Mirle Automation (Taiwan) Probability of Future Stock Price Finishing Under 42.1
| 2464 Stock | TWD 74.90 2.00 2.60% |
Mirle |
Mirle Automation Target Price Odds to finish below 42.1
The tendency of Mirle 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$ 42.10 or more in 90 days |
| 74.90 | 90 days | 42.10 | near 1 |
Based on a normal probability distribution, the odds of Mirle Automation to drop to NT$ 42.10 or more in 90 days from now is near 1 (This Mirle Automation Corp probability density function shows the probability of Mirle Stock to fall within a particular range of prices over 90 days) . Probability of Mirle Automation Corp price to stay between NT$ 42.10 and its current price of NT$74.9 at the end of the 90-day period is about 14.35 .
Assuming the 90 days trading horizon Mirle Automation has a beta of 0.64. This suggests as returns on the market go up, Mirle Automation average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Mirle Automation Corp will be expected to be much smaller as well. Additionally Mirle Automation 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. Mirle Automation Price Density |
| Price |
Predictive Modules for Mirle Automation
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Mirle Automation 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.Mirle Automation Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Mirle Automation is not an exception. The market had few large corrections towards the Mirle Automation'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 Mirle Automation Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Mirle Automation within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.11 | |
β | Beta against Dow Jones | 0.64 | |
σ | Overall volatility | 3.47 | |
Ir | Information ratio | -0.06 |
Mirle Automation 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 Mirle Automation for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Mirle Automation 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.| Mirle Automation generated a negative expected return over the last 90 days | |
| About 24.0% of the company shares are owned by insiders or employees |
Mirle Automation 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 Mirle Stock often depends not only on the future outlook of the current and potential Mirle Automation'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. Mirle Automation's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 195.5 M |
Mirle Automation Technical Analysis
Mirle Automation's future price can be derived by breaking down and analyzing its technical indicators over time. Mirle Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Mirle Automation Corp. In general, you should focus on analyzing Mirle Stock price patterns and their correlations with different microeconomic environments and drivers.
Mirle Automation Predictive Forecast Models
Mirle Automation's time-series forecasting models is one of many Mirle Automation'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 Mirle Automation'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 Mirle Automation Corp
Checking the ongoing alerts about Mirle Automation for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Mirle Automation Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Mirle Automation generated a negative expected return over the last 90 days | |
| About 24.0% of the company shares are owned by insiders or employees |
Additional Tools for Mirle Stock Analysis
When running Mirle Automation's price analysis, check to measure Mirle Automation'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 Mirle Automation is operating at the current time. Most of Mirle Automation's value examination focuses on studying past and present price action to predict the probability of Mirle Automation's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mirle Automation's price. Additionally, you may evaluate how the addition of Mirle Automation to your portfolios can decrease your overall portfolio volatility.