Bullish Case: TME shows a consistent rise over the past month with a 12.4% increase, indicating momentum. A low price-to-book ratio at 1.1 suggests undervaluation. Helium AI predicts a modest but positive price adjustment of +0.71%.


Bearish Case: Despite recent gains, TME's five-year performance remains negative at -28%. Helium's forecast is only slightly bullish, and historical returns have been erratic, suggesting limited upside potential.


Potential Outcomes:

1) TME gradually rises with market stability (60% chance).

2) Helium’s optimism doesn’t match with broader market uncertainty leading to price correction (40% chance).


Trading Oracle: Sign Up to access trading oracle trade ideas.


April 25, 2024


Tencent Music Entertainment Group - Forecast

TME        Tencent Music Entertainment Group -
Price Forecast: BULLISH    Price Action: RANDOM (?)











Correlated Stock Forecasts

Assets that tend to move strongly with TME



BYRN Forecast + Options Trading Strategies   BYRN  Byrna (0.95)


WING Forecast + Options Trading Strategies   WING  Wingstop (0.94)


WM Forecast + Options Trading Strategies   WM  Waste Management (0.92)


BITO Forecast + Options Trading Strategies   BITO  ProShares Bitcoin Strategy (0.9)


VZ Forecast + Options Trading Strategies   VZ  Verizon Communications (0.9)



Uncorrelated Stock Forecasts

Assets with little price relationship to TME



EPR Forecast + Options Trading Strategies   EPR  EPR Properties (0.0)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.0)


BERY Forecast + Options Trading Strategies   BERY  Berry (-0.0)


WRBY Forecast + Options Trading Strategies   WRBY  Warby Parker (-0.0)


ANY Forecast + Options Trading Strategies   ANY  Sphere 3D (0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against TME



RILY Forecast + Options Trading Strategies   RILY  B. Riley Financial (-0.83)


EXTR Forecast + Options Trading Strategies   EXTR  Extreme Networks (-0.84)


NBR Forecast + Options Trading Strategies   NBR  Nabors Industries (-0.85)


AEHR Forecast + Options Trading Strategies   AEHR  Aehr Test Systems (-0.86)


WW Forecast + Options Trading Strategies   WW  WW International (-0.88)





Become a more profitable investor with AI optimized trading strategies






×

Chat with TME


 Ask me any question!