Elec-Tech International (China) Probability of Future Stock Price Finishing Under 1.63
| 002005 Stock | 1.78 0.01 0.56% |
Elec-Tech |
Elec-Tech International Target Price Odds to finish below 1.63
The tendency of Elec-Tech 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 1.63 or more in 90 days |
| 1.78 | 90 days | 1.63 | about 12.57 |
Based on a normal probability distribution, the odds of Elec-Tech International to drop to 1.63 or more in 90 days from now is about 12.57 (This Elec Tech International Co probability density function shows the probability of Elec-Tech Stock to fall within a particular range of prices over 90 days) . Probability of Elec Tech International price to stay between 1.63 and its current price of 1.78 at the end of the 90-day period is about 34.49 .
Assuming the 90 days trading horizon Elec-Tech International has a beta of 0.15. This suggests as returns on the market go up, Elec-Tech International 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 a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Elec-Tech International Price Density |
| Price |
Predictive Modules for Elec-Tech International
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 International Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Elec-Tech International is not an exception. The market had few large corrections towards the Elec-Tech International'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 International within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.1 | |
β | Beta against Dow Jones | 0.15 | |
σ | Overall volatility | 0.14 | |
Ir | Information ratio | -0.0041 |
Elec-Tech International 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 International 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 International generated a negative expected return over the last 90 days | |
| Elec-Tech International may become a speculative penny stock | |
| 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 International generates negative cash flow from operations | |
| About 41.0% of the company shares are owned by insiders or employees | |
| Latest headline from news.google.com: High Growth Tech Stocks Including BYD Electronic With Promising Potential - Simply Wall St |
Elec-Tech International 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-Tech Stock often depends not only on the future outlook of the current and potential Elec-Tech International'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 International's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 1.8 B |
Elec-Tech International Technical Analysis
Elec-Tech International's future price can be derived by breaking down and analyzing its technical indicators over time. Elec-Tech 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-Tech Stock price patterns and their correlations with different microeconomic environments and drivers.
Elec-Tech International Predictive Forecast Models
Elec-Tech International's time-series forecasting models is one of many Elec-Tech International'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 International'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 International 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 International generated a negative expected return over the last 90 days | |
| Elec-Tech International may become a speculative penny stock | |
| 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 International generates negative cash flow from operations | |
| About 41.0% of the company shares are owned by insiders or employees | |
| Latest headline from news.google.com: High Growth Tech Stocks Including BYD Electronic With Promising Potential - Simply Wall St |
Other Information on Investing in Elec-Tech Stock
Elec-Tech International financial ratios help investors to determine whether Elec-Tech 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-Tech with respect to the benefits of owning Elec-Tech International security.