Elec Tech (China) Probability of Future Stock Price Finishing Over 1.63
| 002005 Stock | 1.63 0.05 2.98% |
Elec |
Elec Tech Target Price Odds to finish over 1.63
The tendency of Elec 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 |
| 1.63 | 90 days | 1.63 | about 48.52 |
Based on a normal probability distribution, the odds of Elec Tech to move above the current price in 90 days from now is about 48.52 (This Elec Tech International Co probability density function shows the probability of Elec Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon Elec Tech has a beta of 0.53. This suggests as returns on the market go up, Elec Tech average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Elec Tech International Co will be expected to be much smaller as well. Additionally Elec Tech International Co has an alpha of 0.3064, implying that it can generate a 0.31 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Elec Tech Price Density |
| Price |
Predictive Modules for Elec Tech
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Elec Tech International. 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.Elec Tech Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Elec Tech is not an exception. The market had few large corrections towards the Elec Tech'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 Elec Tech International Co, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Elec Tech within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.31 | |
β | Beta against Dow Jones | 0.53 | |
σ | Overall volatility | 0.27 | |
Ir | Information ratio | 0.09 |
Elec Tech 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 Elec Tech for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Elec Tech International can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Elec Tech may become a speculative penny stock | |
| Elec Tech had very high historical volatility over the last 90 days | |
| The company reported the revenue of 787.16 M. Net Loss for the year was (228.6 M) with profit before overhead, payroll, taxes, and interest of 60.63 M. | |
| Elec Tech generates negative cash flow from operations | |
| About 41.0% of the company shares are owned by insiders or employees |
Elec Tech 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 Elec Stock often depends not only on the future outlook of the current and potential Elec Tech'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. Elec Tech's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 1.8 B |
Elec Tech Technical Analysis
Elec Tech's future price can be derived by breaking down and analyzing its technical indicators over time. Elec Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Elec Tech International Co. In general, you should focus on analyzing Elec Stock price patterns and their correlations with different microeconomic environments and drivers.
Elec Tech Predictive Forecast Models
Elec Tech's time-series forecasting models is one of many Elec Tech'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 Elec Tech'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 Elec Tech International
Checking the ongoing alerts about Elec Tech for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Elec Tech International help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Elec Tech may become a speculative penny stock | |
| Elec Tech had very high historical volatility over the last 90 days | |
| The company reported the revenue of 787.16 M. Net Loss for the year was (228.6 M) with profit before overhead, payroll, taxes, and interest of 60.63 M. | |
| Elec Tech generates negative cash flow from operations | |
| About 41.0% of the company shares are owned by insiders or employees |
Other Information on Investing in Elec Stock
Elec Tech financial ratios help investors to determine whether Elec 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 Elec with respect to the benefits of owning Elec Tech security.