Eureka Design (Thailand) Probability of Future Stock Price Finishing Over 0.52
| UREKA Stock | THB 0.52 0.03 6.12% |
Eureka |
Eureka Design Target Price Odds to finish over 0.52
The tendency of Eureka 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 |
| 0.52 | 90 days | 0.52 | about 37.54 |
Based on a normal probability distribution, the odds of Eureka Design to move above the current price in 90 days from now is about 37.54 (This Eureka Design Public probability density function shows the probability of Eureka Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon Eureka Design Public has a beta of -0.58. This usually implies as returns on the benchmark increase, returns on holding Eureka Design are expected to decrease at a much lower rate. During a bear market, however, Eureka Design Public is likely to outperform the market. Additionally Eureka Design Public has an alpha of 0.1852, implying that it can generate a 0.19 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Eureka Design Price Density |
| Price |
Predictive Modules for Eureka Design
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Eureka Design Public. 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.Eureka Design Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Eureka Design is not an exception. The market had few large corrections towards the Eureka Design'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 Eureka Design Public, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Eureka Design within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.19 | |
β | Beta against Dow Jones | -0.58 | |
σ | Overall volatility | 0.03 | |
Ir | Information ratio | -0.002 |
Eureka Design 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 Eureka Design for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Eureka Design Public can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Eureka Design Public has some characteristics of a very speculative penny stock | |
| Eureka Design Public has accumulated 13.23 M in total debt with debt to equity ratio (D/E) of 0.75, which is about average as compared to similar companies. Eureka Design Public has a current ratio of 0.25, 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 Eureka Design until it has trouble settling it off, either with new capital or with free cash flow. So, Eureka Design'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 Eureka Design Public sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Eureka to invest in growth at high rates of return. When we think about Eureka Design's use of debt, we should always consider it together with cash and equity. | |
| Eureka Design Public has accumulated about 572 K in cash with (27.17 M) of positive cash flow from operations. | |
| Roughly 46.0% of Eureka Design outstanding shares are owned by insiders |
Eureka Design 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 Eureka Stock often depends not only on the future outlook of the current and potential Eureka Design'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. Eureka Design's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 1.3 B | |
| Short Long Term Debt | 126.2 M |
Eureka Design Technical Analysis
Eureka Design's future price can be derived by breaking down and analyzing its technical indicators over time. Eureka Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Eureka Design Public. In general, you should focus on analyzing Eureka Stock price patterns and their correlations with different microeconomic environments and drivers.
Eureka Design Predictive Forecast Models
Eureka Design's time-series forecasting models is one of many Eureka Design'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 Eureka Design'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 Eureka Design Public
Checking the ongoing alerts about Eureka Design for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Eureka Design Public help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Eureka Design Public has some characteristics of a very speculative penny stock | |
| Eureka Design Public has accumulated 13.23 M in total debt with debt to equity ratio (D/E) of 0.75, which is about average as compared to similar companies. Eureka Design Public has a current ratio of 0.25, 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 Eureka Design until it has trouble settling it off, either with new capital or with free cash flow. So, Eureka Design'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 Eureka Design Public sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Eureka to invest in growth at high rates of return. When we think about Eureka Design's use of debt, we should always consider it together with cash and equity. | |
| Eureka Design Public has accumulated about 572 K in cash with (27.17 M) of positive cash flow from operations. | |
| Roughly 46.0% of Eureka Design outstanding shares are owned by insiders |
Other Information on Investing in Eureka Stock
Eureka Design financial ratios help investors to determine whether Eureka 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 Eureka with respect to the benefits of owning Eureka Design security.