Shinkong Textile (Taiwan) Probability of Future Stock Price Finishing Under 41.5
| 1419 Stock | TWD 44.85 0.05 0.11% |
Shinkong |
Shinkong Textile Target Price Odds to finish below 41.5
The tendency of Shinkong 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 NT$ 41.50 or more in 90 days |
| 44.85 | 90 days | 41.50 | near 1 |
Based on a normal probability distribution, the odds of Shinkong Textile to drop to NT$ 41.50 or more in 90 days from now is near 1 (This Shinkong Textile Co probability density function shows the probability of Shinkong Stock to fall within a particular range of prices over 90 days) . Probability of Shinkong Textile price to stay between NT$ 41.50 and its current price of NT$44.85 at the end of the 90-day period is about 9.94 .
Assuming the 90 days trading horizon Shinkong Textile Co has a beta of -0.0721. This suggests as returns on the benchmark increase, returns on holding Shinkong Textile are expected to decrease at a much lower rate. During a bear market, however, Shinkong Textile Co is likely to outperform the market. Additionally Shinkong Textile 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. Shinkong Textile Price Density |
| Price |
Predictive Modules for Shinkong Textile
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Shinkong Textile. 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.Shinkong Textile Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Shinkong Textile is not an exception. The market had few large corrections towards the Shinkong Textile'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 Shinkong Textile Co, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Shinkong Textile within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.14 | |
β | Beta against Dow Jones | -0.07 | |
σ | Overall volatility | 1.23 | |
Ir | Information ratio | -0.15 |
Shinkong Textile 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 Shinkong Textile for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Shinkong Textile can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Shinkong Textile generated a negative expected return over the last 90 days | |
| Shinkong Textile Co has accumulated 2.62 B in total debt with debt to equity ratio (D/E) of 29.9, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Shinkong Textile has a current ratio of 0.74, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Shinkong Textile until it has trouble settling it off, either with new capital or with free cash flow. So, Shinkong Textile's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Shinkong Textile sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Shinkong to invest in growth at high rates of return. When we think about Shinkong Textile's use of debt, we should always consider it together with cash and equity. | |
| Shinkong Textile Co has accumulated about 1.44 B in cash with (62.11 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 4.81. | |
| Roughly 50.0% of Shinkong Textile shares are owned by insiders or employees |
Shinkong Textile 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 Shinkong Stock often depends not only on the future outlook of the current and potential Shinkong Textile'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. Shinkong Textile's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 299.2 M |
Shinkong Textile Technical Analysis
Shinkong Textile's future price can be derived by breaking down and analyzing its technical indicators over time. Shinkong Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Shinkong Textile Co. In general, you should focus on analyzing Shinkong Stock price patterns and their correlations with different microeconomic environments and drivers.
Shinkong Textile Predictive Forecast Models
Shinkong Textile's time-series forecasting models is one of many Shinkong Textile'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 Shinkong Textile'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 Shinkong Textile
Checking the ongoing alerts about Shinkong Textile for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Shinkong Textile help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Shinkong Textile generated a negative expected return over the last 90 days | |
| Shinkong Textile Co has accumulated 2.62 B in total debt with debt to equity ratio (D/E) of 29.9, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Shinkong Textile has a current ratio of 0.74, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Shinkong Textile until it has trouble settling it off, either with new capital or with free cash flow. So, Shinkong Textile's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Shinkong Textile sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Shinkong to invest in growth at high rates of return. When we think about Shinkong Textile's use of debt, we should always consider it together with cash and equity. | |
| Shinkong Textile Co has accumulated about 1.44 B in cash with (62.11 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 4.81. | |
| Roughly 50.0% of Shinkong Textile shares are owned by insiders or employees |
Additional Tools for Shinkong Stock Analysis
When running Shinkong Textile's price analysis, check to measure Shinkong Textile'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 Shinkong Textile is operating at the current time. Most of Shinkong Textile's value examination focuses on studying past and present price action to predict the probability of Shinkong Textile's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shinkong Textile's price. Additionally, you may evaluate how the addition of Shinkong Textile to your portfolios can decrease your overall portfolio volatility.