Thoresen Thai (Thailand) Probability of Future Stock Price Finishing Under 2.92
| TTA Stock | THB 5.90 0.25 4.42% |
Thoresen |
Thoresen Thai Target Price Odds to finish below 2.92
The tendency of Thoresen 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 2.92 or more in 90 days |
| 5.90 | 90 days | 2.92 | near 1 |
Based on a normal probability distribution, the odds of Thoresen Thai to drop to 2.92 or more in 90 days from now is near 1 (This Thoresen Thai Agencies probability density function shows the probability of Thoresen Stock to fall within a particular range of prices over 90 days) . Probability of Thoresen Thai Agencies price to stay between 2.92 and its current price of 5.9 at the end of the 90-day period is about 64.73 .
Assuming the 90 days trading horizon Thoresen Thai has a beta of 0.5. This usually implies as returns on the market go up, Thoresen Thai average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Thoresen Thai Agencies will be expected to be much smaller as well. Additionally Thoresen Thai Agencies 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. Thoresen Thai Price Density |
| Price |
Predictive Modules for Thoresen Thai
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Thoresen Thai Agencies. 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.Thoresen Thai Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Thoresen Thai is not an exception. The market had few large corrections towards the Thoresen Thai'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 Thoresen Thai Agencies, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Thoresen Thai within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.0094 | |
β | Beta against Dow Jones | 0.50 | |
σ | Overall volatility | 0.29 | |
Ir | Information ratio | -0.03 |
Thoresen Thai 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 Thoresen Thai for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Thoresen Thai Agencies can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| About 20.0% of the company outstanding shares are owned by corporate insiders |
Thoresen Thai 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 Thoresen Stock often depends not only on the future outlook of the current and potential Thoresen Thai'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. Thoresen Thai's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 1.8 B |
Thoresen Thai Technical Analysis
Thoresen Thai's future price can be derived by breaking down and analyzing its technical indicators over time. Thoresen Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Thoresen Thai Agencies. In general, you should focus on analyzing Thoresen Stock price patterns and their correlations with different microeconomic environments and drivers.
Thoresen Thai Predictive Forecast Models
Thoresen Thai's time-series forecasting models is one of many Thoresen Thai'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 Thoresen Thai'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 Thoresen Thai Agencies
Checking the ongoing alerts about Thoresen Thai for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Thoresen Thai Agencies help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| About 20.0% of the company outstanding shares are owned by corporate insiders |
Other Information on Investing in Thoresen Stock
Thoresen Thai financial ratios help investors to determine whether Thoresen 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 Thoresen with respect to the benefits of owning Thoresen Thai security.