FIT Holding (Taiwan) Probability of Future Stock Price Finishing Under 32.89
| 3712 Stock | TWD 63.00 0.60 0.96% |
FIT |
FIT Holding Target Price Odds to finish below 32.89
The tendency of FIT 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 drop to NT$ 32.89 or more in 90 days |
| 63.00 | 90 days | 32.89 | near 1 |
Based on a normal probability distribution, the odds of FIT Holding to drop to NT$ 32.89 or more in 90 days from now is near 1 (This FIT Holding Co probability density function shows the probability of FIT Stock to fall within a particular range of prices over 90 days) . Probability of FIT Holding price to stay between NT$ 32.89 and its current price of NT$63.0 at the end of the 90-day period is about 74.81 .
Assuming the 90 days trading horizon the stock has the beta coefficient of 1.08 . This suggests FIT Holding Co market returns are correlated to returns on the market. As the market goes up or down, FIT Holding is expected to follow. Additionally FIT Holding Co has an alpha of 0.2488, implying that it can generate a 0.25 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). FIT Holding Price Density |
| Price |
Predictive Modules for FIT Holding
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as FIT Holding. 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.FIT Holding Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. FIT Holding is not an exception. The market had few large corrections towards the FIT Holding'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 FIT Holding Co, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of FIT Holding within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.25 | |
β | Beta against Dow Jones | 1.08 | |
σ | Overall volatility | 7.24 | |
Ir | Information ratio | 0.09 |
FIT Holding 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 FIT Holding for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for FIT Holding can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| FIT Holding Co has accumulated about 8.32 B in cash with (3.18 B) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 33.14. | |
| Roughly 46.0% of the company shares are owned by insiders or employees |
FIT Holding 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 FIT Stock often depends not only on the future outlook of the current and potential FIT Holding'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. FIT Holding's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 246.2 M |
FIT Holding Technical Analysis
FIT Holding's future price can be derived by breaking down and analyzing its technical indicators over time. FIT Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of FIT Holding Co. In general, you should focus on analyzing FIT Stock price patterns and their correlations with different microeconomic environments and drivers.
FIT Holding Predictive Forecast Models
FIT Holding's time-series forecasting models is one of many FIT Holding'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 FIT Holding'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 FIT Holding
Checking the ongoing alerts about FIT Holding for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for FIT Holding help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| FIT Holding Co has accumulated about 8.32 B in cash with (3.18 B) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 33.14. | |
| Roughly 46.0% of the company shares are owned by insiders or employees |
Additional Tools for FIT Stock Analysis
When running FIT Holding's price analysis, check to measure FIT Holding'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 FIT Holding is operating at the current time. Most of FIT Holding's value examination focuses on studying past and present price action to predict the probability of FIT Holding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move FIT Holding's price. Additionally, you may evaluate how the addition of FIT Holding to your portfolios can decrease your overall portfolio volatility.