Depo Auto (Taiwan) Probability of Future Stock Price Finishing Under 246.0
| 6605 Stock | TWD 221.00 1.50 0.67% |
Depo |
Depo Auto Target Price Odds to finish below 246.0
The tendency of Depo 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$ 246.00 after 90 days |
| 221.00 | 90 days | 246.00 | about 64.88 |
Based on a normal probability distribution, the odds of Depo Auto to stay under NT$ 246.00 after 90 days from now is about 64.88 (This Depo Auto Parts probability density function shows the probability of Depo Stock to fall within a particular range of prices over 90 days) . Probability of Depo Auto Parts price to stay between its current price of NT$ 221.00 and NT$ 246.00 at the end of the 90-day period is about 58.28 .
Assuming the 90 days trading horizon Depo Auto Parts has a beta of -0.0354. This suggests as returns on the benchmark increase, returns on holding Depo Auto are expected to decrease at a much lower rate. During a bear market, however, Depo Auto Parts is likely to outperform the market. Additionally Depo Auto Parts 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. Depo Auto Price Density |
| Price |
Predictive Modules for Depo Auto
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Depo Auto Parts. 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.Depo Auto Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Depo Auto is not an exception. The market had few large corrections towards the Depo Auto'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 Depo Auto Parts, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Depo Auto within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.2 | |
β | Beta against Dow Jones | -0.04 | |
σ | Overall volatility | 13.31 | |
Ir | Information ratio | -0.12 |
Depo Auto 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 Depo Auto for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Depo Auto Parts can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Depo Auto Parts generated a negative expected return over the last 90 days | |
| Depo Auto Parts has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| About 46.0% of the company shares are owned by insiders or employees |
Depo Auto 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 Depo Stock often depends not only on the future outlook of the current and potential Depo Auto'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. Depo Auto's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 165.8 M |
Depo Auto Technical Analysis
Depo Auto's future price can be derived by breaking down and analyzing its technical indicators over time. Depo Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Depo Auto Parts. In general, you should focus on analyzing Depo Stock price patterns and their correlations with different microeconomic environments and drivers.
Depo Auto Predictive Forecast Models
Depo Auto's time-series forecasting models is one of many Depo Auto'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 Depo Auto'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 Depo Auto Parts
Checking the ongoing alerts about Depo Auto for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Depo Auto Parts help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Depo Auto Parts generated a negative expected return over the last 90 days | |
| Depo Auto Parts has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| About 46.0% of the company shares are owned by insiders or employees |
Additional Tools for Depo Stock Analysis
When running Depo Auto's price analysis, check to measure Depo Auto'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 Depo Auto is operating at the current time. Most of Depo Auto's value examination focuses on studying past and present price action to predict the probability of Depo Auto's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Depo Auto's price. Additionally, you may evaluate how the addition of Depo Auto to your portfolios can decrease your overall portfolio volatility.