Etrend Hightech (Taiwan) Probability of Future Stock Price Finishing Over 41.40
| 3567 Stock | TWD 41.40 0.20 0.48% |
Etrend |
Etrend Hightech Target Price Odds to finish over 41.40
The tendency of Etrend 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 |
| 41.40 | 90 days | 41.40 | about 69.75 |
Based on a normal probability distribution, the odds of Etrend Hightech to move above the current price in 90 days from now is about 69.75 (This Etrend Hightech probability density function shows the probability of Etrend Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon Etrend Hightech has a beta of -0.17. This suggests as returns on the benchmark increase, returns on holding Etrend Hightech are expected to decrease at a much lower rate. During a bear market, however, Etrend Hightech is likely to outperform the market. Additionally Etrend Hightech has an alpha of 0.0456, implying that it can generate a 0.0456 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Etrend Hightech Price Density |
| Price |
Predictive Modules for Etrend Hightech
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Etrend Hightech. 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 Etrend Hightech'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.
Etrend Hightech Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Etrend Hightech is not an exception. The market had few large corrections towards the Etrend Hightech'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 Etrend Hightech, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Etrend Hightech within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.05 | |
β | Beta against NYSE Composite | -0.17 | |
σ | Overall volatility | 1.16 | |
Ir | Information ratio | -0.04 |
Etrend Hightech 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 Etrend Hightech for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Etrend Hightech 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 32.0% of the company shares are owned by insiders or employees |
Etrend Hightech 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 Etrend Stock often depends not only on the future outlook of the current and potential Etrend Hightech'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. Etrend Hightech's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 34 M |
Etrend Hightech Technical Analysis
Etrend Hightech's future price can be derived by breaking down and analyzing its technical indicators over time. Etrend Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Etrend Hightech. In general, you should focus on analyzing Etrend Stock price patterns and their correlations with different microeconomic environments and drivers.
Etrend Hightech Predictive Forecast Models
Etrend Hightech's time-series forecasting models is one of many Etrend Hightech'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 Etrend Hightech'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 Etrend Hightech
Checking the ongoing alerts about Etrend Hightech for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Etrend Hightech help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| About 32.0% of the company shares are owned by insiders or employees |
Check out Etrend Hightech Backtesting, Etrend Hightech Valuation, Etrend Hightech Correlation, Etrend Hightech Hype Analysis, Etrend Hightech Volatility, Etrend Hightech History as well as Etrend Hightech Performance. You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
Complementary Tools for Etrend Stock analysis
When running Etrend Hightech's price analysis, check to measure Etrend Hightech'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 Etrend Hightech is operating at the current time. Most of Etrend Hightech's value examination focuses on studying past and present price action to predict the probability of Etrend Hightech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Etrend Hightech's price. Additionally, you may evaluate how the addition of Etrend Hightech to your portfolios can decrease your overall portfolio volatility.
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