ITMAX System (Malaysia) Probability of Future Stock Price Finishing Under 3.56
| 5309 Stock | 3.52 0.02 0.56% |
ITMAX |
ITMAX System Target Price Odds to finish below 3.56
The tendency of ITMAX 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 under 3.56 after 90 days |
| 3.52 | 90 days | 3.56 | about 40.1 |
Based on a normal probability distribution, the odds of ITMAX System to stay under 3.56 after 90 days from now is about 40.1 (This ITMAX System Berhad probability density function shows the probability of ITMAX Stock to fall within a particular range of prices over 90 days) . Probability of ITMAX System Berhad price to stay between its current price of 3.52 and 3.56 at the end of the 90-day period is about 16.9 .
Assuming the 90 days trading horizon ITMAX System Berhad has a beta of -0.12. This suggests as returns on the benchmark increase, returns on holding ITMAX System are expected to decrease at a much lower rate. During a bear market, however, ITMAX System Berhad is likely to outperform the market. Additionally ITMAX System Berhad 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. ITMAX System Price Density |
| Price |
Predictive Modules for ITMAX System
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ITMAX System Berhad. 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.ITMAX System Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. ITMAX System is not an exception. The market had few large corrections towards the ITMAX System'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 ITMAX System Berhad, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of ITMAX System within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.03 | |
β | Beta against Dow Jones | -0.12 | |
σ | Overall volatility | 0.08 | |
Ir | Information ratio | -0.05 |
ITMAX System 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 ITMAX System for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for ITMAX System Berhad can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| ITMAX System Berhad generated a negative expected return over the last 90 days |
ITMAX System Technical Analysis
ITMAX System's future price can be derived by breaking down and analyzing its technical indicators over time. ITMAX Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of ITMAX System Berhad. In general, you should focus on analyzing ITMAX Stock price patterns and their correlations with different microeconomic environments and drivers.
ITMAX System Predictive Forecast Models
ITMAX System's time-series forecasting models is one of many ITMAX System'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 ITMAX System'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 ITMAX System Berhad
Checking the ongoing alerts about ITMAX System for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for ITMAX System Berhad help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| ITMAX System Berhad generated a negative expected return over the last 90 days |