Performance Food Group Stock Probability of Future Stock Price Finishing Under 85.03
| PFGC Stock | USD 87.59 1.19 1.38% |
Performance |
Performance Food Target Price Odds to finish below 85.03
The tendency of Performance 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 $ 85.03 or more in 90 days |
| 87.59 | 90 days | 85.03 | about 90.44 |
Based on a normal probability distribution, the odds of Performance Food to drop to $ 85.03 or more in 90 days from now is about 90.44 (This Performance Food Group probability density function shows the probability of Performance Stock to fall within a particular range of prices over 90 days) . Probability of Performance Food price to stay between $ 85.03 and its current price of $87.59 at the end of the 90-day period is about 6.52 .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.34 indicating as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Performance Food will likely underperform. Additionally Performance Food Group has an alpha of 0.0943, implying that it can generate a 0.0943 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Performance Food Price Density |
| Price |
Predictive Modules for Performance Food
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Performance Food. 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.Performance Food Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Performance Food is not an exception. The market had few large corrections towards the Performance Food'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 Performance Food Group, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Performance Food within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.09 | |
β | Beta against Dow Jones | 1.34 | |
σ | Overall volatility | 4.44 | |
Ir | Information ratio | 0.09 |
Performance Food 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 Performance Food for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Performance Food can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Over 98.0% of the company shares are owned by institutional investors | |
| Latest headline from gurufocus.com: Performance Food Group Company to Participate in the Barclays 10th Annual Eat, Sleep, Play, ... |
Performance Food 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 Performance Stock often depends not only on the future outlook of the current and potential Performance Food'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. Performance Food's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 156 M | |
| Cash And Short Term Investments | 20 M |
Performance Food Technical Analysis
Performance Food's future price can be derived by breaking down and analyzing its technical indicators over time. Performance Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Performance Food Group. In general, you should focus on analyzing Performance Stock price patterns and their correlations with different microeconomic environments and drivers.
Performance Food Predictive Forecast Models
Performance Food's time-series forecasting models is one of many Performance Food'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 Performance Food'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 Performance Food
Checking the ongoing alerts about Performance Food for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Performance Food help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Over 98.0% of the company shares are owned by institutional investors | |
| Latest headline from gurufocus.com: Performance Food Group Company to Participate in the Barclays 10th Annual Eat, Sleep, Play, ... |
Check out Performance Food Backtesting, Performance Food Valuation, Performance Food Correlation, Performance Food Hype Analysis, Performance Food Volatility, Performance Food History as well as Performance Food Performance. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
Is Consumer Staples Distribution & Retail space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Performance Food. If investors know Performance will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Performance Food listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.10) | Earnings Share 2.71 | Revenue Per Share 357.357 | Quarterly Revenue Growth 0.032 | Return On Assets 0.0378 |
The market value of Performance Food is measured differently than its book value, which is the value of Performance that is recorded on the company's balance sheet. Investors also form their own opinion of Performance Food's value that differs from its market value or its book value, called intrinsic value, which is Performance Food's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Performance Food's market value can be influenced by many factors that don't directly affect Performance Food's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Performance Food's value and its price as these two are different measures arrived at by different means. Investors typically determine if Performance Food is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Performance Food'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.