CoAsia Microelectronics (Taiwan) Probability of Future Stock Price Finishing Under 35.84
| 8096 Stock | TWD 41.00 1.00 2.38% |
CoAsia |
CoAsia Microelectronics Target Price Odds to finish below 35.84
The tendency of CoAsia 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$ 35.84 or more in 90 days |
| 41.00 | 90 days | 35.84 | roughly 2.89 |
Based on a normal probability distribution, the odds of CoAsia Microelectronics to drop to NT$ 35.84 or more in 90 days from now is roughly 2.89 (This CoAsia Microelectronics probability density function shows the probability of CoAsia Stock to fall within a particular range of prices over 90 days) . Probability of CoAsia Microelectronics price to stay between NT$ 35.84 and its current price of NT$41.0 at the end of the 90-day period is about 28.51 .
Assuming the 90 days trading horizon the stock has the beta coefficient of 1.38 . This suggests as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, CoAsia Microelectronics will likely underperform. Additionally CoAsia Microelectronics 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. CoAsia Microelectronics Price Density |
| Price |
Predictive Modules for CoAsia Microelectronics
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as CoAsia Microelectronics. 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.CoAsia Microelectronics Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. CoAsia Microelectronics is not an exception. The market had few large corrections towards the CoAsia Microelectronics' 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 CoAsia Microelectronics, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of CoAsia Microelectronics within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.43 | |
β | Beta against Dow Jones | 1.38 | |
σ | Overall volatility | 3.66 | |
Ir | Information ratio | -0.13 |
CoAsia Microelectronics 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 CoAsia Microelectronics for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for CoAsia Microelectronics can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| CoAsia Microelectronics generated a negative expected return over the last 90 days | |
| CoAsia Microelectronics has high historical volatility and very poor performance | |
| CoAsia Microelectronics has accumulated about 453.31 M in cash with (971.26 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.04. | |
| Roughly 34.0% of the company shares are owned by insiders or employees |
CoAsia Microelectronics 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 CoAsia Stock often depends not only on the future outlook of the current and potential CoAsia Microelectronics' 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. CoAsia Microelectronics' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 145.3 M |
CoAsia Microelectronics Technical Analysis
CoAsia Microelectronics' future price can be derived by breaking down and analyzing its technical indicators over time. CoAsia Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of CoAsia Microelectronics. In general, you should focus on analyzing CoAsia Stock price patterns and their correlations with different microeconomic environments and drivers.
CoAsia Microelectronics Predictive Forecast Models
CoAsia Microelectronics' time-series forecasting models is one of many CoAsia Microelectronics' 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 CoAsia Microelectronics' 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 CoAsia Microelectronics
Checking the ongoing alerts about CoAsia Microelectronics for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for CoAsia Microelectronics help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| CoAsia Microelectronics generated a negative expected return over the last 90 days | |
| CoAsia Microelectronics has high historical volatility and very poor performance | |
| CoAsia Microelectronics has accumulated about 453.31 M in cash with (971.26 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.04. | |
| Roughly 34.0% of the company shares are owned by insiders or employees |
Additional Tools for CoAsia Stock Analysis
When running CoAsia Microelectronics' price analysis, check to measure CoAsia Microelectronics' 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 CoAsia Microelectronics is operating at the current time. Most of CoAsia Microelectronics' value examination focuses on studying past and present price action to predict the probability of CoAsia Microelectronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CoAsia Microelectronics' price. Additionally, you may evaluate how the addition of CoAsia Microelectronics to your portfolios can decrease your overall portfolio volatility.