Shin Kong (Taiwan) Probability of Future Stock Price Finishing Over 30.15
| 2888A Stock | TWD 30.15 0.55 1.86% |
Shin |
Shin Kong Target Price Odds to finish over 30.15
The tendency of Shin 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 above the current price in 90 days |
| 30.15 | 90 days | 30.15 | roughly 2.1 |
Based on a normal probability distribution, the odds of Shin Kong to move above the current price in 90 days from now is roughly 2.1 (This Shin Kong Financial probability density function shows the probability of Shin Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon Shin Kong Financial has a beta of -0.0426. This suggests as returns on the benchmark increase, returns on holding Shin Kong are expected to decrease at a much lower rate. During a bear market, however, Shin Kong Financial is likely to outperform the market. Additionally Shin Kong Financial has an alpha of 0.2093, implying that it can generate a 0.21 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Shin Kong Price Density |
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Predictive Modules for Shin Kong
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Shin Kong Financial. 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 Shin Kong'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.
Shin Kong Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Shin Kong is not an exception. The market had few large corrections towards the Shin Kong'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 Shin Kong Financial, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Shin Kong within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.21 | |
β | Beta against NYSE Composite | -0.04 | |
σ | Overall volatility | 1.45 | |
Ir | Information ratio | 0.25 |
Shin Kong 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 Shin Kong for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Shin Kong Financial can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Shin Kong Financial has accumulated about 675.72 B in cash with (50.2 B) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 51.9, which can makes it an attractive takeover target, given it will continue generating positive cash flow. |
Shin Kong 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 Shin Stock often depends not only on the future outlook of the current and potential Shin Kong'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. Shin Kong's indicators that are reflective of the short sentiment are summarized in the table below.
| Dividend Yield | 0.0479 | |
| Forward Annual Dividend Rate | 1.71 | |
| Shares Float | 14.5 B |
Shin Kong Technical Analysis
Shin Kong's future price can be derived by breaking down and analyzing its technical indicators over time. Shin Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Shin Kong Financial. In general, you should focus on analyzing Shin Stock price patterns and their correlations with different microeconomic environments and drivers.
Shin Kong Predictive Forecast Models
Shin Kong's time-series forecasting models is one of many Shin Kong'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 Shin Kong'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 Shin Kong Financial
Checking the ongoing alerts about Shin Kong for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Shin Kong Financial help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Shin Kong Financial has accumulated about 675.72 B in cash with (50.2 B) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 51.9, which can makes it an attractive takeover target, given it will continue generating positive cash flow. |
Additional Tools for Shin Stock Analysis
When running Shin Kong's price analysis, check to measure Shin Kong'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 Shin Kong is operating at the current time. Most of Shin Kong's value examination focuses on studying past and present price action to predict the probability of Shin Kong's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shin Kong's price. Additionally, you may evaluate how the addition of Shin Kong to your portfolios can decrease your overall portfolio volatility.