Permian Basin Royalty Stock Probability of Future Stock Price Finishing Under 12.79
| PBT Stock | USD 13.13 0.30 2.34% |
Permian |
Permian Basin Target Price Odds to finish below 12.79
The tendency of Permian 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 $ 12.79 or more in 90 days |
| 13.13 | 90 days | 12.79 | under 95 |
Based on a normal probability distribution, the odds of Permian Basin to drop to $ 12.79 or more in 90 days from now is under 95 (This Permian Basin Royalty probability density function shows the probability of Permian Stock to fall within a particular range of prices over 90 days) . Probability of Permian Basin Royalty price to stay between $ 12.79 and its current price of $13.13 at the end of the 90-day period is under 4.
Considering the 90-day investment horizon the stock has the beta coefficient of 1.04 indicating Permian Basin Royalty market returns are related to returns on the market. As the market goes up or down, Permian Basin is expected to follow. Additionally Permian Basin Royalty has an alpha of 0.1602, implying that it can generate a 0.16 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Permian Basin Price Density |
| Price |
Predictive Modules for Permian Basin
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Permian Basin Royalty. 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.Permian Basin Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Permian Basin is not an exception. The market had few large corrections towards the Permian Basin'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 Permian Basin Royalty, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Permian Basin within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.16 | |
β | Beta against Dow Jones | 1.04 | |
σ | Overall volatility | 0.74 | |
Ir | Information ratio | 0.06 |
Permian Basin 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 Permian Basin for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Permian Basin Royalty can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Permian Basin is unlikely to experience financial distress in the next 2 years | |
| Permian Basin Royalty has about 2.86 M in cash with (57.96 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.12. | |
| On 15th of November 2024 Permian Basin paid $ 0.03 per share dividend to its current shareholders | |
| Latest headline from gurufocus.com: PBT Stock Surges Amid Oil and Gas Industry Gains |
Permian Basin 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 Permian Stock often depends not only on the future outlook of the current and potential Permian Basin'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. Permian Basin's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 46.6 M | |
| Cash And Short Term Investments | 6.1 M |
Permian Basin Technical Analysis
Permian Basin's future price can be derived by breaking down and analyzing its technical indicators over time. Permian Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Permian Basin Royalty. In general, you should focus on analyzing Permian Stock price patterns and their correlations with different microeconomic environments and drivers.
Permian Basin Predictive Forecast Models
Permian Basin's time-series forecasting models is one of many Permian Basin'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 Permian Basin'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 Permian Basin Royalty
Checking the ongoing alerts about Permian Basin for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Permian Basin Royalty help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Permian Basin is unlikely to experience financial distress in the next 2 years | |
| Permian Basin Royalty has about 2.86 M in cash with (57.96 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.12. | |
| On 15th of November 2024 Permian Basin paid $ 0.03 per share dividend to its current shareholders | |
| Latest headline from gurufocus.com: PBT Stock Surges Amid Oil and Gas Industry Gains |
Additional Tools for Permian Stock Analysis
When running Permian Basin's price analysis, check to measure Permian Basin'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 Permian Basin is operating at the current time. Most of Permian Basin's value examination focuses on studying past and present price action to predict the probability of Permian Basin's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Permian Basin's price. Additionally, you may evaluate how the addition of Permian Basin to your portfolios can decrease your overall portfolio volatility.