Tex Ray (Taiwan) Odds of Future Stock Price Finishing Over 11.4
| 1467 Stock | TWD 10.40 0.05 0.48% |
Tex |
Tex Ray Target Price Odds to finish over 11.4
The tendency of Tex 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$ 11.40 or more in 90 days |
| 10.40 | 90 days | 11.40 | about 22.66 |
Based on a normal probability distribution, the odds of Tex Ray to move over NT$ 11.40 or more in 90 days from now is about 22.66 (This Tex Ray Industrial Co probability density function shows the probability of Tex Stock to fall within a particular range of prices over 90 days) . Probability of Tex Ray Industrial price to stay between its current price of NT$ 10.40 and NT$ 11.40 at the end of the 90-day period is about 53.77 .
Assuming the 90 days trading horizon Tex Ray has a beta of 0.43. This suggests as returns on the market go up, Tex Ray average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Tex Ray Industrial Co will be expected to be much smaller as well. Additionally Tex Ray Industrial Co 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. Tex Ray Price Density |
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Predictive Modules for Tex Ray
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Tex Ray Industrial. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Tex Ray's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Tex Ray Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Tex Ray is not an exception. The market had few large corrections towards the Tex Ray'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 Tex Ray Industrial Co, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Tex Ray within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.19 | |
β | Beta against Dow Jones | 0.43 | |
σ | Overall volatility | 0.68 | |
Ir | Information ratio | -0.15 |
Tex Ray 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 Tex Ray for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Tex Ray Industrial can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Tex Ray Industrial generated a negative expected return over the last 90 days | |
| Tex Ray Industrial has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| The company reported the revenue of 6.64 B. Net Loss for the year was (30.88 M) with profit before overhead, payroll, taxes, and interest of 1.33 B. | |
| Tex Ray Industrial Co has accumulated about 1.03 B in cash with (329.95 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 4.42. | |
| Roughly 55.0% of the company shares are owned by insiders or employees |
Tex Ray 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 Tex Stock often depends not only on the future outlook of the current and potential Tex Ray'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. Tex Ray's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 233.6 M |
Tex Ray Technical Analysis
Tex Ray's future price can be derived by breaking down and analyzing its technical indicators over time. Tex Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Tex Ray Industrial Co. In general, you should focus on analyzing Tex Stock price patterns and their correlations with different microeconomic environments and drivers.
Tex Ray Predictive Forecast Models
Tex Ray's time-series forecasting models is one of many Tex Ray'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 Tex Ray'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 Tex Ray Industrial
Checking the ongoing alerts about Tex Ray for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Tex Ray Industrial help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Tex Ray Industrial generated a negative expected return over the last 90 days | |
| Tex Ray Industrial has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| The company reported the revenue of 6.64 B. Net Loss for the year was (30.88 M) with profit before overhead, payroll, taxes, and interest of 1.33 B. | |
| Tex Ray Industrial Co has accumulated about 1.03 B in cash with (329.95 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 4.42. | |
| Roughly 55.0% of the company shares are owned by insiders or employees |
Additional Tools for Tex Stock Analysis
When running Tex Ray's price analysis, check to measure Tex Ray'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 Tex Ray is operating at the current time. Most of Tex Ray's value examination focuses on studying past and present price action to predict the probability of Tex Ray's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tex Ray's price. Additionally, you may evaluate how the addition of Tex Ray to your portfolios can decrease your overall portfolio volatility.