WICE Logistics (Thailand) Probability of Future Stock Price Finishing Under 5.5
| WICE Stock | THB 5.05 0.15 2.88% |
WICE |
WICE Logistics Target Price Odds to finish below 5.5
The tendency of WICE 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 under 5.50 after 90 days |
| 5.05 | 90 days | 5.50 | about 29.75 |
Based on a normal probability distribution, the odds of WICE Logistics to stay under 5.50 after 90 days from now is about 29.75 (This WICE Logistics PCL probability density function shows the probability of WICE Stock to fall within a particular range of prices over 90 days) . Probability of WICE Logistics PCL price to stay between its current price of 5.05 and 5.50 at the end of the 90-day period is about 29.63 .
Assuming the 90 days trading horizon WICE Logistics PCL has a beta of -0.2. This entails as returns on the benchmark increase, returns on holding WICE Logistics are expected to decrease at a much lower rate. During a bear market, however, WICE Logistics PCL is likely to outperform the market. Additionally WICE Logistics PCL has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. WICE Logistics Price Density |
| Price |
Predictive Modules for WICE Logistics
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as WICE Logistics PCL. 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 WICE Logistics' 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.
WICE Logistics Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. WICE Logistics is not an exception. The market had few large corrections towards the WICE Logistics' 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 WICE Logistics PCL, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of WICE Logistics within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.16 | |
β | Beta against NYSE Composite | -0.2 | |
σ | Overall volatility | 0.21 | |
Ir | Information ratio | -0.14 |
WICE Logistics 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 WICE Logistics for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for WICE Logistics PCL can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| WICE Logistics PCL generated a negative expected return over the last 90 days | |
| About 54.0% of the company outstanding shares are owned by insiders |
WICE Logistics 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 WICE Stock often depends not only on the future outlook of the current and potential WICE Logistics' 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. WICE Logistics' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 651.9 M |
WICE Logistics Technical Analysis
WICE Logistics' future price can be derived by breaking down and analyzing its technical indicators over time. WICE Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of WICE Logistics PCL. In general, you should focus on analyzing WICE Stock price patterns and their correlations with different microeconomic environments and drivers.
WICE Logistics Predictive Forecast Models
WICE Logistics' time-series forecasting models is one of many WICE Logistics' 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 WICE Logistics' 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 WICE Logistics PCL
Checking the ongoing alerts about WICE Logistics for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for WICE Logistics PCL help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| WICE Logistics PCL generated a negative expected return over the last 90 days | |
| About 54.0% of the company outstanding shares are owned by insiders |
Check out WICE Logistics Backtesting, WICE Logistics Valuation, WICE Logistics Correlation, WICE Logistics Hype Analysis, WICE Logistics Volatility, WICE Logistics History as well as WICE Logistics Performance. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
Complementary Tools for WICE Stock analysis
When running WICE Logistics' price analysis, check to measure WICE Logistics' 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 WICE Logistics is operating at the current time. Most of WICE Logistics' value examination focuses on studying past and present price action to predict the probability of WICE Logistics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move WICE Logistics' price. Additionally, you may evaluate how the addition of WICE Logistics to your portfolios can decrease your overall portfolio volatility.
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