Wave Electronics (Korea) Probability of Future Stock Price Finishing Under 4,786
| 095270 Stock | KRW 3,990 40.00 1.01% |
Wave |
Wave Electronics Target Price Odds to finish below 4,786
The tendency of Wave 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 below current price in 90 days |
| 3,990 | 90 days | 3,990 | about 10.19 |
Based on a normal probability distribution, the odds of Wave Electronics to move below current price in 90 days from now is about 10.19 (This Wave Electronics Co probability density function shows the probability of Wave Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon Wave Electronics Co has a beta of -0.47. This suggests as returns on the benchmark increase, returns on holding Wave Electronics are expected to decrease at a much lower rate. During a bear market, however, Wave Electronics Co is likely to outperform the market. Additionally Wave Electronics Co has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Wave Electronics Price Density |
| Price |
Predictive Modules for Wave Electronics
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Wave Electronics. 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.Wave Electronics Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Wave Electronics is not an exception. The market had few large corrections towards the Wave Electronics' 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 Wave Electronics Co, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Wave Electronics within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.37 | |
β | Beta against Dow Jones | -0.47 | |
σ | Overall volatility | 405.50 | |
Ir | Information ratio | -0.2 |
Wave Electronics 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 Wave Electronics for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Wave Electronics can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Wave Electronics generated a negative expected return over the last 90 days | |
| Wave Electronics Co has accumulated 465.35 M in total debt with debt to equity ratio (D/E) of 3.65, implying the company greatly relies on financing operations through barrowing. Wave Electronics has a current ratio of 0.75, 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 Wave Electronics until it has trouble settling it off, either with new capital or with free cash flow. So, Wave Electronics' 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 Wave Electronics sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Wave to invest in growth at high rates of return. When we think about Wave Electronics' use of debt, we should always consider it together with cash and equity. | |
| Wave Electronics Co has accumulated about 51.85 B in cash with (15.52 B) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 817.91. | |
| Roughly 20.0% of Wave Electronics shares are owned by insiders or employees |
Wave Electronics 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 Wave Stock often depends not only on the future outlook of the current and potential Wave Electronics' 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. Wave Electronics' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 14.8 M | |
| Cash And Short Term Investments | 52.5 B |
Wave Electronics Technical Analysis
Wave Electronics' future price can be derived by breaking down and analyzing its technical indicators over time. Wave Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Wave Electronics Co. In general, you should focus on analyzing Wave Stock price patterns and their correlations with different microeconomic environments and drivers.
Wave Electronics Predictive Forecast Models
Wave Electronics' time-series forecasting models is one of many Wave Electronics' 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 Wave Electronics' 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 Wave Electronics
Checking the ongoing alerts about Wave Electronics for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Wave Electronics help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Wave Electronics generated a negative expected return over the last 90 days | |
| Wave Electronics Co has accumulated 465.35 M in total debt with debt to equity ratio (D/E) of 3.65, implying the company greatly relies on financing operations through barrowing. Wave Electronics has a current ratio of 0.75, 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 Wave Electronics until it has trouble settling it off, either with new capital or with free cash flow. So, Wave Electronics' 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 Wave Electronics sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Wave to invest in growth at high rates of return. When we think about Wave Electronics' use of debt, we should always consider it together with cash and equity. | |
| Wave Electronics Co has accumulated about 51.85 B in cash with (15.52 B) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 817.91. | |
| Roughly 20.0% of Wave Electronics shares are owned by insiders or employees |
Other Information on Investing in Wave Stock
Wave Electronics financial ratios help investors to determine whether Wave Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Wave with respect to the benefits of owning Wave Electronics security.