Fitters Diversified (Malaysia) Probability of Future Stock Price Finishing Over 31.07
| 9318 Stock | 0.04 0.01 12.50% |
Fitters |
Fitters Diversified Target Price Odds to finish over 31.07
The tendency of Fitters 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 31.07 or more in 90 days |
| 0.04 | 90 days | 31.07 | close to zero percent |
Based on a normal probability distribution, the odds of Fitters Diversified to move over 31.07 or more in 90 days from now is close to zero percent (This Fitters Diversified Bhd probability density function shows the probability of Fitters Stock to fall within a particular range of prices over 90 days) . Probability of Fitters Diversified Bhd price to stay between its current price of 0.04 and 31.07 at the end of the 90-day period is about 88.51 .
Assuming the 90 days trading horizon Fitters Diversified Bhd has a beta of -0.21. This suggests as returns on the benchmark increase, returns on holding Fitters Diversified are expected to decrease at a much lower rate. During a bear market, however, Fitters Diversified Bhd is likely to outperform the market. Additionally Fitters Diversified Bhd has an alpha of 0.7447, implying that it can generate a 0.74 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Fitters Diversified Price Density |
| Price |
Predictive Modules for Fitters Diversified
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Fitters Diversified 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.Fitters Diversified Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Fitters Diversified is not an exception. The market had few large corrections towards the Fitters Diversified'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 Fitters Diversified Bhd, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Fitters Diversified within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.74 | |
β | Beta against Dow Jones | -0.21 | |
σ | Overall volatility | 0 | |
Ir | Information ratio | 0.06 |
Fitters Diversified 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 Fitters Diversified for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Fitters Diversified 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.| Fitters Diversified is way too risky over 90 days horizon | |
| Fitters Diversified has some characteristics of a very speculative penny stock | |
| Fitters Diversified appears to be risky and price may revert if volatility continues | |
| The company reported the revenue of 422.77 M. Net Loss for the year was (15.49 M) with profit before overhead, payroll, taxes, and interest of 0. |
Fitters Diversified 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 Fitters Stock often depends not only on the future outlook of the current and potential Fitters Diversified'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. Fitters Diversified's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 608 M | |
| Cash And Short Term Investments | 62.4 M |
Fitters Diversified Technical Analysis
Fitters Diversified's future price can be derived by breaking down and analyzing its technical indicators over time. Fitters Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Fitters Diversified Bhd. In general, you should focus on analyzing Fitters Stock price patterns and their correlations with different microeconomic environments and drivers.
Fitters Diversified Predictive Forecast Models
Fitters Diversified's time-series forecasting models is one of many Fitters Diversified'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 Fitters Diversified'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 Fitters Diversified Bhd
Checking the ongoing alerts about Fitters Diversified for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Fitters Diversified Bhd help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Fitters Diversified is way too risky over 90 days horizon | |
| Fitters Diversified has some characteristics of a very speculative penny stock | |
| Fitters Diversified appears to be risky and price may revert if volatility continues | |
| The company reported the revenue of 422.77 M. Net Loss for the year was (15.49 M) with profit before overhead, payroll, taxes, and interest of 0. |
Other Information on Investing in Fitters Stock
Fitters Diversified financial ratios help investors to determine whether Fitters Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Fitters with respect to the benefits of owning Fitters Diversified security.