Century Iron (Taiwan) Probability of Future Stock Price Finishing Under 167.87
| 9958 Stock | TWD 179.50 3.00 1.64% |
Century |
Century Iron Target Price Odds to finish below 167.87
The tendency of Century 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$ 167.87 or more in 90 days |
| 179.50 | 90 days | 167.87 | near 1 |
Based on a normal probability distribution, the odds of Century Iron to drop to NT$ 167.87 or more in 90 days from now is near 1 (This Century Iron And probability density function shows the probability of Century Stock to fall within a particular range of prices over 90 days) . Probability of Century Iron And price to stay between NT$ 167.87 and its current price of NT$179.5 at the end of the 90-day period is roughly 3.0 .
Assuming the 90 days trading horizon Century Iron has a beta of 0.66. This suggests as returns on the market go up, Century Iron average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Century Iron And will be expected to be much smaller as well. Additionally Century Iron And 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. Century Iron Price Density |
| Price |
Predictive Modules for Century Iron
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Century Iron And. 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.Century Iron Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Century Iron is not an exception. The market had few large corrections towards the Century Iron'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 Century Iron And, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Century Iron within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.26 | |
β | Beta against Dow Jones | 0.66 | |
σ | Overall volatility | 19.34 | |
Ir | Information ratio | -0.09 |
Century Iron 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 Century Iron for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Century Iron And can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Century Iron And generated a negative expected return over the last 90 days | |
| Century Iron And has high historical volatility and very poor performance | |
| Century Iron And has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Century Iron And has accumulated about 2.74 B in cash with (756.89 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 13.16. | |
| Roughly 34.0% of the company shares are owned by insiders or employees |
Century Iron 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 Century Stock often depends not only on the future outlook of the current and potential Century Iron'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. Century Iron's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 231.3 M |
Century Iron Technical Analysis
Century Iron's future price can be derived by breaking down and analyzing its technical indicators over time. Century Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Century Iron And. In general, you should focus on analyzing Century Stock price patterns and their correlations with different microeconomic environments and drivers.
Century Iron Predictive Forecast Models
Century Iron's time-series forecasting models is one of many Century Iron'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 Century Iron'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 Century Iron And
Checking the ongoing alerts about Century Iron for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Century Iron And help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Century Iron And generated a negative expected return over the last 90 days | |
| Century Iron And has high historical volatility and very poor performance | |
| Century Iron And has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Century Iron And has accumulated about 2.74 B in cash with (756.89 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 13.16. | |
| Roughly 34.0% of the company shares are owned by insiders or employees |
Additional Tools for Century Stock Analysis
When running Century Iron's price analysis, check to measure Century Iron'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 Century Iron is operating at the current time. Most of Century Iron's value examination focuses on studying past and present price action to predict the probability of Century Iron's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Century Iron's price. Additionally, you may evaluate how the addition of Century Iron to your portfolios can decrease your overall portfolio volatility.