Chia Yi (Taiwan) Odds of Future Stock Price Finishing Under 12.4
| 2067 Stock | TWD 12.60 0.30 2.44% |
Chia |
Chia Yi Target Price Odds to finish below 12.4
The tendency of Chia 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 NT$ 12.40 or more in 90 days |
| 12.60 | 90 days | 12.40 | about 11.82 |
Based on a normal probability distribution, the odds of Chia Yi to drop to NT$ 12.40 or more in 90 days from now is about 11.82 (This Chia Yi Steel probability density function shows the probability of Chia Stock to fall within a particular range of prices over 90 days) . Probability of Chia Yi Steel price to stay between NT$ 12.40 and its current price of NT$12.6 at the end of the 90-day period is about 19.41 .
Assuming the 90 days trading horizon Chia Yi Steel has a beta of -0.14. This suggests as returns on the benchmark increase, returns on holding Chia Yi are expected to decrease at a much lower rate. During a bear market, however, Chia Yi Steel is likely to outperform the market. Additionally Chia Yi Steel has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Chia Yi Price Density |
| Price |
Predictive Modules for Chia Yi
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Chia Yi Steel. 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 Chia Yi's 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.
Chia Yi Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Chia Yi is not an exception. The market had few large corrections towards the Chia Yi'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 Chia Yi Steel, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Chia Yi within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.11 | |
β | Beta against NYSE Composite | -0.14 | |
σ | Overall volatility | 0.29 | |
Ir | Information ratio | -0.14 |
Chia Yi 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 Chia Yi for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Chia Yi Steel can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Chia Yi Steel generated a negative expected return over the last 90 days | |
| Chia Yi Steel has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 985.47 M. Net Loss for the year was (10.85 M) with profit before overhead, payroll, taxes, and interest of 158.57 M. | |
| About 48.0% of the company shares are owned by insiders or employees |
Chia Yi 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 Chia Stock often depends not only on the future outlook of the current and potential Chia Yi'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. Chia Yi's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 45.1 M |
Chia Yi Technical Analysis
Chia Yi's future price can be derived by breaking down and analyzing its technical indicators over time. Chia Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Chia Yi Steel. In general, you should focus on analyzing Chia Stock price patterns and their correlations with different microeconomic environments and drivers.
Chia Yi Predictive Forecast Models
Chia Yi's time-series forecasting models is one of many Chia Yi'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 Chia Yi'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 Chia Yi Steel
Checking the ongoing alerts about Chia Yi for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Chia Yi Steel help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Chia Yi Steel generated a negative expected return over the last 90 days | |
| Chia Yi Steel has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 985.47 M. Net Loss for the year was (10.85 M) with profit before overhead, payroll, taxes, and interest of 158.57 M. | |
| About 48.0% of the company shares are owned by insiders or employees |
Check out Chia Yi Backtesting, Chia Yi Valuation, Chia Yi Correlation, Chia Yi Hype Analysis, Chia Yi Volatility, Chia Yi History as well as Chia Yi Performance. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Complementary Tools for Chia Stock analysis
When running Chia Yi's price analysis, check to measure Chia Yi's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Chia Yi is operating at the current time. Most of Chia Yi's value examination focuses on studying past and present price action to predict the probability of Chia Yi's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chia Yi's price. Additionally, you may evaluate how the addition of Chia Yi to your portfolios can decrease your overall portfolio volatility.
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