Globe Union (Taiwan) Probability of Future Stock Price Finishing Under 13.8
| 9934 Stock | TWD 14.35 0.05 0.35% |
Globe |
Globe Union Target Price Odds to finish below 13.8
The tendency of Globe 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$ 13.80 or more in 90 days |
| 14.35 | 90 days | 13.80 | roughly 2.29 |
Based on a normal probability distribution, the odds of Globe Union to drop to NT$ 13.80 or more in 90 days from now is roughly 2.29 (This Globe Union Industrial probability density function shows the probability of Globe Stock to fall within a particular range of prices over 90 days) . Probability of Globe Union Industrial price to stay between NT$ 13.80 and its current price of NT$14.35 at the end of the 90-day period is roughly 2.78 .
Assuming the 90 days trading horizon Globe Union Industrial has a beta of -0.0186. This suggests as returns on the benchmark increase, returns on holding Globe Union are expected to decrease at a much lower rate. During a bear market, however, Globe Union Industrial is likely to outperform the market. Additionally Globe Union Industrial 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. Globe Union Price Density |
| Price |
Predictive Modules for Globe Union
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Globe Union Industrial. 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.Globe Union Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Globe Union is not an exception. The market had few large corrections towards the Globe Union'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 Globe Union Industrial, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Globe Union within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.45 | |
β | Beta against Dow Jones | -0.02 | |
σ | Overall volatility | 1.54 | |
Ir | Information ratio | -0.34 |
Globe Union 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 Globe Union for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Globe Union Industrial can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Globe Union generated a negative expected return over the last 90 days | |
| Globe Union has accumulated NT$1.71 Billion in debt which can lead to volatile earnings | |
| Globe Union Industrial has accumulated about 3.36 B in cash with (852.28 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 9.43. | |
| Roughly 52.0% of the company shares are owned by insiders or employees |
Globe Union 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 Globe Stock often depends not only on the future outlook of the current and potential Globe Union'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. Globe Union's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 356.5 M |
Globe Union Technical Analysis
Globe Union's future price can be derived by breaking down and analyzing its technical indicators over time. Globe Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Globe Union Industrial. In general, you should focus on analyzing Globe Stock price patterns and their correlations with different microeconomic environments and drivers.
Globe Union Predictive Forecast Models
Globe Union's time-series forecasting models is one of many Globe Union'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 Globe Union'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 Globe Union Industrial
Checking the ongoing alerts about Globe Union for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Globe Union Industrial help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Globe Union generated a negative expected return over the last 90 days | |
| Globe Union has accumulated NT$1.71 Billion in debt which can lead to volatile earnings | |
| Globe Union Industrial has accumulated about 3.36 B in cash with (852.28 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 9.43. | |
| Roughly 52.0% of the company shares are owned by insiders or employees |
Additional Tools for Globe Stock Analysis
When running Globe Union's price analysis, check to measure Globe Union'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 Globe Union is operating at the current time. Most of Globe Union's value examination focuses on studying past and present price action to predict the probability of Globe Union's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Globe Union's price. Additionally, you may evaluate how the addition of Globe Union to your portfolios can decrease your overall portfolio volatility.