Wah Hong (Taiwan) Odds of Future Stock Price Finishing Over 18.85
| 8240 Stock | TWD 35.25 0.15 0.43% |
Wah |
Wah Hong Target Price Odds to finish over 18.85
The tendency of Wah 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 above NT$ 18.85 in 90 days |
| 35.25 | 90 days | 18.85 | close to 99 |
Based on a normal probability distribution, the odds of Wah Hong to stay above NT$ 18.85 in 90 days from now is close to 99 (This Wah Hong Industrial probability density function shows the probability of Wah Stock to fall within a particular range of prices over 90 days) . Probability of Wah Hong Industrial price to stay between NT$ 18.85 and its current price of NT$35.25 at the end of the 90-day period is about 64.53 .
Assuming the 90 days trading horizon Wah Hong Industrial has a beta of -0.64. This suggests as returns on the benchmark increase, returns on holding Wah Hong are expected to decrease at a much lower rate. During a bear market, however, Wah Hong Industrial is likely to outperform the market. Additionally Wah Hong Industrial has an alpha of 0.0426, implying that it can generate a 0.0426 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Wah Hong Price Density |
| Price |
Predictive Modules for Wah Hong
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Wah Hong Industrial. 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 Wah Hong'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.
Wah Hong Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Wah Hong is not an exception. The market had few large corrections towards the Wah Hong'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 Wah Hong Industrial, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Wah Hong within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.04 | |
β | Beta against NYSE Composite | -0.64 | |
σ | Overall volatility | 0.88 | |
Ir | Information ratio | -0.05 |
Wah Hong 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 Wah Hong for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Wah Hong Industrial can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| About 47.0% of the company shares are owned by insiders or employees |
Wah Hong 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 Wah Stock often depends not only on the future outlook of the current and potential Wah Hong'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. Wah Hong's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 98.5 M |
Wah Hong Technical Analysis
Wah Hong's future price can be derived by breaking down and analyzing its technical indicators over time. Wah Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Wah Hong Industrial. In general, you should focus on analyzing Wah Stock price patterns and their correlations with different microeconomic environments and drivers.
Wah Hong Predictive Forecast Models
Wah Hong's time-series forecasting models is one of many Wah Hong'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 Wah Hong'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 Wah Hong Industrial
Checking the ongoing alerts about Wah Hong for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Wah Hong Industrial help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| About 47.0% of the company shares are owned by insiders or employees |
Check out Wah Hong Backtesting, Wah Hong Valuation, Wah Hong Correlation, Wah Hong Hype Analysis, Wah Hong Volatility, Wah Hong History as well as Wah Hong Performance. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Complementary Tools for Wah Stock analysis
When running Wah Hong's price analysis, check to measure Wah Hong'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 Wah Hong is operating at the current time. Most of Wah Hong's value examination focuses on studying past and present price action to predict the probability of Wah Hong's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wah Hong's price. Additionally, you may evaluate how the addition of Wah Hong to your portfolios can decrease your overall portfolio volatility.
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