Samebest (Taiwan) Odds of Future Stock Price Finishing Under 27.87
| 8489 Stock | TWD 32.00 0.35 1.08% |
Samebest |
Samebest Target Price Odds to finish below 27.87
The tendency of Samebest 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$ 27.87 or more in 90 days |
| 32.00 | 90 days | 27.87 | about 8.81 |
Based on a normal probability distribution, the odds of Samebest to drop to NT$ 27.87 or more in 90 days from now is about 8.81 (This Samebest Co probability density function shows the probability of Samebest Stock to fall within a particular range of prices over 90 days) . Probability of Samebest price to stay between NT$ 27.87 and its current price of NT$32.0 at the end of the 90-day period is about 91.02 .
Assuming the 90 days trading horizon Samebest has a beta of 0.0179. This suggests as returns on the market go up, Samebest average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Samebest Co will be expected to be much smaller as well. Additionally Samebest Co has an alpha of 0.1514, implying that it can generate a 0.15 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Samebest Price Density |
| Price |
Predictive Modules for Samebest
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Samebest. 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.Samebest Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Samebest is not an exception. The market had few large corrections towards the Samebest'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 Samebest Co, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Samebest within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.15 | |
β | Beta against Dow Jones | 0.02 | |
σ | Overall volatility | 0.76 | |
Ir | Information ratio | 0.03 |
Samebest 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 Samebest for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Samebest can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| The company reported the revenue of 1.33 B. Net Loss for the year was (28.94 M) with profit before overhead, payroll, taxes, and interest of 642.9 M. | |
| About 33.0% of the company shares are owned by insiders or employees |
Samebest 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 Samebest Stock often depends not only on the future outlook of the current and potential Samebest'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. Samebest's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 36.4 M |
Samebest Technical Analysis
Samebest's future price can be derived by breaking down and analyzing its technical indicators over time. Samebest Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Samebest Co. In general, you should focus on analyzing Samebest Stock price patterns and their correlations with different microeconomic environments and drivers.
Samebest Predictive Forecast Models
Samebest's time-series forecasting models is one of many Samebest'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 Samebest'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 Samebest
Checking the ongoing alerts about Samebest for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Samebest help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| The company reported the revenue of 1.33 B. Net Loss for the year was (28.94 M) with profit before overhead, payroll, taxes, and interest of 642.9 M. | |
| About 33.0% of the company shares are owned by insiders or employees |
Additional Tools for Samebest Stock Analysis
When running Samebest's price analysis, check to measure Samebest'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 Samebest is operating at the current time. Most of Samebest's value examination focuses on studying past and present price action to predict the probability of Samebest's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Samebest's price. Additionally, you may evaluate how the addition of Samebest to your portfolios can decrease your overall portfolio volatility.