Ritek Corp (Taiwan) Probability of Future Stock Price Finishing Under 7.46
| 2349 Stock | TWD 14.50 0.20 1.36% |
Ritek |
Ritek Corp Target Price Odds to finish below 7.46
The tendency of Ritek 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$ 7.46 or more in 90 days |
| 14.50 | 90 days | 7.46 | near 1 |
Based on a normal probability distribution, the odds of Ritek Corp to drop to NT$ 7.46 or more in 90 days from now is near 1 (This Ritek Corp probability density function shows the probability of Ritek Stock to fall within a particular range of prices over 90 days) . Probability of Ritek Corp price to stay between NT$ 7.46 and its current price of NT$14.5 at the end of the 90-day period is about 12.94 .
Assuming the 90 days trading horizon Ritek Corp has a beta of 0.0634. This suggests as returns on the market go up, Ritek Corp average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Ritek Corp will be expected to be much smaller as well. Additionally Ritek Corp 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. Ritek Corp Price Density |
| Price |
Predictive Modules for Ritek Corp
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Ritek Corp. 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.Ritek Corp Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Ritek Corp is not an exception. The market had few large corrections towards the Ritek Corp'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 Ritek Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Ritek Corp within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.02 | |
β | Beta against Dow Jones | 0.06 | |
σ | Overall volatility | 0.78 | |
Ir | Information ratio | -0.04 |
Ritek Corp 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 Ritek Corp for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Ritek Corp can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Ritek Corp generated a negative expected return over the last 90 days | |
| The company reported the revenue of 7.48 B. Net Loss for the year was (341.24 M) with profit before overhead, payroll, taxes, and interest of 1.19 B. |
Ritek Corp 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 Ritek Stock often depends not only on the future outlook of the current and potential Ritek Corp'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. Ritek Corp's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 693.7 M | |
| Short Long Term Debt | 1.7 B |
Ritek Corp Technical Analysis
Ritek Corp's future price can be derived by breaking down and analyzing its technical indicators over time. Ritek Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Ritek Corp. In general, you should focus on analyzing Ritek Stock price patterns and their correlations with different microeconomic environments and drivers.
Ritek Corp Predictive Forecast Models
Ritek Corp's time-series forecasting models is one of many Ritek Corp'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 Ritek Corp'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 Ritek Corp
Checking the ongoing alerts about Ritek Corp for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Ritek Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Ritek Corp generated a negative expected return over the last 90 days | |
| The company reported the revenue of 7.48 B. Net Loss for the year was (341.24 M) with profit before overhead, payroll, taxes, and interest of 1.19 B. |
Additional Tools for Ritek Stock Analysis
When running Ritek Corp's price analysis, check to measure Ritek Corp'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 Ritek Corp is operating at the current time. Most of Ritek Corp's value examination focuses on studying past and present price action to predict the probability of Ritek Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ritek Corp's price. Additionally, you may evaluate how the addition of Ritek Corp to your portfolios can decrease your overall portfolio volatility.