EirGenix (Taiwan) Odds of Future Stock Price Finishing Over 99.54
| 6589 Stock | TWD 73.50 3.10 4.05% |
EirGenix |
EirGenix Target Price Odds to finish over 99.54
The tendency of EirGenix 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$ 99.54 or more in 90 days |
| 73.50 | 90 days | 99.54 | near 1 |
Based on a normal probability distribution, the odds of EirGenix to move over NT$ 99.54 or more in 90 days from now is near 1 (This EirGenix probability density function shows the probability of EirGenix Stock to fall within a particular range of prices over 90 days) . Probability of EirGenix price to stay between its current price of NT$ 73.50 and NT$ 99.54 at the end of the 90-day period is close to 99 .
Assuming the 90 days trading horizon EirGenix has a beta of -0.18. This suggests as returns on the benchmark increase, returns on holding EirGenix are expected to decrease at a much lower rate. During a bear market, however, EirGenix is likely to outperform the market. Additionally EirGenix 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. EirGenix Price Density |
| Price |
Predictive Modules for EirGenix
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as EirGenix. 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.EirGenix Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. EirGenix is not an exception. The market had few large corrections towards the EirGenix'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 EirGenix, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of EirGenix within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.14 | |
β | Beta against Dow Jones | -0.18 | |
σ | Overall volatility | 3.93 | |
Ir | Information ratio | -0.11 |
EirGenix 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 EirGenix for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for EirGenix can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| EirGenix generated a negative expected return over the last 90 days | |
| The company reported the revenue of 1.7 B. Net Loss for the year was (42.58 M) with profit before overhead, payroll, taxes, and interest of 1.09 B. | |
| EirGenix has accumulated about 626.11 M in cash with (29.9 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.7. | |
| Roughly 33.0% of the company shares are owned by insiders or employees |
EirGenix 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 EirGenix Stock often depends not only on the future outlook of the current and potential EirGenix'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. EirGenix's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 300.4 M | |
| Short Long Term Debt | 127.1 M |
EirGenix Technical Analysis
EirGenix's future price can be derived by breaking down and analyzing its technical indicators over time. EirGenix Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of EirGenix. In general, you should focus on analyzing EirGenix Stock price patterns and their correlations with different microeconomic environments and drivers.
EirGenix Predictive Forecast Models
EirGenix's time-series forecasting models is one of many EirGenix'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 EirGenix'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 EirGenix
Checking the ongoing alerts about EirGenix for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for EirGenix help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| EirGenix generated a negative expected return over the last 90 days | |
| The company reported the revenue of 1.7 B. Net Loss for the year was (42.58 M) with profit before overhead, payroll, taxes, and interest of 1.09 B. | |
| EirGenix has accumulated about 626.11 M in cash with (29.9 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.7. | |
| Roughly 33.0% of the company shares are owned by insiders or employees |
Additional Tools for EirGenix Stock Analysis
When running EirGenix's price analysis, check to measure EirGenix'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 EirGenix is operating at the current time. Most of EirGenix's value examination focuses on studying past and present price action to predict the probability of EirGenix's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EirGenix's price. Additionally, you may evaluate how the addition of EirGenix to your portfolios can decrease your overall portfolio volatility.