TKrungthai Industries (Thailand) Probability of Future Stock Price Finishing Over 1.58
| TKT Stock | THB 1.59 0.04 2.45% |
TKrungthai |
TKrungthai Industries Target Price Odds to finish over 1.58
The tendency of TKrungthai 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 1.58 in 90 days |
| 1.59 | 90 days | 1.58 | about 61.25 |
Based on a normal probability distribution, the odds of TKrungthai Industries to stay above 1.58 in 90 days from now is about 61.25 (This TKrungthai Industries Public probability density function shows the probability of TKrungthai Stock to fall within a particular range of prices over 90 days) . Probability of TKrungthai Industries price to stay between 1.58 and its current price of 1.59 at the end of the 90-day period is about 1.84 .
Assuming the 90 days trading horizon TKrungthai Industries has a beta of 0.0649. This usually implies as returns on the market go up, TKrungthai Industries average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding TKrungthai Industries Public will be expected to be much smaller as well. Additionally TKrungthai Industries Public 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. TKrungthai Industries Price Density |
| Price |
Predictive Modules for TKrungthai Industries
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as TKrungthai Industries. 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.TKrungthai Industries Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. TKrungthai Industries is not an exception. The market had few large corrections towards the TKrungthai Industries' 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 TKrungthai Industries Public, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of TKrungthai Industries within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.12 | |
β | Beta against Dow Jones | 0.06 | |
σ | Overall volatility | 0.21 | |
Ir | Information ratio | -0.11 |
TKrungthai Industries 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 TKrungthai Industries for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for TKrungthai Industries can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| TKrungthai Industries generated a negative expected return over the last 90 days | |
| TKrungthai Industries may become a speculative penny stock | |
| TKrungthai Industries has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| TKrungthai Industries Public has accumulated 560.34 M in total debt with debt to equity ratio (D/E) of 129.6, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. TKrungthai Industries has a current ratio of 0.66, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist TKrungthai Industries until it has trouble settling it off, either with new capital or with free cash flow. So, TKrungthai Industries' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like TKrungthai Industries sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for TKrungthai to invest in growth at high rates of return. When we think about TKrungthai Industries' use of debt, we should always consider it together with cash and equity. | |
| About 70.0% of TKrungthai Industries outstanding shares are owned by corporate insiders |
TKrungthai Industries 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 TKrungthai Stock often depends not only on the future outlook of the current and potential TKrungthai Industries' 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. TKrungthai Industries' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 237.8 M |
TKrungthai Industries Technical Analysis
TKrungthai Industries' future price can be derived by breaking down and analyzing its technical indicators over time. TKrungthai Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of TKrungthai Industries Public. In general, you should focus on analyzing TKrungthai Stock price patterns and their correlations with different microeconomic environments and drivers.
TKrungthai Industries Predictive Forecast Models
TKrungthai Industries' time-series forecasting models is one of many TKrungthai Industries' 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 TKrungthai Industries' 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 TKrungthai Industries
Checking the ongoing alerts about TKrungthai Industries for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for TKrungthai Industries help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| TKrungthai Industries generated a negative expected return over the last 90 days | |
| TKrungthai Industries may become a speculative penny stock | |
| TKrungthai Industries has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| TKrungthai Industries Public has accumulated 560.34 M in total debt with debt to equity ratio (D/E) of 129.6, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. TKrungthai Industries has a current ratio of 0.66, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist TKrungthai Industries until it has trouble settling it off, either with new capital or with free cash flow. So, TKrungthai Industries' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like TKrungthai Industries sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for TKrungthai to invest in growth at high rates of return. When we think about TKrungthai Industries' use of debt, we should always consider it together with cash and equity. | |
| About 70.0% of TKrungthai Industries outstanding shares are owned by corporate insiders |
Other Information on Investing in TKrungthai Stock
TKrungthai Industries financial ratios help investors to determine whether TKrungthai Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in TKrungthai with respect to the benefits of owning TKrungthai Industries security.