Hong Yi (Taiwan) Odds of Future Stock Price Finishing Over 15.9
| 1452 Stock | TWD 15.10 0.20 1.31% |
Hong |
Hong Yi Target Price Odds to finish over 15.9
The tendency of Hong 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 over NT$ 15.90 or more in 90 days |
| 15.10 | 90 days | 15.90 | about 14.01 |
Based on a normal probability distribution, the odds of Hong Yi to move over NT$ 15.90 or more in 90 days from now is about 14.01 (This Hong Yi Fiber probability density function shows the probability of Hong Stock to fall within a particular range of prices over 90 days) . Probability of Hong Yi Fiber price to stay between its current price of NT$ 15.10 and NT$ 15.90 at the end of the 90-day period is about 55.84 .
Assuming the 90 days trading horizon Hong Yi Fiber has a beta of -0.0319. This suggests as returns on the benchmark increase, returns on holding Hong Yi are expected to decrease at a much lower rate. During a bear market, however, Hong Yi Fiber is likely to outperform the market. Additionally Hong Yi Fiber 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. Hong Yi Price Density |
| Price |
Predictive Modules for Hong Yi
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Hong Yi Fiber. 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.Hong Yi Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Hong Yi is not an exception. The market had few large corrections towards the Hong Yi'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 Hong Yi Fiber, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Hong Yi within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.1 | |
β | Beta against Dow Jones | -0.03 | |
σ | Overall volatility | 0.50 | |
Ir | Information ratio | -0.01 |
Hong Yi 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 Hong Yi for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Hong Yi Fiber can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Hong Yi Fiber generated a negative expected return over the last 90 days | |
| Hong Yi Fiber has accumulated about 1.14 B in cash with (131.57 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 8.58. | |
| Roughly 20.0% of the company shares are owned by insiders or employees |
Hong Yi 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 Hong Stock often depends not only on the future outlook of the current and potential Hong Yi'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. Hong Yi's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 132.6 M |
Hong Yi Technical Analysis
Hong Yi's future price can be derived by breaking down and analyzing its technical indicators over time. Hong Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Hong Yi Fiber. In general, you should focus on analyzing Hong Stock price patterns and their correlations with different microeconomic environments and drivers.
Hong Yi Predictive Forecast Models
Hong Yi's time-series forecasting models is one of many Hong Yi'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 Hong Yi'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 Hong Yi Fiber
Checking the ongoing alerts about Hong Yi for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Hong Yi Fiber help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Hong Yi Fiber generated a negative expected return over the last 90 days | |
| Hong Yi Fiber has accumulated about 1.14 B in cash with (131.57 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 8.58. | |
| Roughly 20.0% of the company shares are owned by insiders or employees |
Additional Tools for Hong Stock Analysis
When running Hong Yi's price analysis, check to measure Hong Yi'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 Hong Yi is operating at the current time. Most of Hong Yi's value examination focuses on studying past and present price action to predict the probability of Hong Yi's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hong Yi's price. Additionally, you may evaluate how the addition of Hong Yi to your portfolios can decrease your overall portfolio volatility.