Premium Brands Holdings Stock Probability of Future Stock Price Finishing Under 79.27
| PBH Stock | CAD 78.57 0.31 0.40% |
Premium |
Premium Brands Target Price Odds to finish below 79.27
The tendency of Premium 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 C$ 79.27 after 90 days |
| 78.57 | 90 days | 79.27 | about 8.05 |
Based on a normal probability distribution, the odds of Premium Brands to stay under C$ 79.27 after 90 days from now is about 8.05 (This Premium Brands Holdings probability density function shows the probability of Premium Stock to fall within a particular range of prices over 90 days) . Probability of Premium Brands Holdings price to stay between its current price of C$ 78.57 and C$ 79.27 at the end of the 90-day period is about 1.52 .
Assuming the 90 days trading horizon Premium Brands Holdings has a beta of -0.15 indicating as returns on the benchmark increase, returns on holding Premium Brands are expected to decrease at a much lower rate. During a bear market, however, Premium Brands Holdings is likely to outperform the market. Additionally Premium Brands Holdings 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. Premium Brands Price Density |
| Price |
Predictive Modules for Premium Brands
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Premium Brands Holdings. 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.Premium Brands Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Premium Brands is not an exception. The market had few large corrections towards the Premium Brands' 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 Premium Brands Holdings, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Premium Brands within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.12 | |
β | Beta against Dow Jones | -0.15 | |
σ | Overall volatility | 6.39 | |
Ir | Information ratio | -0.17 |
Premium Brands 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 Premium Brands for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Premium Brands Holdings can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Premium Brands generated a negative expected return over the last 90 days | |
| Latest headline from news.google.com: Premium Brands Stock Passes Below Two Hundred Day Moving Average - Heres Why - MarketBeat |
Premium Brands 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 Premium Stock often depends not only on the future outlook of the current and potential Premium Brands' 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. Premium Brands' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 44.6 M | |
| Cash And Short Term Investments | 27.6 M |
Premium Brands Technical Analysis
Premium Brands' future price can be derived by breaking down and analyzing its technical indicators over time. Premium Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Premium Brands Holdings. In general, you should focus on analyzing Premium Stock price patterns and their correlations with different microeconomic environments and drivers.
Premium Brands Predictive Forecast Models
Premium Brands' time-series forecasting models is one of many Premium Brands' 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 Premium Brands' 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 Premium Brands Holdings
Checking the ongoing alerts about Premium Brands for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Premium Brands Holdings help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Premium Brands generated a negative expected return over the last 90 days | |
| Latest headline from news.google.com: Premium Brands Stock Passes Below Two Hundred Day Moving Average - Heres Why - MarketBeat |
Other Information on Investing in Premium Stock
Premium Brands financial ratios help investors to determine whether Premium 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 Premium with respect to the benefits of owning Premium Brands security.