Ramkhamhaeng Hospital (Thailand) Probability of Future Stock Price Finishing Under 20.42
| RAM Stock | THB 23.20 0.30 1.31% |
Ramkhamhaeng |
Ramkhamhaeng Hospital Target Price Odds to finish below 20.42
The tendency of Ramkhamhaeng 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 20.42 or more in 90 days |
| 23.20 | 90 days | 20.42 | about 1.48 |
Based on a normal probability distribution, the odds of Ramkhamhaeng Hospital to drop to 20.42 or more in 90 days from now is about 1.48 (This Ramkhamhaeng Hospital Public probability density function shows the probability of Ramkhamhaeng Stock to fall within a particular range of prices over 90 days) . Probability of Ramkhamhaeng Hospital price to stay between 20.42 and its current price of 23.2 at the end of the 90-day period is about 19.43 .
Assuming the 90 days trading horizon Ramkhamhaeng Hospital Public has a beta of -0.0439 indicating as returns on the benchmark increase, returns on holding Ramkhamhaeng Hospital are expected to decrease at a much lower rate. During a bear market, however, Ramkhamhaeng Hospital Public is likely to outperform the market. Additionally Ramkhamhaeng Hospital Public 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. Ramkhamhaeng Hospital Price Density |
| Price |
Predictive Modules for Ramkhamhaeng Hospital
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Ramkhamhaeng Hospital. 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.Ramkhamhaeng Hospital Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Ramkhamhaeng Hospital is not an exception. The market had few large corrections towards the Ramkhamhaeng Hospital'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 Ramkhamhaeng Hospital Public, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Ramkhamhaeng Hospital within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.28 | |
β | Beta against Dow Jones | -0.04 | |
σ | Overall volatility | 2.04 | |
Ir | Information ratio | -0.24 |
Ramkhamhaeng Hospital 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 Ramkhamhaeng Hospital for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Ramkhamhaeng Hospital can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Ramkhamhaeng Hospital generated a negative expected return over the last 90 days | |
| Ramkhamhaeng Hospital Public has accumulated 1.97 B in total debt with debt to equity ratio (D/E) of 12.7, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Ramkhamhaeng Hospital has a current ratio of 0.73, 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 Ramkhamhaeng Hospital until it has trouble settling it off, either with new capital or with free cash flow. So, Ramkhamhaeng Hospital'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 Ramkhamhaeng Hospital sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Ramkhamhaeng to invest in growth at high rates of return. When we think about Ramkhamhaeng Hospital's use of debt, we should always consider it together with cash and equity. | |
| About 69.0% of Ramkhamhaeng Hospital outstanding shares are owned by corporate insiders |
Ramkhamhaeng Hospital 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 Ramkhamhaeng Stock often depends not only on the future outlook of the current and potential Ramkhamhaeng Hospital'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. Ramkhamhaeng Hospital's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 1.2 B |
Ramkhamhaeng Hospital Technical Analysis
Ramkhamhaeng Hospital's future price can be derived by breaking down and analyzing its technical indicators over time. Ramkhamhaeng Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Ramkhamhaeng Hospital Public. In general, you should focus on analyzing Ramkhamhaeng Stock price patterns and their correlations with different microeconomic environments and drivers.
Ramkhamhaeng Hospital Predictive Forecast Models
Ramkhamhaeng Hospital's time-series forecasting models is one of many Ramkhamhaeng Hospital'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 Ramkhamhaeng Hospital'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 Ramkhamhaeng Hospital
Checking the ongoing alerts about Ramkhamhaeng Hospital for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Ramkhamhaeng Hospital help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Ramkhamhaeng Hospital generated a negative expected return over the last 90 days | |
| Ramkhamhaeng Hospital Public has accumulated 1.97 B in total debt with debt to equity ratio (D/E) of 12.7, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Ramkhamhaeng Hospital has a current ratio of 0.73, 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 Ramkhamhaeng Hospital until it has trouble settling it off, either with new capital or with free cash flow. So, Ramkhamhaeng Hospital'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 Ramkhamhaeng Hospital sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Ramkhamhaeng to invest in growth at high rates of return. When we think about Ramkhamhaeng Hospital's use of debt, we should always consider it together with cash and equity. | |
| About 69.0% of Ramkhamhaeng Hospital outstanding shares are owned by corporate insiders |
Other Information on Investing in Ramkhamhaeng Stock
Ramkhamhaeng Hospital financial ratios help investors to determine whether Ramkhamhaeng 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 Ramkhamhaeng with respect to the benefits of owning Ramkhamhaeng Hospital security.