Globaltek Fabrication (Taiwan) Probability of Future Stock Price Finishing Over 74.53
| 4566 Stock | TWD 73.00 4.60 5.93% |
Globaltek |
Globaltek Fabrication Target Price Odds to finish over 74.53
The tendency of Globaltek 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 NT$ 74.53 or more in 90 days |
| 73.00 | 90 days | 74.53 | roughly 96.0 |
Based on a normal probability distribution, the odds of Globaltek Fabrication to move over NT$ 74.53 or more in 90 days from now is roughly 96.0 (This Globaltek Fabrication Co probability density function shows the probability of Globaltek Stock to fall within a particular range of prices over 90 days) . Probability of Globaltek Fabrication price to stay between its current price of NT$ 73.00 and NT$ 74.53 at the end of the 90-day period is about 1.73 .
Assuming the 90 days trading horizon Globaltek Fabrication has a beta of 0.0911. This suggests as returns on the market go up, Globaltek Fabrication average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Globaltek Fabrication Co will be expected to be much smaller as well. Additionally Globaltek Fabrication 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. Globaltek Fabrication Price Density |
| Price |
Predictive Modules for Globaltek Fabrication
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Globaltek Fabrication. 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.Globaltek Fabrication Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Globaltek Fabrication is not an exception. The market had few large corrections towards the Globaltek Fabrication'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 Globaltek Fabrication Co, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Globaltek Fabrication within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.29 | |
β | Beta against Dow Jones | 0.09 | |
σ | Overall volatility | 5.92 | |
Ir | Information ratio | -0.15 |
Globaltek Fabrication 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 Globaltek Fabrication for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Globaltek Fabrication can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Globaltek Fabrication generated a negative expected return over the last 90 days | |
| About 57.0% of the company shares are owned by insiders or employees |
Globaltek Fabrication 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 Globaltek Stock often depends not only on the future outlook of the current and potential Globaltek Fabrication'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. Globaltek Fabrication's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 71.6 M |
Globaltek Fabrication Technical Analysis
Globaltek Fabrication's future price can be derived by breaking down and analyzing its technical indicators over time. Globaltek Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Globaltek Fabrication Co. In general, you should focus on analyzing Globaltek Stock price patterns and their correlations with different microeconomic environments and drivers.
Globaltek Fabrication Predictive Forecast Models
Globaltek Fabrication's time-series forecasting models is one of many Globaltek Fabrication'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 Globaltek Fabrication'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 Globaltek Fabrication
Checking the ongoing alerts about Globaltek Fabrication for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Globaltek Fabrication help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Globaltek Fabrication generated a negative expected return over the last 90 days | |
| About 57.0% of the company shares are owned by insiders or employees |
Additional Tools for Globaltek Stock Analysis
When running Globaltek Fabrication's price analysis, check to measure Globaltek Fabrication'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 Globaltek Fabrication is operating at the current time. Most of Globaltek Fabrication's value examination focuses on studying past and present price action to predict the probability of Globaltek Fabrication's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Globaltek Fabrication's price. Additionally, you may evaluate how the addition of Globaltek Fabrication to your portfolios can decrease your overall portfolio volatility.