Flytech Technology (Taiwan) Probability of Future Stock Price Finishing Under 71.2
| 6206 Stock | TWD 82.50 0.30 0.36% |
Flytech |
Flytech Technology Target Price Odds to finish below 71.2
The tendency of Flytech 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$ 71.20 or more in 90 days |
| 82.50 | 90 days | 71.20 | near 1 |
Based on a normal probability distribution, the odds of Flytech Technology to drop to NT$ 71.20 or more in 90 days from now is near 1 (This Flytech Technology Co probability density function shows the probability of Flytech Stock to fall within a particular range of prices over 90 days) . Probability of Flytech Technology price to stay between NT$ 71.20 and its current price of NT$82.5 at the end of the 90-day period is about 12.59 .
Assuming the 90 days trading horizon Flytech Technology has a beta of 0.19. This suggests as returns on the market go up, Flytech Technology average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Flytech Technology Co will be expected to be much smaller as well. Additionally Flytech Technology 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. Flytech Technology Price Density |
| Price |
Predictive Modules for Flytech Technology
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Flytech Technology. 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.Flytech Technology Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Flytech Technology is not an exception. The market had few large corrections towards the Flytech Technology'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 Flytech Technology Co, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Flytech Technology within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.1 | |
β | Beta against Dow Jones | 0.19 | |
σ | Overall volatility | 2.27 | |
Ir | Information ratio | -0.14 |
Flytech Technology 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 Flytech Technology for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Flytech Technology can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Flytech Technology generated a negative expected return over the last 90 days | |
| About 30.0% of the company shares are owned by insiders or employees |
Flytech Technology 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 Flytech Stock often depends not only on the future outlook of the current and potential Flytech Technology'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. Flytech Technology's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 143.1 M |
Flytech Technology Technical Analysis
Flytech Technology's future price can be derived by breaking down and analyzing its technical indicators over time. Flytech Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Flytech Technology Co. In general, you should focus on analyzing Flytech Stock price patterns and their correlations with different microeconomic environments and drivers.
Flytech Technology Predictive Forecast Models
Flytech Technology's time-series forecasting models is one of many Flytech Technology'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 Flytech Technology'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 Flytech Technology
Checking the ongoing alerts about Flytech Technology for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Flytech Technology help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Flytech Technology generated a negative expected return over the last 90 days | |
| About 30.0% of the company shares are owned by insiders or employees |
Additional Tools for Flytech Stock Analysis
When running Flytech Technology's price analysis, check to measure Flytech Technology'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 Flytech Technology is operating at the current time. Most of Flytech Technology's value examination focuses on studying past and present price action to predict the probability of Flytech Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Flytech Technology's price. Additionally, you may evaluate how the addition of Flytech Technology to your portfolios can decrease your overall portfolio volatility.