Welltend Technology (Taiwan) Probability of Future Stock Price Finishing Under 26.06
| 3021 Stock | TWD 29.10 1.35 4.43% |
Welltend |
Welltend Technology Target Price Odds to finish below 26.06
The tendency of Welltend 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$ 26.06 or more in 90 days |
| 29.10 | 90 days | 26.06 | nearly 4.41 |
Based on a normal probability distribution, the odds of Welltend Technology to drop to NT$ 26.06 or more in 90 days from now is nearly 4.41 (This Welltend Technology Corp probability density function shows the probability of Welltend Stock to fall within a particular range of prices over 90 days) . Probability of Welltend Technology Corp price to stay between NT$ 26.06 and its current price of NT$29.1 at the end of the 90-day period is about 19.02 .
Assuming the 90 days trading horizon Welltend Technology Corp has a beta of -0.15. This suggests as returns on the benchmark increase, returns on holding Welltend Technology are expected to decrease at a much lower rate. During a bear market, however, Welltend Technology Corp is likely to outperform the market. Additionally Welltend Technology Corp has an alpha of 0.3411, implying that it can generate a 0.34 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Welltend Technology Price Density |
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Predictive Modules for Welltend Technology
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Welltend Technology 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.Welltend Technology Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Welltend Technology is not an exception. The market had few large corrections towards the Welltend Technology'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 Welltend Technology Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Welltend Technology within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.34 | |
β | Beta against Dow Jones | -0.15 | |
σ | Overall volatility | 3.11 | |
Ir | Information ratio | 0.06 |
Welltend Technology 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 Welltend Technology for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Welltend Technology 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.| Welltend Technology had very high historical volatility over the last 90 days | |
| About 60.0% of the company shares are owned by insiders or employees |
Welltend Technology 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 Welltend Stock often depends not only on the future outlook of the current and potential Welltend Technology'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. Welltend Technology's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 93 M |
Welltend Technology Technical Analysis
Welltend Technology's future price can be derived by breaking down and analyzing its technical indicators over time. Welltend Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Welltend Technology Corp. In general, you should focus on analyzing Welltend Stock price patterns and their correlations with different microeconomic environments and drivers.
Welltend Technology Predictive Forecast Models
Welltend Technology's time-series forecasting models is one of many Welltend Technology'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 Welltend Technology'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 Welltend Technology Corp
Checking the ongoing alerts about Welltend Technology for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Welltend Technology Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Welltend Technology had very high historical volatility over the last 90 days | |
| About 60.0% of the company shares are owned by insiders or employees |
Additional Tools for Welltend Stock Analysis
When running Welltend Technology's price analysis, check to measure Welltend Technology'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 Welltend Technology is operating at the current time. Most of Welltend Technology's value examination focuses on studying past and present price action to predict the probability of Welltend Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Welltend Technology's price. Additionally, you may evaluate how the addition of Welltend Technology to your portfolios can decrease your overall portfolio volatility.