Brighten Optix (Taiwan) Probability of Future Stock Price Finishing Over 140.08
| 6747 Stock | TWD 138.00 1.00 0.72% |
Brighten |
Brighten Optix Target Price Odds to finish over 140.08
The tendency of Brighten 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$ 140.08 or more in 90 days |
| 138.00 | 90 days | 140.08 | about 81.26 |
Based on a normal probability distribution, the odds of Brighten Optix to move over NT$ 140.08 or more in 90 days from now is about 81.26 (This Brighten Optix probability density function shows the probability of Brighten Stock to fall within a particular range of prices over 90 days) . Probability of Brighten Optix price to stay between its current price of NT$ 138.00 and NT$ 140.08 at the end of the 90-day period is about 7.06 .
Assuming the 90 days trading horizon Brighten Optix has a beta of -0.1. This suggests as returns on the benchmark increase, returns on holding Brighten Optix are expected to decrease at a much lower rate. During a bear market, however, Brighten Optix is likely to outperform the market. Additionally Brighten Optix 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. Brighten Optix Price Density |
| Price |
Predictive Modules for Brighten Optix
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Brighten Optix. 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.Brighten Optix Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Brighten Optix is not an exception. The market had few large corrections towards the Brighten Optix'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 Brighten Optix, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Brighten Optix within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.13 | |
β | Beta against Dow Jones | -0.1 | |
σ | Overall volatility | 6.85 | |
Ir | Information ratio | -0.23 |
Brighten Optix 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 Brighten Optix for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Brighten Optix can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Brighten Optix generated a negative expected return over the last 90 days | |
| About 68.0% of the company shares are owned by insiders or employees |
Brighten Optix 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 Brighten Stock often depends not only on the future outlook of the current and potential Brighten Optix'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. Brighten Optix's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 24.2 M |
Brighten Optix Technical Analysis
Brighten Optix's future price can be derived by breaking down and analyzing its technical indicators over time. Brighten Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Brighten Optix. In general, you should focus on analyzing Brighten Stock price patterns and their correlations with different microeconomic environments and drivers.
Brighten Optix Predictive Forecast Models
Brighten Optix's time-series forecasting models is one of many Brighten Optix'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 Brighten Optix'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 Brighten Optix
Checking the ongoing alerts about Brighten Optix for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Brighten Optix help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Brighten Optix generated a negative expected return over the last 90 days | |
| About 68.0% of the company shares are owned by insiders or employees |
Additional Tools for Brighten Stock Analysis
When running Brighten Optix's price analysis, check to measure Brighten Optix'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 Brighten Optix is operating at the current time. Most of Brighten Optix's value examination focuses on studying past and present price action to predict the probability of Brighten Optix's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Brighten Optix's price. Additionally, you may evaluate how the addition of Brighten Optix to your portfolios can decrease your overall portfolio volatility.