New Plus (Thailand) Odds of Future Stock Price Finishing Over 12.00
| NPK Stock | THB 12.00 0.40 3.23% |
New |
New Plus Target Price Odds to finish over 12.00
The tendency of New 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 above the current price in 90 days |
| 12.00 | 90 days | 12.00 | more than 93.0 |
Based on a normal probability distribution, the odds of New Plus to move above the current price in 90 days from now is more than 93.0 (This New Plus Knitting probability density function shows the probability of New Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon New Plus Knitting has a beta of -0.34. This indicates as returns on the benchmark increase, returns on holding New Plus are expected to decrease at a much lower rate. During a bear market, however, New Plus Knitting is likely to outperform the market. Additionally New Plus Knitting 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. New Plus Price Density |
| Price |
Predictive Modules for New Plus
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as New Plus Knitting. 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.New Plus Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. New Plus is not an exception. The market had few large corrections towards the New Plus' 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 New Plus Knitting, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of New Plus within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.04 | |
β | Beta against Dow Jones | -0.34 | |
σ | Overall volatility | 0.62 | |
Ir | Information ratio | -0.06 |
New Plus 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 New Plus for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for New Plus Knitting can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| New Plus Knitting generated a negative expected return over the last 90 days | |
| New Plus Knitting has high historical volatility and very poor performance | |
| The company reported the revenue of 148.78 M. Net Loss for the year was (19.31 M) with profit before overhead, payroll, taxes, and interest of 2.11 M. | |
| New Plus Knitting has accumulated about 38.46 M in cash with (622.78 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.85. | |
| Roughly 79.0% of the company outstanding shares are owned by corporate insiders |
New Plus 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 New Stock often depends not only on the future outlook of the current and potential New Plus' 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. New Plus' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 10 M |
New Plus Technical Analysis
New Plus' future price can be derived by breaking down and analyzing its technical indicators over time. New Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of New Plus Knitting. In general, you should focus on analyzing New Stock price patterns and their correlations with different microeconomic environments and drivers.
New Plus Predictive Forecast Models
New Plus' time-series forecasting models is one of many New Plus' 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 New Plus' 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 New Plus Knitting
Checking the ongoing alerts about New Plus for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for New Plus Knitting help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| New Plus Knitting generated a negative expected return over the last 90 days | |
| New Plus Knitting has high historical volatility and very poor performance | |
| The company reported the revenue of 148.78 M. Net Loss for the year was (19.31 M) with profit before overhead, payroll, taxes, and interest of 2.11 M. | |
| New Plus Knitting has accumulated about 38.46 M in cash with (622.78 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.85. | |
| Roughly 79.0% of the company outstanding shares are owned by corporate insiders |
Other Information on Investing in New Stock
New Plus financial ratios help investors to determine whether New 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 New with respect to the benefits of owning New Plus security.