Leatec Fine (Taiwan) Probability of Future Stock Price Finishing Over 25.40
| 6127 Stock | TWD 25.40 0.10 0.40% |
Leatec |
Leatec Fine Target Price Odds to finish over 25.40
The tendency of Leatec 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 |
| 25.40 | 90 days | 25.40 | more than 93.0 |
Based on a normal probability distribution, the odds of Leatec Fine to move above the current price in 90 days from now is more than 93.0 (This Leatec Fine Ceramics probability density function shows the probability of Leatec Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon the stock has the beta coefficient of 1.06 . This suggests Leatec Fine Ceramics market returns are correlated to returns on the market. As the market goes up or down, Leatec Fine is expected to follow. Additionally Leatec Fine Ceramics has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Leatec Fine Price Density |
| Price |
Predictive Modules for Leatec Fine
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Leatec Fine Ceramics. 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 Leatec Fine'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.
Leatec Fine Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Leatec Fine is not an exception. The market had few large corrections towards the Leatec Fine'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 Leatec Fine Ceramics, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Leatec Fine within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.17 | |
β | Beta against NYSE Composite | 1.06 | |
σ | Overall volatility | 1.37 | |
Ir | Information ratio | -0.07 |
Leatec Fine 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 Leatec Fine for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Leatec Fine Ceramics can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Leatec Fine Ceramics generated a negative expected return over the last 90 days | |
| Leatec Fine Ceramics has high likelihood to experience some financial distress in the next 2 years | |
| Leatec Fine Ceramics has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| The company has accumulated 807.22 M in total debt with debt to equity ratio (D/E) of 84.2, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Leatec Fine Ceramics has a current ratio of 0.97, 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 Leatec Fine until it has trouble settling it off, either with new capital or with free cash flow. So, Leatec Fine'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 Leatec Fine Ceramics sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Leatec to invest in growth at high rates of return. When we think about Leatec Fine's use of debt, we should always consider it together with cash and equity. | |
| About 22.0% of Leatec Fine shares are owned by insiders or employees |
Leatec Fine 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 Leatec Stock often depends not only on the future outlook of the current and potential Leatec Fine'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. Leatec Fine's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 108.1 M | |
| Short Long Term Debt | 376.1 M |
Leatec Fine Technical Analysis
Leatec Fine's future price can be derived by breaking down and analyzing its technical indicators over time. Leatec Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Leatec Fine Ceramics. In general, you should focus on analyzing Leatec Stock price patterns and their correlations with different microeconomic environments and drivers.
Leatec Fine Predictive Forecast Models
Leatec Fine's time-series forecasting models is one of many Leatec Fine'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 Leatec Fine'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 Leatec Fine Ceramics
Checking the ongoing alerts about Leatec Fine for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Leatec Fine Ceramics help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Leatec Fine Ceramics generated a negative expected return over the last 90 days | |
| Leatec Fine Ceramics has high likelihood to experience some financial distress in the next 2 years | |
| Leatec Fine Ceramics has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| The company has accumulated 807.22 M in total debt with debt to equity ratio (D/E) of 84.2, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Leatec Fine Ceramics has a current ratio of 0.97, 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 Leatec Fine until it has trouble settling it off, either with new capital or with free cash flow. So, Leatec Fine'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 Leatec Fine Ceramics sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Leatec to invest in growth at high rates of return. When we think about Leatec Fine's use of debt, we should always consider it together with cash and equity. | |
| About 22.0% of Leatec Fine shares are owned by insiders or employees |
Check out Leatec Fine Backtesting, Leatec Fine Valuation, Leatec Fine Correlation, Leatec Fine Hype Analysis, Leatec Fine Volatility, Leatec Fine History as well as Leatec Fine Performance. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
Complementary Tools for Leatec Stock analysis
When running Leatec Fine's price analysis, check to measure Leatec Fine'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 Leatec Fine is operating at the current time. Most of Leatec Fine's value examination focuses on studying past and present price action to predict the probability of Leatec Fine's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Leatec Fine's price. Additionally, you may evaluate how the addition of Leatec Fine to your portfolios can decrease your overall portfolio volatility.
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