Thai Eastern (Thailand) Probability of Future Stock Price Finishing Under 3.74
| TEGH Stock | 3.44 0.12 3.61% |
Thai |
Thai Eastern Target Price Odds to finish below 3.74
The tendency of Thai 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 under 3.74 after 90 days |
| 3.44 | 90 days | 3.74 | about 86.76 |
Based on a normal probability distribution, the odds of Thai Eastern to stay under 3.74 after 90 days from now is about 86.76 (This Thai Eastern Group probability density function shows the probability of Thai Stock to fall within a particular range of prices over 90 days) . Probability of Thai Eastern Group price to stay between its current price of 3.44 and 3.74 at the end of the 90-day period is about 40.05 .
Assuming the 90 days trading horizon Thai Eastern has a beta of 0.12. This usually implies as returns on the market go up, Thai Eastern average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Thai Eastern Group will be expected to be much smaller as well. Additionally Thai Eastern Group 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. Thai Eastern Price Density |
| Price |
Predictive Modules for Thai Eastern
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Thai Eastern Group. 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.Thai Eastern Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Thai Eastern is not an exception. The market had few large corrections towards the Thai Eastern'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 Thai Eastern Group, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Thai Eastern within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.08 | |
β | Beta against Dow Jones | 0.12 | |
σ | Overall volatility | 0.25 | |
Ir | Information ratio | -0.07 |
Thai Eastern 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 Thai Eastern for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Thai Eastern Group can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Thai Eastern Group generated a negative expected return over the last 90 days | |
| About 77.0% of the company outstanding shares are owned by corporate insiders |
Thai Eastern Technical Analysis
Thai Eastern's future price can be derived by breaking down and analyzing its technical indicators over time. Thai Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Thai Eastern Group. In general, you should focus on analyzing Thai Stock price patterns and their correlations with different microeconomic environments and drivers.
Thai Eastern Predictive Forecast Models
Thai Eastern's time-series forecasting models is one of many Thai Eastern'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 Thai Eastern'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 Thai Eastern Group
Checking the ongoing alerts about Thai Eastern for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Thai Eastern Group help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Thai Eastern Group generated a negative expected return over the last 90 days | |
| About 77.0% of the company outstanding shares are owned by corporate insiders |
Other Information on Investing in Thai Stock
Thai Eastern financial ratios help investors to determine whether Thai 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 Thai with respect to the benefits of owning Thai Eastern security.