Graphjet Technology Stock Probability of Future Stock Price Finishing Over 2.62
| GTI Stock | 2.69 0.01 0.37% |
Graphjet |
Graphjet Technology Target Price Odds to finish over 2.62
The tendency of Graphjet 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 stay above 2.62 in 90 days |
| 2.69 | 90 days | 2.62 | about 48.89 |
Based on a normal probability distribution, the odds of Graphjet Technology to stay above 2.62 in 90 days from now is about 48.89 (This Graphjet Technology probability density function shows the probability of Graphjet Stock to fall within a particular range of prices over 90 days) . Probability of Graphjet Technology price to stay between 2.62 and its current price of 2.69 at the end of the 90-day period is about 7.68 .
Considering the 90-day investment horizon the stock has the beta coefficient of 2.23 . This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Graphjet Technology will likely underperform. Additionally Graphjet Technology 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. Graphjet Technology Price Density |
| Price |
Predictive Modules for Graphjet Technology
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Graphjet Technology. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Graphjet Technology's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Graphjet Technology Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Graphjet Technology is not an exception. The market had few large corrections towards the Graphjet Technology'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 Graphjet Technology, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Graphjet Technology within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.03 | |
β | Beta against Dow Jones | 2.23 | |
σ | Overall volatility | 0.36 | |
Ir | Information ratio | 0.02 |
Graphjet Technology 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 Graphjet Technology for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Graphjet Technology can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Graphjet Technology is way too risky over 90 days horizon | |
| Graphjet Technology appears to be risky and price may revert if volatility continues | |
| Graphjet Technology was previously known as Energem Corp and was traded on NASDAQ Exchange under the symbol ENCP. | |
| Reported Net Loss for the year was (46.37 K) with profit before taxes, overhead, and interest of 0. | |
| Graphjet Technology has about 17.55 M in cash with (396.84 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.08. | |
| Graphjet Technology has a frail financial position based on the latest SEC disclosures | |
| Roughly 72.0% of the company shares are held by company insiders | |
| Latest headline from gurufocus.com: Insider Sell Doris Wong Sing Ee Sells 30,000 Shares of Graphjet Technology |
Graphjet Technology 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 Graphjet Stock often depends not only on the future outlook of the current and potential Graphjet Technology'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. Graphjet Technology's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 4.8 M | |
| Cash And Short Term Investments | 5503.00 | |
| Shares Float | 41.5 M |
Graphjet Technology Technical Analysis
Graphjet Technology's future price can be derived by breaking down and analyzing its technical indicators over time. Graphjet Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Graphjet Technology. In general, you should focus on analyzing Graphjet Stock price patterns and their correlations with different microeconomic environments and drivers.
Graphjet Technology Predictive Forecast Models
Graphjet Technology's time-series forecasting models is one of many Graphjet Technology'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 Graphjet Technology'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 Graphjet Technology
Checking the ongoing alerts about Graphjet Technology for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Graphjet Technology help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Graphjet Technology is way too risky over 90 days horizon | |
| Graphjet Technology appears to be risky and price may revert if volatility continues | |
| Graphjet Technology was previously known as Energem Corp and was traded on NASDAQ Exchange under the symbol ENCP. | |
| Reported Net Loss for the year was (46.37 K) with profit before taxes, overhead, and interest of 0. | |
| Graphjet Technology has about 17.55 M in cash with (396.84 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.08. | |
| Graphjet Technology has a frail financial position based on the latest SEC disclosures | |
| Roughly 72.0% of the company shares are held by company insiders | |
| Latest headline from gurufocus.com: Insider Sell Doris Wong Sing Ee Sells 30,000 Shares of Graphjet Technology |
Check out Graphjet Technology Backtesting, Graphjet Technology Valuation, Graphjet Technology Correlation, Graphjet Technology Hype Analysis, Graphjet Technology Volatility, Graphjet Technology History as well as Graphjet Technology Performance. For more detail on how to invest in Graphjet Stock please use our How to Invest in Graphjet Technology guide.You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Is Electrical Components & Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Graphjet Technology. If investors know Graphjet will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Graphjet Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.01) | Return On Assets (1.38) |
The market value of Graphjet Technology is measured differently than its book value, which is the value of Graphjet that is recorded on the company's balance sheet. Investors also form their own opinion of Graphjet Technology's value that differs from its market value or its book value, called intrinsic value, which is Graphjet Technology's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Graphjet Technology's market value can be influenced by many factors that don't directly affect Graphjet Technology's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Graphjet Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Graphjet Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Graphjet Technology's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.