addition of Sports Gear to your portfolios can decrease your overall portfolio volatility.