Tomei Consolidated (Malaysia) Probability of Future Stock Price Finishing Over 1.44
| 7230 Stock | 1.45 0.01 0.69% |
Tomei |
Tomei Consolidated Target Price Odds to finish over 1.44
The tendency of Tomei 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 stay above 1.44 in 90 days |
| 1.45 | 90 days | 1.44 | about 98.0 |
Based on a normal probability distribution, the odds of Tomei Consolidated to stay above 1.44 in 90 days from now is about 98.0 (This Tomei Consolidated Bhd probability density function shows the probability of Tomei Stock to fall within a particular range of prices over 90 days) . Probability of Tomei Consolidated Bhd price to stay between 1.44 and its current price of 1.45 at the end of the 90-day period is near 1 .
Assuming the 90 days trading horizon Tomei Consolidated Bhd has a beta of -0.37. This suggests as returns on the benchmark increase, returns on holding Tomei Consolidated are expected to decrease at a much lower rate. During a bear market, however, Tomei Consolidated Bhd is likely to outperform the market. Additionally Tomei Consolidated Bhd 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. Tomei Consolidated Price Density |
| Price |
Predictive Modules for Tomei Consolidated
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Tomei Consolidated Bhd. 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.Tomei Consolidated Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Tomei Consolidated is not an exception. The market had few large corrections towards the Tomei Consolidated'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 Tomei Consolidated Bhd, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Tomei Consolidated within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.36 | |
β | Beta against Dow Jones | -0.37 | |
σ | Overall volatility | 0.15 | |
Ir | Information ratio | -0.31 |
Tomei Consolidated 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 Tomei Consolidated for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Tomei Consolidated Bhd can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Tomei Consolidated generated a negative expected return over the last 90 days | |
| Tomei Consolidated may become a speculative penny stock |
Tomei Consolidated Technical Analysis
Tomei Consolidated's future price can be derived by breaking down and analyzing its technical indicators over time. Tomei Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Tomei Consolidated Bhd. In general, you should focus on analyzing Tomei Stock price patterns and their correlations with different microeconomic environments and drivers.
Tomei Consolidated Predictive Forecast Models
Tomei Consolidated's time-series forecasting models is one of many Tomei Consolidated'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 Tomei Consolidated'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 Tomei Consolidated Bhd
Checking the ongoing alerts about Tomei Consolidated for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Tomei Consolidated Bhd help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Tomei Consolidated generated a negative expected return over the last 90 days | |
| Tomei Consolidated may become a speculative penny stock |