Eastern Commercial (Thailand) Probability of Future Stock Price Finishing Under 0.94
| ECL Stock | THB 1.16 0.10 9.43% |
Eastern |
Eastern Commercial Target Price Odds to finish below 0.94
The tendency of Eastern 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 0.94 or more in 90 days |
| 1.16 | 90 days | 0.94 | about 37.8 |
Based on a normal probability distribution, the odds of Eastern Commercial to drop to 0.94 or more in 90 days from now is about 37.8 (This Eastern Commercial Leasing probability density function shows the probability of Eastern Stock to fall within a particular range of prices over 90 days) . Probability of Eastern Commercial price to stay between 0.94 and its current price of 1.16 at the end of the 90-day period is about 53.77 .
Assuming the 90 days trading horizon Eastern Commercial Leasing has a beta of -0.0684 suggesting as returns on the benchmark increase, returns on holding Eastern Commercial are expected to decrease at a much lower rate. During a bear market, however, Eastern Commercial Leasing is likely to outperform the market. Additionally Eastern Commercial Leasing has an alpha of 0.3346, implying that it can generate a 0.33 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Eastern Commercial Price Density |
| Price |
Predictive Modules for Eastern Commercial
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Eastern Commercial. 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.Eastern Commercial Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Eastern Commercial is not an exception. The market had few large corrections towards the Eastern Commercial'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 Eastern Commercial Leasing, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Eastern Commercial within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.33 | |
β | Beta against Dow Jones | -0.07 | |
σ | Overall volatility | 0.13 | |
Ir | Information ratio | 0.08 |
Eastern Commercial 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 Eastern Commercial for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Eastern Commercial can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Eastern Commercial is way too risky over 90 days horizon | |
| Eastern Commercial may become a speculative penny stock | |
| Eastern Commercial appears to be risky and price may revert if volatility continues | |
| About 57.0% of the company shares are held by company insiders |
Eastern Commercial 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 Eastern Stock often depends not only on the future outlook of the current and potential Eastern Commercial'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. Eastern Commercial's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 1.1 B |
Eastern Commercial Technical Analysis
Eastern Commercial's future price can be derived by breaking down and analyzing its technical indicators over time. Eastern Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Eastern Commercial Leasing. In general, you should focus on analyzing Eastern Stock price patterns and their correlations with different microeconomic environments and drivers.
Eastern Commercial Predictive Forecast Models
Eastern Commercial's time-series forecasting models is one of many Eastern Commercial'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 Eastern Commercial'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 Eastern Commercial
Checking the ongoing alerts about Eastern Commercial for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Eastern Commercial help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Eastern Commercial is way too risky over 90 days horizon | |
| Eastern Commercial may become a speculative penny stock | |
| Eastern Commercial appears to be risky and price may revert if volatility continues | |
| About 57.0% of the company shares are held by company insiders |
Other Information on Investing in Eastern Stock
Eastern Commercial financial ratios help investors to determine whether Eastern 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 Eastern with respect to the benefits of owning Eastern Commercial security.