Tong Tai (Taiwan) Odds of Future Stock Price Finishing Under 27.52
| 4526 Stock | TWD 30.95 0.55 1.75% |
Tong |
Tong Tai Target Price Odds to finish below 27.52
The tendency of Tong 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$ 27.52 or more in 90 days |
| 30.95 | 90 days | 27.52 | near 1 |
Based on a normal probability distribution, the odds of Tong Tai to drop to NT$ 27.52 or more in 90 days from now is near 1 (This Tong Tai Machine Tool probability density function shows the probability of Tong Stock to fall within a particular range of prices over 90 days) . Probability of Tong Tai Machine price to stay between NT$ 27.52 and its current price of NT$30.95 at the end of the 90-day period is about 9.75 .
Assuming the 90 days trading horizon Tong Tai has a beta of 0.58. This suggests as returns on the market go up, Tong Tai average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Tong Tai Machine Tool will be expected to be much smaller as well. Additionally Tong Tai Machine Tool 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. Tong Tai Price Density |
| Price |
Predictive Modules for Tong Tai
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Tong Tai Machine. 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.Tong Tai Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Tong Tai is not an exception. The market had few large corrections towards the Tong Tai'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 Tong Tai Machine Tool, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Tong Tai within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.27 | |
β | Beta against Dow Jones | 0.58 | |
σ | Overall volatility | 2.10 | |
Ir | Information ratio | -0.1 |
Tong Tai 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 Tong Tai for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Tong Tai Machine can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Tong Tai Machine generated a negative expected return over the last 90 days | |
| Tong Tai Machine has high historical volatility and very poor performance | |
| Tong Tai Machine has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| About 30.0% of the company shares are owned by insiders or employees |
Tong Tai 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 Tong Stock often depends not only on the future outlook of the current and potential Tong Tai'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. Tong Tai's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 254.8 M |
Tong Tai Technical Analysis
Tong Tai's future price can be derived by breaking down and analyzing its technical indicators over time. Tong Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Tong Tai Machine Tool. In general, you should focus on analyzing Tong Stock price patterns and their correlations with different microeconomic environments and drivers.
Tong Tai Predictive Forecast Models
Tong Tai's time-series forecasting models is one of many Tong Tai'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 Tong Tai'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 Tong Tai Machine
Checking the ongoing alerts about Tong Tai for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Tong Tai Machine help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Tong Tai Machine generated a negative expected return over the last 90 days | |
| Tong Tai Machine has high historical volatility and very poor performance | |
| Tong Tai Machine has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| About 30.0% of the company shares are owned by insiders or employees |
Additional Tools for Tong Stock Analysis
When running Tong Tai's price analysis, check to measure Tong Tai'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 Tong Tai is operating at the current time. Most of Tong Tai's value examination focuses on studying past and present price action to predict the probability of Tong Tai's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tong Tai's price. Additionally, you may evaluate how the addition of Tong Tai to your portfolios can decrease your overall portfolio volatility.