Profire Ene Stock Probability of Future Stock Price Finishing Over 9.22
| PFIE Stock | USD 2.52 0.01 0.40% |
Profire |
Profire Ene Target Price Odds to finish over 9.22
The tendency of Profire 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 over $ 9.22 or more in 90 days |
| 2.52 | 90 days | 9.22 | close to zero percent |
Based on a normal probability distribution, the odds of Profire Ene to move over $ 9.22 or more in 90 days from now is close to zero percent (This Profire Ene probability density function shows the probability of Profire Stock to fall within a particular range of prices over 90 days) . Probability of Profire Ene price to stay between its current price of $ 2.52 and $ 9.22 at the end of the 90-day period is about 8.5 .
Given the investment horizon of 90 days Profire Ene has a beta of -0.16 indicating as returns on the benchmark increase, returns on holding Profire Ene are expected to decrease at a much lower rate. During a bear market, however, Profire Ene is likely to outperform the market. Additionally Profire Ene has an alpha of 0.7921, implying that it can generate a 0.79 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Profire Ene Price Density |
| Price |
Predictive Modules for Profire Ene
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Profire Ene. 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.Profire Ene Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Profire Ene is not an exception. The market had few large corrections towards the Profire Ene'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 Profire Ene, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Profire Ene within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.79 | |
β | Beta against Dow Jones | -0.16 | |
σ | Overall volatility | 0.43 | |
Ir | Information ratio | 0.10 |
Profire Ene 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 Profire Ene for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Profire Ene can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Profire Ene is way too risky over 90 days horizon | |
| Profire Ene appears to be risky and price may revert if volatility continues | |
| Profire Ene is unlikely to experience financial distress in the next 2 years | |
| About 56.0% of the company shares are owned by institutional investors | |
| Latest headline from news.google.com: Profire Energy stock hits 52-week high at 2.52 amid growth - Investing.com |
Profire Ene 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 Profire Stock often depends not only on the future outlook of the current and potential Profire Ene'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. Profire Ene's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 49.1 M | |
| Cash And Short Term Investments | 13.6 M |
Profire Ene Technical Analysis
Profire Ene's future price can be derived by breaking down and analyzing its technical indicators over time. Profire Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Profire Ene. In general, you should focus on analyzing Profire Stock price patterns and their correlations with different microeconomic environments and drivers.
Profire Ene Predictive Forecast Models
Profire Ene's time-series forecasting models is one of many Profire Ene'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 Profire Ene'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 Profire Ene
Checking the ongoing alerts about Profire Ene for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Profire Ene help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Profire Ene is way too risky over 90 days horizon | |
| Profire Ene appears to be risky and price may revert if volatility continues | |
| Profire Ene is unlikely to experience financial distress in the next 2 years | |
| About 56.0% of the company shares are owned by institutional investors | |
| Latest headline from news.google.com: Profire Energy stock hits 52-week high at 2.52 amid growth - Investing.com |
Check out Profire Ene Backtesting, Profire Ene Valuation, Profire Ene Correlation, Profire Ene Hype Analysis, Profire Ene Volatility, Profire Ene History as well as Profire Ene Performance. For information on how to trade Profire Stock refer to our How to Trade Profire Stock guide.You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Is Oil & Gas Equipment & Services 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 Profire Ene. If investors know Profire 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 Profire Ene listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 0.19 | Revenue Per Share 1.276 | Quarterly Revenue Growth 0.151 | Return On Assets 0.0941 | Return On Equity 0.1541 |
The market value of Profire Ene is measured differently than its book value, which is the value of Profire that is recorded on the company's balance sheet. Investors also form their own opinion of Profire Ene's value that differs from its market value or its book value, called intrinsic value, which is Profire Ene'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 Profire Ene's market value can be influenced by many factors that don't directly affect Profire Ene'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 Profire Ene's value and its price as these two are different measures arrived at by different means. Investors typically determine if Profire Ene is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Profire Ene'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.