Kenmec Mechanical (Taiwan) Probability of Future Stock Price Finishing Under 11.0
| 6125 Stock | TWD 89.50 0.90 1.00% |
Kenmec |
Kenmec Mechanical Target Price Odds to finish below 11.0
The tendency of Kenmec 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$ 11.00 or more in 90 days |
| 89.50 | 90 days | 11.00 | near 1 |
Based on a normal probability distribution, the odds of Kenmec Mechanical to drop to NT$ 11.00 or more in 90 days from now is near 1 (This Kenmec Mechanical Engineering probability density function shows the probability of Kenmec Stock to fall within a particular range of prices over 90 days) . Probability of Kenmec Mechanical price to stay between NT$ 11.00 and its current price of NT$89.5 at the end of the 90-day period is about 87.62 .
Assuming the 90 days trading horizon Kenmec Mechanical Engineering has a beta of -0.0033. This suggests as returns on the benchmark increase, returns on holding Kenmec Mechanical are expected to decrease at a much lower rate. During a bear market, however, Kenmec Mechanical Engineering is likely to outperform the market. Additionally Kenmec Mechanical Engineering has an alpha of 0.7245, implying that it can generate a 0.72 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Kenmec Mechanical Price Density |
| Price |
Predictive Modules for Kenmec Mechanical
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Kenmec Mechanical. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Kenmec Mechanical's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Kenmec Mechanical Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Kenmec Mechanical is not an exception. The market had few large corrections towards the Kenmec Mechanical'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 Kenmec Mechanical Engineering, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Kenmec Mechanical within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.72 | |
β | Beta against NYSE Composite | -0.0033 | |
σ | Overall volatility | 9.99 | |
Ir | Information ratio | 0.17 |
Kenmec Mechanical 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 Kenmec Mechanical for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Kenmec Mechanical can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Kenmec Mechanical appears to be risky and price may revert if volatility continues | |
| The company reported the revenue of 4.04 B. Net Loss for the year was (282.87 M) with profit before overhead, payroll, taxes, and interest of 171.65 M. | |
| About 34.0% of the company shares are owned by insiders or employees |
Kenmec Mechanical 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 Kenmec Stock often depends not only on the future outlook of the current and potential Kenmec Mechanical'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. Kenmec Mechanical's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 247 M |
Kenmec Mechanical Technical Analysis
Kenmec Mechanical's future price can be derived by breaking down and analyzing its technical indicators over time. Kenmec Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Kenmec Mechanical Engineering. In general, you should focus on analyzing Kenmec Stock price patterns and their correlations with different microeconomic environments and drivers.
Kenmec Mechanical Predictive Forecast Models
Kenmec Mechanical's time-series forecasting models is one of many Kenmec Mechanical'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 Kenmec Mechanical'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 Kenmec Mechanical
Checking the ongoing alerts about Kenmec Mechanical for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Kenmec Mechanical help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Kenmec Mechanical appears to be risky and price may revert if volatility continues | |
| The company reported the revenue of 4.04 B. Net Loss for the year was (282.87 M) with profit before overhead, payroll, taxes, and interest of 171.65 M. | |
| About 34.0% of the company shares are owned by insiders or employees |
Check out Kenmec Mechanical Backtesting, Kenmec Mechanical Valuation, Kenmec Mechanical Correlation, Kenmec Mechanical Hype Analysis, Kenmec Mechanical Volatility, Kenmec Mechanical History as well as Kenmec Mechanical Performance. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
Complementary Tools for Kenmec Stock analysis
When running Kenmec Mechanical's price analysis, check to measure Kenmec Mechanical'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 Kenmec Mechanical is operating at the current time. Most of Kenmec Mechanical's value examination focuses on studying past and present price action to predict the probability of Kenmec Mechanical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kenmec Mechanical's price. Additionally, you may evaluate how the addition of Kenmec Mechanical to your portfolios can decrease your overall portfolio volatility.
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