Himax Technologies Stock Probability of Future Stock Price Finishing Over 5.31
| HIMX Stock | USD 6.81 0.04 0.58% |
Closest to current price Himax long CALL Option Payoff at Expiration
Himax |
Himax Technologies Target Price Odds to finish over 5.31
The tendency of Himax 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 above $ 5.31 in 90 days |
| 6.81 | 90 days | 5.31 | about 84.13 |
Based on a normal probability distribution, the odds of Himax Technologies to stay above $ 5.31 in 90 days from now is about 84.13 (This Himax Technologies probability density function shows the probability of Himax Stock to fall within a particular range of prices over 90 days) . Probability of Himax Technologies price to stay between $ 5.31 and its current price of $6.81 at the end of the 90-day period is about 83.49 .
Given the investment horizon of 90 days Himax Technologies has a beta of 0.92. This usually indicates Himax Technologies market returns are sensitive to returns on the market. As the market goes up or down, Himax Technologies is expected to follow. Additionally Himax Technologies has an alpha of 0.2628, implying that it can generate a 0.26 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Himax Technologies Price Density |
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Predictive Modules for Himax Technologies
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Himax Technologies. 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.Himax Technologies Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Himax Technologies is not an exception. The market had few large corrections towards the Himax Technologies' 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 Himax Technologies, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Himax Technologies within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.26 | |
β | Beta against Dow Jones | 0.92 | |
σ | Overall volatility | 0.43 | |
Ir | Information ratio | 0.09 |
Himax Technologies 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 Himax Technologies for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Himax Technologies can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| About 31.0% of the company shares are held by company insiders | |
| Latest headline from gurufocus.com: Himax and Liqxtal Technology Unveil Revolutionary Liquid Crystal Optical Technologies to be ... |
Himax Technologies 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 Himax Stock often depends not only on the future outlook of the current and potential Himax Technologies' 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. Himax Technologies' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 174.8 M | |
| Cash And Short Term Investments | 206.4 M |
Himax Technologies Technical Analysis
Himax Technologies' future price can be derived by breaking down and analyzing its technical indicators over time. Himax Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Himax Technologies. In general, you should focus on analyzing Himax Stock price patterns and their correlations with different microeconomic environments and drivers.
Himax Technologies Predictive Forecast Models
Himax Technologies' time-series forecasting models is one of many Himax Technologies' 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 Himax Technologies' 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 Himax Technologies
Checking the ongoing alerts about Himax Technologies for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Himax Technologies help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| About 31.0% of the company shares are held by company insiders | |
| Latest headline from gurufocus.com: Himax and Liqxtal Technology Unveil Revolutionary Liquid Crystal Optical Technologies to be ... |
Additional Tools for Himax Stock Analysis
When running Himax Technologies' price analysis, check to measure Himax Technologies' 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 Himax Technologies is operating at the current time. Most of Himax Technologies' value examination focuses on studying past and present price action to predict the probability of Himax Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Himax Technologies' price. Additionally, you may evaluate how the addition of Himax Technologies to your portfolios can decrease your overall portfolio volatility.