Himax Stock Probability of Future Stock Price Finishing Over 6.96

HIMX
 Stock
  

USD 6.96  0.14  1.97%   

Himax Technologies' future price is the expected price of Himax Technologies instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of Himax Technologies performance during a given time horizon utilizing its historical volatility.
  
Himax Technologies' implied volatility is one of the determining factors in the pricing options written on Himax Technologies. Implied volatility approximates the future value of Himax Technologies based on the option's current value. Options with high implied volatility have higher premiums and can be used to hedge the downside of investing in Himax Technologies over a specific time period. For example, 2022-12-09 CALL at $7.0 is a CALL option contract on Himax Technologies' common stock with a strick price of 7.0 expiring on 2022-12-09. The contract was last traded on 2022-12-06 at 15:38:23 for $0.1 and, as of today, has 2 days remaining before the expiration. The option is currently trading at a bid price of $0.05, and an ask price of $0.15. The implied volatility as of the 7th of December is 58.6304. View All Himax options

Closest to current price Himax long CALL Option Payoff at Expiration

Please check Himax Technologies Backtesting, Himax Technologies Valuation, Himax Technologies Correlation, Himax Technologies Hype Analysis, Himax Technologies Volatility, Himax Technologies History as well as Himax Technologies Performance. Please specify Himax Technologies time horizon, a valid symbol (red box) and a target price (blue box) you would like Himax Technologies odds to be computed.

Himax Technologies Target Price Odds to finish over 6.96

The tendency of Himax 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 PriceHorizonTarget PriceOdds to move above the current price in 90 days
 6.96 90 days 6.96 
about 9.41
Based on a normal probability distribution, the odds of Himax Technologies to move above the current price in 90 days from now is about 9.41 (This Himax Technologies probability density function shows the probability of Himax Stock to fall within a particular range of prices over 90 days) .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.64 . This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Himax Technologies will likely underperform. Additionally The company has an alpha of 0.1892, implying that it can generate a 0.19 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
   Himax Technologies Price Density   
       Price  

Predictive Modules for Himax Technologies

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Himax Technologies. Regardless of method or technology, however, to accurately forecast the stock or bond 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, frequently view the market will even out over time. This tendency of Himax Technologies' 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. Please use the tools below to analyze the current value of Himax Technologies in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
3.496.9410.39
Details
Intrinsic
Valuation
LowReal ValueHigh
4.608.0511.50
Details
Naive
Forecast
LowNext ValueHigh
3.286.7310.18
Details
3 Analysts
Consensus
LowTarget PriceHigh
7.5011.7516.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Himax Technologies. Your research has to be compared to or analyzed against Himax Technologies' peers to derive any actionable benefits. When done correctly, Himax Technologies' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Himax Technologies.

Himax Technologies Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. Himax Technologies is not an exception. The market had few large corrections towards the Himax Technologies' 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 Himax Technologies, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Himax Technologies within the framework of very fundamental risk indicators.
α
Alpha over NYSE Composite
0.19
β
Beta against NYSE Composite1.64
σ
Overall volatility
0.76
Ir
Information ratio 0.07

Himax Technologies 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 Himax Technologies for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Himax Technologies can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
Himax Technologies has very high historical volatility over the last 90 days
About 30.0% of the company shares are held by company insiders

Himax Technologies 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 Himax Stock often depends not only on the future outlook of the current and potential Himax Technologies' 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. Himax Technologies' indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding174867000.00
Cash And Short Term Investments364382000.00

Himax Technologies Technical Analysis

Himax Technologies' future price can be derived by breaking down and analyzing its technical indicators over time. Himax Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Himax Technologies. In general, you should focus on analyzing Himax Stock price patterns and their correlations with different microeconomic environments and drivers.

Himax Technologies Predictive Forecast Models

Himax Technologies time-series forecasting models is one of many Himax Technologies' stock analysis techniquest aimed to predict future share value based on previously observed values. Time-series forecasting models ae 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. These non-stationary Himax Technologies' 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 Himax Technologies

Checking the ongoing alerts about Himax Technologies for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Himax Technologies help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Himax Technologies has very high historical volatility over the last 90 days
About 30.0% of the company shares are held by company insiders
Please check Himax Technologies Backtesting, Himax Technologies Valuation, Himax Technologies Correlation, Himax Technologies Hype Analysis, Himax Technologies Volatility, Himax Technologies History as well as Himax Technologies Performance. You can also try Stock Screener module to find equities using custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..

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When running Himax Technologies price analysis, check to measure Himax Technologies' 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 Himax Technologies is operating at the current time. Most of Himax Technologies' value examination focuses on studying past and present price action to predict the probability of Himax Technologies' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Himax Technologies' price. Additionally, you may evaluate how the addition of Himax Technologies to your portfolios can decrease your overall portfolio volatility.
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Is Himax Technologies' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Himax Technologies. If investors know Himax will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Himax Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
(0.93) 
Market Capitalization
1.2 B
Quarterly Revenue Growth YOY
(0.49) 
Return On Assets
0.1667
Return On Equity
0.424
The market value of Himax Technologies is measured differently than its book value, which is the value of Himax that is recorded on the company's balance sheet. Investors also form their own opinion of Himax Technologies' value that differs from its market value or its book value, called intrinsic value, which is Himax Technologies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Himax Technologies' market value can be influenced by many factors that don't directly affect Himax Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Himax Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine Himax Technologies value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Himax Technologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.