104 (Taiwan) Chance of Future Stock Price Finishing Over 230.0
| 3130 Stock | TWD 227.50 0.50 0.22% |
104 |
104 Target Price Odds to finish over 230.0
The tendency of 104 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 over NT$ 230.00 or more in 90 days |
| 227.50 | 90 days | 230.00 | about 15.16 |
Based on a normal probability distribution, the odds of 104 to move over NT$ 230.00 or more in 90 days from now is about 15.16 (This 104 Corporation probability density function shows the probability of 104 Stock to fall within a particular range of prices over 90 days) . Probability of 104 Corporation price to stay between its current price of NT$ 227.50 and NT$ 230.00 at the end of the 90-day period is about 14.42 .
Assuming the 90 days trading horizon 104 Corporation has a beta of -0.13. This suggests as returns on the benchmark increase, returns on holding 104 are expected to decrease at a much lower rate. During a bear market, however, 104 Corporation is likely to outperform the market. Additionally 104 Corporation has an alpha of 0.0901, implying that it can generate a 0.0901 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). 104 Price Density |
| Price |
Predictive Modules for 104
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as 104 Corporation. 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 104'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.
104 Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. 104 is not an exception. The market had few large corrections towards the 104'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 104 Corporation, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of 104 within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.09 | |
β | Beta against NYSE Composite | -0.13 | |
σ | Overall volatility | 5.07 | |
Ir | Information ratio | 0.0005 |
104 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 104 for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for 104 Corporation 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 63.0% of the company shares are owned by insiders or employees |
104 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 104 Stock often depends not only on the future outlook of the current and potential 104'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. 104's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 33.2 M |
104 Technical Analysis
104's future price can be derived by breaking down and analyzing its technical indicators over time. 104 Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of 104 Corporation. In general, you should focus on analyzing 104 Stock price patterns and their correlations with different microeconomic environments and drivers.
104 Predictive Forecast Models
104's time-series forecasting models is one of many 104'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 104'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 104 Corporation
Checking the ongoing alerts about 104 for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for 104 Corporation help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| About 63.0% of the company shares are owned by insiders or employees |
Check out 104 Backtesting, 104 Valuation, 104 Correlation, 104 Hype Analysis, 104 Volatility, 104 History as well as 104 Performance. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Complementary Tools for 104 Stock analysis
When running 104's price analysis, check to measure 104'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 104 is operating at the current time. Most of 104's value examination focuses on studying past and present price action to predict the probability of 104's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 104's price. Additionally, you may evaluate how the addition of 104 to your portfolios can decrease your overall portfolio volatility.
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
| Transaction History View history of all your transactions and understand their impact on performance | |
| CEOs Directory Screen CEOs from public companies around the world | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments |