Krungthai Car (Thailand) Probability of Future Stock Price Finishing Over 7.58
| KCAR Stock | THB 4.72 0.02 0.42% |
Krungthai |
Krungthai Car Target Price Odds to finish over 7.58
The tendency of Krungthai 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 7.58 or more in 90 days |
| 4.72 | 90 days | 7.58 | close to zero percent |
Based on a normal probability distribution, the odds of Krungthai Car to move over 7.58 or more in 90 days from now is close to zero percent (This Krungthai Car Rent probability density function shows the probability of Krungthai Stock to fall within a particular range of prices over 90 days) . Probability of Krungthai Car Rent price to stay between its current price of 4.72 and 7.58 at the end of the 90-day period is about 82.47 .
Assuming the 90 days trading horizon Krungthai Car Rent has a beta of -0.25. This indicates as returns on the benchmark increase, returns on holding Krungthai Car are expected to decrease at a much lower rate. During a bear market, however, Krungthai Car Rent is likely to outperform the market. Additionally Krungthai Car Rent has an alpha of 0.096, implying that it can generate a 0.096 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Krungthai Car Price Density |
| Price |
Predictive Modules for Krungthai Car
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Krungthai Car Rent. 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.Krungthai Car Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Krungthai Car is not an exception. The market had few large corrections towards the Krungthai Car'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 Krungthai Car Rent, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Krungthai Car within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.1 | |
β | Beta against Dow Jones | -0.25 | |
σ | Overall volatility | 0.15 | |
Ir | Information ratio | -0.04 |
Krungthai Car 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 Krungthai Car for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Krungthai Car Rent can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Krungthai Car Rent generated a negative expected return over the last 90 days | |
| Krungthai Car Rent has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Krungthai Car Rent has accumulated 1.32 B in total debt with debt to equity ratio (D/E) of 117.7, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Krungthai Car Rent has a current ratio of 0.52, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Krungthai Car until it has trouble settling it off, either with new capital or with free cash flow. So, Krungthai Car's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Krungthai Car Rent sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Krungthai to invest in growth at high rates of return. When we think about Krungthai Car's use of debt, we should always consider it together with cash and equity. | |
| About 82.0% of Krungthai Car outstanding shares are owned by corporate insiders |
Krungthai Car 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 Krungthai Stock often depends not only on the future outlook of the current and potential Krungthai Car'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. Krungthai Car's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 250 M |
Krungthai Car Technical Analysis
Krungthai Car's future price can be derived by breaking down and analyzing its technical indicators over time. Krungthai Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Krungthai Car Rent. In general, you should focus on analyzing Krungthai Stock price patterns and their correlations with different microeconomic environments and drivers.
Krungthai Car Predictive Forecast Models
Krungthai Car's time-series forecasting models is one of many Krungthai Car'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 Krungthai Car'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 Krungthai Car Rent
Checking the ongoing alerts about Krungthai Car for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Krungthai Car Rent help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Krungthai Car Rent generated a negative expected return over the last 90 days | |
| Krungthai Car Rent has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Krungthai Car Rent has accumulated 1.32 B in total debt with debt to equity ratio (D/E) of 117.7, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Krungthai Car Rent has a current ratio of 0.52, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Krungthai Car until it has trouble settling it off, either with new capital or with free cash flow. So, Krungthai Car's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Krungthai Car Rent sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Krungthai to invest in growth at high rates of return. When we think about Krungthai Car's use of debt, we should always consider it together with cash and equity. | |
| About 82.0% of Krungthai Car outstanding shares are owned by corporate insiders |
Other Information on Investing in Krungthai Stock
Krungthai Car financial ratios help investors to determine whether Krungthai 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 Krungthai with respect to the benefits of owning Krungthai Car security.