Tungray Technologies Class Stock Probability of Future Stock Price Finishing Over 2.61
| TRSG Stock | 2.77 0.03 1.07% |
Tungray |
Tungray Technologies Target Price Odds to finish over 2.61
The tendency of Tungray 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 above 2.61 in 90 days |
| 2.77 | 90 days | 2.61 | about 40.59 |
Based on a normal probability distribution, the odds of Tungray Technologies to stay above 2.61 in 90 days from now is about 40.59 (This Tungray Technologies Class probability density function shows the probability of Tungray Stock to fall within a particular range of prices over 90 days) . Probability of Tungray Technologies price to stay between 2.61 and its current price of 2.77 at the end of the 90-day period is about 24.72 .
Given the investment horizon of 90 days Tungray Technologies Class has a beta of -0.41. This usually implies as returns on the benchmark increase, returns on holding Tungray Technologies are expected to decrease at a much lower rate. During a bear market, however, Tungray Technologies Class is likely to outperform the market. Additionally Tungray Technologies Class has an alpha of 0.152, implying that it can generate a 0.15 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Tungray Technologies Price Density |
| Price |
Predictive Modules for Tungray Technologies
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Tungray Technologies. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Tungray Technologies' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Tungray Technologies Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Tungray Technologies is not an exception. The market had few large corrections towards the Tungray Technologies' 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 Tungray Technologies Class, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Tungray Technologies within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.15 | |
β | Beta against Dow Jones | -0.41 | |
σ | Overall volatility | 0.21 | |
Ir | Information ratio | -0.0048 |
Tungray Technologies 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 Tungray Technologies for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Tungray Technologies can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Tungray Technologies had very high historical volatility over the last 90 days | |
| Tungray Technologies has a frail financial position based on the latest SEC disclosures | |
| About 79.0% of the company outstanding shares are owned by corporate insiders |
Tungray Technologies 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 Tungray Stock often depends not only on the future outlook of the current and potential Tungray Technologies' 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. Tungray Technologies' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 15 M | |
| Cash And Short Term Investments | 10.8 M |
Tungray Technologies Technical Analysis
Tungray Technologies' future price can be derived by breaking down and analyzing its technical indicators over time. Tungray Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Tungray Technologies Class. In general, you should focus on analyzing Tungray Stock price patterns and their correlations with different microeconomic environments and drivers.
Tungray Technologies Predictive Forecast Models
Tungray Technologies' time-series forecasting models is one of many Tungray Technologies' 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 Tungray Technologies' 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 Tungray Technologies
Checking the ongoing alerts about Tungray Technologies for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Tungray Technologies help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Tungray Technologies had very high historical volatility over the last 90 days | |
| Tungray Technologies has a frail financial position based on the latest SEC disclosures | |
| About 79.0% of the company outstanding shares are owned by corporate insiders |
Check out Tungray Technologies Backtesting, Tungray Technologies Valuation, Tungray Technologies Correlation, Tungray Technologies Hype Analysis, Tungray Technologies Volatility, Tungray Technologies History as well as Tungray Technologies Performance. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Is Electronic Equipment, Instruments & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Tungray Technologies. If investors know Tungray will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Tungray Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.48) | Earnings Share 0.07 | Revenue Per Share 0.958 | Quarterly Revenue Growth 0.147 | Return On Assets 0.0267 |
The market value of Tungray Technologies is measured differently than its book value, which is the value of Tungray that is recorded on the company's balance sheet. Investors also form their own opinion of Tungray Technologies' value that differs from its market value or its book value, called intrinsic value, which is Tungray Technologies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Tungray Technologies' market value can be influenced by many factors that don't directly affect Tungray Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Tungray Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Tungray Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tungray Technologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.