Shin Foong (Taiwan) Probability of Future Stock Price Finishing Over 59.70
| 6582 Stock | TWD 59.70 1.20 2.05% |
Shin |
Shin Foong Target Price Odds to finish over 59.70
The tendency of Shin 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 above the current price in 90 days |
| 59.70 | 90 days | 59.70 | about 88.95 |
Based on a normal probability distribution, the odds of Shin Foong to move above the current price in 90 days from now is about 88.95 (This Shin Foong Specialty probability density function shows the probability of Shin Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon Shin Foong has a beta of 0.29. This suggests as returns on the market go up, Shin Foong average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Shin Foong Specialty will be expected to be much smaller as well. Additionally Shin Foong Specialty 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. Shin Foong Price Density |
| Price |
Predictive Modules for Shin Foong
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Shin Foong Specialty. 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.Shin Foong Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Shin Foong is not an exception. The market had few large corrections towards the Shin Foong'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 Shin Foong Specialty, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Shin Foong within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.2 | |
β | Beta against Dow Jones | 0.29 | |
σ | Overall volatility | 2.10 | |
Ir | Information ratio | -0.09 |
Shin Foong 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 Shin Foong for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Shin Foong Specialty can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Shin Foong Specialty generated a negative expected return over the last 90 days | |
| About 76.0% of the company shares are owned by insiders or employees |
Shin Foong 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 Shin Stock often depends not only on the future outlook of the current and potential Shin Foong'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. Shin Foong's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 106.2 M |
Shin Foong Technical Analysis
Shin Foong's future price can be derived by breaking down and analyzing its technical indicators over time. Shin Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Shin Foong Specialty. In general, you should focus on analyzing Shin Stock price patterns and their correlations with different microeconomic environments and drivers.
Shin Foong Predictive Forecast Models
Shin Foong's time-series forecasting models is one of many Shin Foong'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 Shin Foong'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 Shin Foong Specialty
Checking the ongoing alerts about Shin Foong for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Shin Foong Specialty help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Shin Foong Specialty generated a negative expected return over the last 90 days | |
| About 76.0% of the company shares are owned by insiders or employees |
Additional Tools for Shin Stock Analysis
When running Shin Foong's price analysis, check to measure Shin Foong'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 Shin Foong is operating at the current time. Most of Shin Foong's value examination focuses on studying past and present price action to predict the probability of Shin Foong's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Shin Foong's price. Additionally, you may evaluate how the addition of Shin Foong to your portfolios can decrease your overall portfolio volatility.