Thai Union (Thailand) Probability of Future Stock Price Finishing Over 16.06
| TU Stock | THB 14.90 0.20 1.36% |
Thai |
Thai Union Target Price Odds to finish over 16.06
The tendency of Thai 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 16.06 or more in 90 days |
| 14.90 | 90 days | 16.06 | near 1 |
Based on a normal probability distribution, the odds of Thai Union to move over 16.06 or more in 90 days from now is near 1 (This Thai Union Group probability density function shows the probability of Thai Stock to fall within a particular range of prices over 90 days) . Probability of Thai Union Group price to stay between its current price of 14.90 and 16.06 at the end of the 90-day period is about 34.31 .
Assuming the 90 days horizon Thai Union has a beta of 0.11. This usually implies as returns on the market go up, Thai Union average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Thai Union Group will be expected to be much smaller as well. Additionally Thai Union Group has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Thai Union Price Density |
| Price |
Predictive Modules for Thai Union
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Thai Union Group. 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 Thai Union'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.
Thai Union Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Thai Union is not an exception. The market had few large corrections towards the Thai Union'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 Thai Union Group, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Thai Union within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.03 | |
β | Beta against NYSE Composite | 0.11 | |
σ | Overall volatility | 0.45 | |
Ir | Information ratio | -0.06 |
Thai Union 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 Thai Union for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Thai Union Group can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Thai Union Group generated a negative expected return over the last 90 days | |
| About 26.0% of the company outstanding shares are owned by corporate insiders |
Thai Union 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 Thai Stock often depends not only on the future outlook of the current and potential Thai Union'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. Thai Union's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 4.7 B |
Thai Union Technical Analysis
Thai Union's future price can be derived by breaking down and analyzing its technical indicators over time. Thai Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Thai Union Group. In general, you should focus on analyzing Thai Stock price patterns and their correlations with different microeconomic environments and drivers.
Thai Union Predictive Forecast Models
Thai Union's time-series forecasting models is one of many Thai Union'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 Thai Union'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 Thai Union Group
Checking the ongoing alerts about Thai Union for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Thai Union Group help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Thai Union Group generated a negative expected return over the last 90 days | |
| About 26.0% of the company outstanding shares are owned by corporate insiders |
Check out Thai Union Backtesting, Thai Union Valuation, Thai Union Correlation, Thai Union Hype Analysis, Thai Union Volatility, Thai Union History as well as Thai Union Performance. Note that the Thai Union Group information on this page should be used as a complementary analysis to other Thai Union's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Complementary Tools for Thai Stock analysis
When running Thai Union's price analysis, check to measure Thai Union'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 Thai Union is operating at the current time. Most of Thai Union's value examination focuses on studying past and present price action to predict the probability of Thai Union's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Thai Union's price. Additionally, you may evaluate how the addition of Thai Union to your portfolios can decrease your overall portfolio volatility.
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