PACCAR (Argentina) Chance of Future Stock Price Finishing Over 59300.00
| PCAR Stock | 59,300 525.00 0.88% |
PACCAR |
PACCAR Target Price Odds to finish over 59300.00
The tendency of PACCAR 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 move above the current price in 90 days |
| 59,300 | 90 days | 59,300 | under 4 |
Based on a normal probability distribution, the odds of PACCAR to move above the current price in 90 days from now is under 4 (This PACCAR Inc probability density function shows the probability of PACCAR Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon PACCAR Inc has a beta of -0.37 indicating as returns on the benchmark increase, returns on holding PACCAR are expected to decrease at a much lower rate. During a bear market, however, PACCAR Inc is likely to outperform the market. Additionally PACCAR Inc has an alpha of 0.3118, implying that it can generate a 0.31 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). PACCAR Price Density |
| Price |
Predictive Modules for PACCAR
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as PACCAR Inc. 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.PACCAR Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. PACCAR is not an exception. The market had few large corrections towards the PACCAR'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 PACCAR Inc, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of PACCAR within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.31 | |
β | Beta against Dow Jones | -0.37 | |
σ | Overall volatility | 4,246 | |
Ir | Information ratio | 0.1 |
PACCAR Technical Analysis
PACCAR's future price can be derived by breaking down and analyzing its technical indicators over time. PACCAR Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of PACCAR Inc. In general, you should focus on analyzing PACCAR Stock price patterns and their correlations with different microeconomic environments and drivers.
PACCAR Predictive Forecast Models
PACCAR's time-series forecasting models is one of many PACCAR'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 PACCAR'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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards PACCAR in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, PACCAR's short interest history, or implied volatility extrapolated from PACCAR options trading.
Additional Information and Resources on Investing in PACCAR Stock
When determining whether PACCAR Inc is a strong investment it is important to analyze PACCAR's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact PACCAR's future performance. For an informed investment choice regarding PACCAR Stock, refer to the following important reports:Check out PACCAR Backtesting, PACCAR Valuation, PACCAR Correlation, PACCAR Hype Analysis, PACCAR Volatility, PACCAR History as well as PACCAR Performance. You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Please note, there is a significant difference between PACCAR's value and its price as these two are different measures arrived at by different means. Investors typically determine if PACCAR is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PACCAR's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.