Song Shang (Taiwan) Probability of Future Stock Price Finishing Over 30.84
| 6156 Stock | TWD 26.85 1.00 3.59% |
Song |
Song Shang Target Price Odds to finish over 30.84
The tendency of Song 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 move over NT$ 30.84 or more in 90 days |
| 26.85 | 90 days | 30.84 | about 53.19 |
Based on a normal probability distribution, the odds of Song Shang to move over NT$ 30.84 or more in 90 days from now is about 53.19 (This Song Shang Electronics probability density function shows the probability of Song Stock to fall within a particular range of prices over 90 days) . Probability of Song Shang Electronics price to stay between its current price of NT$ 26.85 and NT$ 30.84 at the end of the 90-day period is about 36.49 .
Assuming the 90 days trading horizon Song Shang Electronics has a beta of -0.0144. This suggests as returns on the benchmark increase, returns on holding Song Shang are expected to decrease at a much lower rate. During a bear market, however, Song Shang Electronics is likely to outperform the market. Additionally Song Shang Electronics 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. Song Shang Price Density |
| Price |
Predictive Modules for Song Shang
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Song Shang Electronics. 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.Song Shang Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Song Shang is not an exception. The market had few large corrections towards the Song Shang'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 Song Shang Electronics, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Song Shang within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.02 | |
β | Beta against Dow Jones | -0.01 | |
σ | Overall volatility | 3.37 | |
Ir | Information ratio | -0.03 |
Song Shang 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 Song Shang for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Song Shang Electronics can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Song Shang generated a negative expected return over the last 90 days | |
| Song Shang has high historical volatility and very poor performance | |
| About 31.0% of the company shares are owned by insiders or employees |
Song Shang 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 Song Stock often depends not only on the future outlook of the current and potential Song Shang'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. Song Shang's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 80.5 M |
Song Shang Technical Analysis
Song Shang's future price can be derived by breaking down and analyzing its technical indicators over time. Song Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Song Shang Electronics. In general, you should focus on analyzing Song Stock price patterns and their correlations with different microeconomic environments and drivers.
Song Shang Predictive Forecast Models
Song Shang's time-series forecasting models is one of many Song Shang'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 Song Shang'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 Song Shang Electronics
Checking the ongoing alerts about Song Shang for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Song Shang Electronics help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Song Shang generated a negative expected return over the last 90 days | |
| Song Shang has high historical volatility and very poor performance | |
| About 31.0% of the company shares are owned by insiders or employees |
Additional Tools for Song Stock Analysis
When running Song Shang's price analysis, check to measure Song Shang'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 Song Shang is operating at the current time. Most of Song Shang's value examination focuses on studying past and present price action to predict the probability of Song Shang's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Song Shang's price. Additionally, you may evaluate how the addition of Song Shang to your portfolios can decrease your overall portfolio volatility.