PETCO HEALTH (Germany) Probability of Future Stock Price Finishing Under 3.19
| 7G9 Stock | 4.61 0.83 21.96% |
PETCO |
PETCO HEALTH Target Price Odds to finish below 3.19
The tendency of PETCO 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 drop to 3.19 or more in 90 days |
| 4.61 | 90 days | 3.19 | about 11.32 |
Based on a normal probability distribution, the odds of PETCO HEALTH to drop to 3.19 or more in 90 days from now is about 11.32 (This PETCO HEALTH CLA probability density function shows the probability of PETCO Stock to fall within a particular range of prices over 90 days) . Probability of PETCO HEALTH CLA price to stay between 3.19 and its current price of 4.61 at the end of the 90-day period is about 77.9 .
Assuming the 90 days horizon PETCO HEALTH CLA has a beta of -0.11. This suggests as returns on the benchmark increase, returns on holding PETCO HEALTH are expected to decrease at a much lower rate. During a bear market, however, PETCO HEALTH CLA is likely to outperform the market. Additionally PETCO HEALTH CLA has an alpha of 0.6903, implying that it can generate a 0.69 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). PETCO HEALTH Price Density |
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Predictive Modules for PETCO HEALTH
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as PETCO HEALTH CLA. 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.PETCO HEALTH Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. PETCO HEALTH is not an exception. The market had few large corrections towards the PETCO HEALTH'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 PETCO HEALTH CLA, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of PETCO HEALTH within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.69 | |
β | Beta against Dow Jones | -0.11 | |
σ | Overall volatility | 0.58 | |
Ir | Information ratio | 0.08 |
PETCO HEALTH 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 PETCO HEALTH for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for PETCO HEALTH CLA can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| PETCO HEALTH CLA is way too risky over 90 days horizon | |
| PETCO HEALTH CLA appears to be risky and price may revert if volatility continues |
PETCO HEALTH Technical Analysis
PETCO HEALTH's future price can be derived by breaking down and analyzing its technical indicators over time. PETCO Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of PETCO HEALTH CLA. In general, you should focus on analyzing PETCO Stock price patterns and their correlations with different microeconomic environments and drivers.
PETCO HEALTH Predictive Forecast Models
PETCO HEALTH's time-series forecasting models is one of many PETCO HEALTH'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 PETCO HEALTH'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 PETCO HEALTH CLA
Checking the ongoing alerts about PETCO HEALTH for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for PETCO HEALTH CLA help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| PETCO HEALTH CLA is way too risky over 90 days horizon | |
| PETCO HEALTH CLA appears to be risky and price may revert if volatility continues |
Other Information on Investing in PETCO Stock
PETCO HEALTH financial ratios help investors to determine whether PETCO 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 PETCO with respect to the benefits of owning PETCO HEALTH security.