Li Kang (Taiwan) Odds of Future Stock Price Finishing Under 43.18
| 6242 Stock | TWD 43.40 0.60 1.36% |
6242 |
Li Kang Target Price Odds to finish below 43.18
The tendency of 6242 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$ 43.18 or more in 90 days |
| 43.40 | 90 days | 43.18 | about 16.27 |
Based on a normal probability distribution, the odds of Li Kang to drop to NT$ 43.18 or more in 90 days from now is about 16.27 (This Li Kang Biomedical probability density function shows the probability of 6242 Stock to fall within a particular range of prices over 90 days) . Probability of Li Kang Biomedical price to stay between NT$ 43.18 and its current price of NT$43.4 at the end of the 90-day period is about 12.42 .
Assuming the 90 days trading horizon Li Kang Biomedical has a beta of -0.0097. This suggests as returns on the benchmark increase, returns on holding Li Kang are expected to decrease at a much lower rate. During a bear market, however, Li Kang Biomedical is likely to outperform the market. Additionally Li Kang Biomedical has an alpha of 0.0014, implying that it can generate a 0.001412 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Li Kang Price Density |
| Price |
Predictive Modules for Li Kang
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Li Kang Biomedical. 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.Li Kang Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Li Kang is not an exception. The market had few large corrections towards the Li Kang'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 Li Kang Biomedical, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Li Kang within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0 | |
β | Beta against Dow Jones | -0.0097 | |
σ | Overall volatility | 0.53 | |
Ir | Information ratio | -0.14 |
Li Kang 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 Li Kang for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Li Kang Biomedical can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Li Kang Biomedical generated a negative expected return over the last 90 days | |
| About 72.0% of the company shares are owned by insiders or employees |
Li Kang 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 6242 Stock often depends not only on the future outlook of the current and potential Li Kang'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. Li Kang's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 22.2 M |
Li Kang Technical Analysis
Li Kang's future price can be derived by breaking down and analyzing its technical indicators over time. 6242 Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Li Kang Biomedical. In general, you should focus on analyzing 6242 Stock price patterns and their correlations with different microeconomic environments and drivers.
Li Kang Predictive Forecast Models
Li Kang's time-series forecasting models is one of many Li Kang'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 Li Kang'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 Li Kang Biomedical
Checking the ongoing alerts about Li Kang for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Li Kang Biomedical help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Li Kang Biomedical generated a negative expected return over the last 90 days | |
| About 72.0% of the company shares are owned by insiders or employees |
Additional Tools for 6242 Stock Analysis
When running Li Kang's price analysis, check to measure Li Kang'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 Li Kang is operating at the current time. Most of Li Kang's value examination focuses on studying past and present price action to predict the probability of Li Kang's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Li Kang's price. Additionally, you may evaluate how the addition of Li Kang to your portfolios can decrease your overall portfolio volatility.