WinWay Technology (Taiwan) Probability of Future Stock Price Finishing Under 1162.95
| 6515 Stock | TWD 1,075 20.00 1.83% |
WinWay |
WinWay Technology Target Price Odds to finish below 1162.95
The tendency of WinWay 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 stay under NT$ 1,163 after 90 days |
| 1,075 | 90 days | 1,163 | about 17.0 |
Based on a normal probability distribution, the odds of WinWay Technology to stay under NT$ 1,163 after 90 days from now is about 17.0 (This WinWay Technology Co probability density function shows the probability of WinWay Stock to fall within a particular range of prices over 90 days) . Probability of WinWay Technology price to stay between its current price of NT$ 1,075 and NT$ 1,163 at the end of the 90-day period is about 14.57 .
Assuming the 90 days trading horizon WinWay Technology has a beta of 0.46. This suggests as returns on the market go up, WinWay Technology average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding WinWay Technology Co will be expected to be much smaller as well. Additionally WinWay 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. WinWay Technology Price Density |
| Price |
Predictive Modules for WinWay 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 WinWay 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.WinWay Technology Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. WinWay Technology is not an exception. The market had few large corrections towards the WinWay 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 WinWay Technology Co, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of WinWay Technology within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.36 | |
β | Beta against Dow Jones | 0.46 | |
σ | Overall volatility | 87.68 | |
Ir | Information ratio | -0.12 |
WinWay 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 WinWay Technology for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for WinWay 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.| WinWay Technology generated a negative expected return over the last 90 days | |
| About 36.0% of the company shares are owned by insiders or employees |
WinWay 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 WinWay Stock often depends not only on the future outlook of the current and potential WinWay 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. WinWay Technology's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 33.9 M |
WinWay Technology Technical Analysis
WinWay Technology's future price can be derived by breaking down and analyzing its technical indicators over time. WinWay Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of WinWay Technology Co. In general, you should focus on analyzing WinWay Stock price patterns and their correlations with different microeconomic environments and drivers.
WinWay Technology Predictive Forecast Models
WinWay Technology's time-series forecasting models is one of many WinWay 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 WinWay 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 WinWay Technology
Checking the ongoing alerts about WinWay Technology for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for WinWay Technology help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| WinWay Technology generated a negative expected return over the last 90 days | |
| About 36.0% of the company shares are owned by insiders or employees |
Additional Tools for WinWay Stock Analysis
When running WinWay Technology's price analysis, check to measure WinWay 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 WinWay Technology is operating at the current time. Most of WinWay Technology's value examination focuses on studying past and present price action to predict the probability of WinWay 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 WinWay Technology's price. Additionally, you may evaluate how the addition of WinWay Technology to your portfolios can decrease your overall portfolio volatility.