Thong Nhat (Vietnam) Probability of Future Stock Price Finishing Under 31,779
| TNC Stock | 31,050 1,800 5.48% |
Thong |
Thong Nhat Target Price Odds to finish below 31,779
The tendency of Thong 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 below current price in 90 days |
| 31,050 | 90 days | 31,050 | near 1 |
Based on a normal probability distribution, the odds of Thong Nhat to move below current price in 90 days from now is near 1 (This Thong Nhat Rubber probability density function shows the probability of Thong Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon Thong Nhat Rubber has a beta of -0.61. This usually implies as returns on the benchmark increase, returns on holding Thong Nhat are expected to decrease at a much lower rate. During a bear market, however, Thong Nhat Rubber is likely to outperform the market. Additionally Thong Nhat Rubber 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. Thong Nhat Price Density |
| Price |
Predictive Modules for Thong Nhat
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Thong Nhat Rubber. 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.Thong Nhat Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Thong Nhat is not an exception. The market had few large corrections towards the Thong Nhat'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 Thong Nhat Rubber, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Thong Nhat within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.21 | |
β | Beta against Dow Jones | -0.61 | |
σ | Overall volatility | 1,688 | |
Ir | Information ratio | -0.06 |
Thong Nhat 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 Thong Nhat for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Thong Nhat Rubber can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Thong Nhat Rubber generated a negative expected return over the last 90 days | |
| Thong Nhat Rubber has high historical volatility and very poor performance |
Thong Nhat Technical Analysis
Thong Nhat's future price can be derived by breaking down and analyzing its technical indicators over time. Thong Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Thong Nhat Rubber. In general, you should focus on analyzing Thong Stock price patterns and their correlations with different microeconomic environments and drivers.
Thong Nhat Predictive Forecast Models
Thong Nhat's time-series forecasting models is one of many Thong Nhat'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 Thong Nhat'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 Thong Nhat Rubber
Checking the ongoing alerts about Thong Nhat for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Thong Nhat Rubber help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Thong Nhat Rubber generated a negative expected return over the last 90 days | |
| Thong Nhat Rubber has high historical volatility and very poor performance |
Other Information on Investing in Thong Stock
Thong Nhat financial ratios help investors to determine whether Thong 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 Thong with respect to the benefits of owning Thong Nhat security.