TECO Electric (Taiwan) Probability of Future Stock Price Finishing Over 49.89
| 1504 Stock | TWD 51.50 0.50 0.98% |
TECO |
TECO Electric Target Price Odds to finish over 49.89
The tendency of TECO 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 stay above NT$ 49.89 in 90 days |
| 51.50 | 90 days | 49.89 | about 57.44 |
Based on a normal probability distribution, the odds of TECO Electric to stay above NT$ 49.89 in 90 days from now is about 57.44 (This TECO Electric Machinery probability density function shows the probability of TECO Stock to fall within a particular range of prices over 90 days) . Probability of TECO Electric Machinery price to stay between NT$ 49.89 and its current price of NT$51.5 at the end of the 90-day period is about 36.79 .
Assuming the 90 days trading horizon TECO Electric Machinery has a beta of -0.17. This suggests as returns on the benchmark increase, returns on holding TECO Electric are expected to decrease at a much lower rate. During a bear market, however, TECO Electric Machinery is likely to outperform the market. Additionally TECO Electric Machinery has an alpha of 0.1927, implying that it can generate a 0.19 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). TECO Electric Price Density |
| Price |
Predictive Modules for TECO Electric
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as TECO Electric Machinery. 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.TECO Electric Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. TECO Electric is not an exception. The market had few large corrections towards the TECO Electric'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 TECO Electric Machinery, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of TECO Electric within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.19 | |
β | Beta against Dow Jones | -0.17 | |
σ | Overall volatility | 1.60 | |
Ir | Information ratio | 0.05 |
TECO Electric 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 TECO Electric for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for TECO Electric Machinery can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| About 25.0% of the company shares are owned by insiders or employees |
TECO Electric 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 TECO Stock often depends not only on the future outlook of the current and potential TECO Electric'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. TECO Electric's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 2.1 B |
TECO Electric Technical Analysis
TECO Electric's future price can be derived by breaking down and analyzing its technical indicators over time. TECO Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of TECO Electric Machinery. In general, you should focus on analyzing TECO Stock price patterns and their correlations with different microeconomic environments and drivers.
TECO Electric Predictive Forecast Models
TECO Electric's time-series forecasting models is one of many TECO Electric'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 TECO Electric'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 TECO Electric Machinery
Checking the ongoing alerts about TECO Electric for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for TECO Electric Machinery help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| About 25.0% of the company shares are owned by insiders or employees |
Additional Tools for TECO Stock Analysis
When running TECO Electric's price analysis, check to measure TECO Electric'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 TECO Electric is operating at the current time. Most of TECO Electric's value examination focuses on studying past and present price action to predict the probability of TECO Electric's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TECO Electric's price. Additionally, you may evaluate how the addition of TECO Electric to your portfolios can decrease your overall portfolio volatility.