Rayong Wire (Thailand) Probability of Future Stock Price Finishing Over 0.54
| RWI Stock | THB 0.51 0.01 1.92% |
Rayong |
Rayong Wire Target Price Odds to finish over 0.54
The tendency of Rayong 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 0.54 or more in 90 days |
| 0.51 | 90 days | 0.54 | about 70.71 |
Based on a normal probability distribution, the odds of Rayong Wire to move over 0.54 or more in 90 days from now is about 70.71 (This Rayong Wire Industries probability density function shows the probability of Rayong Stock to fall within a particular range of prices over 90 days) . Probability of Rayong Wire Industries price to stay between its current price of 0.51 and 0.54 at the end of the 90-day period is about 20.63 .
Assuming the 90 days trading horizon Rayong Wire Industries has a beta of -0.7 indicating as returns on the benchmark increase, returns on holding Rayong Wire are expected to decrease at a much lower rate. During a bear market, however, Rayong Wire Industries is likely to outperform the market. Additionally Rayong Wire Industries 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. Rayong Wire Price Density |
| Price |
Predictive Modules for Rayong Wire
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Rayong Wire Industries. 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.Rayong Wire Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Rayong Wire is not an exception. The market had few large corrections towards the Rayong Wire'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 Rayong Wire Industries, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Rayong Wire within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.1 | |
β | Beta against Dow Jones | -0.7 | |
σ | Overall volatility | 0.04 | |
Ir | Information ratio | -0.09 |
Rayong Wire 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 Rayong Wire for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Rayong Wire Industries can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Rayong Wire generated a negative expected return over the last 90 days | |
| Rayong Wire has some characteristics of a very speculative penny stock | |
| Rayong Wire has high historical volatility and very poor performance | |
| Rayong Wire Industries has accumulated about 411.23 M in cash with (66.9 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.67, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Roughly 57.0% of the company outstanding shares are owned by corporate insiders |
Rayong Wire 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 Rayong Stock often depends not only on the future outlook of the current and potential Rayong Wire'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. Rayong Wire's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 637.5 M |
Rayong Wire Technical Analysis
Rayong Wire's future price can be derived by breaking down and analyzing its technical indicators over time. Rayong Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Rayong Wire Industries. In general, you should focus on analyzing Rayong Stock price patterns and their correlations with different microeconomic environments and drivers.
Rayong Wire Predictive Forecast Models
Rayong Wire's time-series forecasting models is one of many Rayong Wire'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 Rayong Wire'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 Rayong Wire Industries
Checking the ongoing alerts about Rayong Wire for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Rayong Wire Industries help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Rayong Wire generated a negative expected return over the last 90 days | |
| Rayong Wire has some characteristics of a very speculative penny stock | |
| Rayong Wire has high historical volatility and very poor performance | |
| Rayong Wire Industries has accumulated about 411.23 M in cash with (66.9 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.67, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Roughly 57.0% of the company outstanding shares are owned by corporate insiders |
Other Information on Investing in Rayong Stock
Rayong Wire financial ratios help investors to determine whether Rayong Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Rayong with respect to the benefits of owning Rayong Wire security.