Namwiwat Medical (Thailand) Probability of Future Stock Price Finishing Under 3.35
| NAM Stock | 4.58 0.08 1.78% |
Namwiwat |
Namwiwat Medical Target Price Odds to finish below 3.35
The tendency of Namwiwat 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 3.35 or more in 90 days |
| 4.58 | 90 days | 3.35 | near 1 |
Based on a normal probability distribution, the odds of Namwiwat Medical to drop to 3.35 or more in 90 days from now is near 1 (This Namwiwat Medical probability density function shows the probability of Namwiwat Stock to fall within a particular range of prices over 90 days) . Probability of Namwiwat Medical price to stay between 3.35 and its current price of 4.58 at the end of the 90-day period is about 20.8 .
Assuming the 90 days trading horizon Namwiwat Medical has a beta of 0.43. This indicates as returns on the market go up, Namwiwat Medical average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Namwiwat Medical will be expected to be much smaller as well. Additionally Namwiwat Medical 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. Namwiwat Medical Price Density |
| Price |
Predictive Modules for Namwiwat Medical
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Namwiwat Medical. 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.Namwiwat Medical Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Namwiwat Medical is not an exception. The market had few large corrections towards the Namwiwat Medical'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 Namwiwat Medical, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Namwiwat Medical within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.11 | |
β | Beta against Dow Jones | 0.43 | |
σ | Overall volatility | 0.16 | |
Ir | Information ratio | -0.15 |
Namwiwat Medical 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 Namwiwat Medical for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Namwiwat Medical can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Namwiwat Medical generated a negative expected return over the last 90 days |
Namwiwat Medical Technical Analysis
Namwiwat Medical's future price can be derived by breaking down and analyzing its technical indicators over time. Namwiwat Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Namwiwat Medical. In general, you should focus on analyzing Namwiwat Stock price patterns and their correlations with different microeconomic environments and drivers.
Namwiwat Medical Predictive Forecast Models
Namwiwat Medical's time-series forecasting models is one of many Namwiwat Medical'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 Namwiwat Medical'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 Namwiwat Medical
Checking the ongoing alerts about Namwiwat Medical for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Namwiwat Medical help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Namwiwat Medical generated a negative expected return over the last 90 days |