Performant Financial Stock Probability of Future Stock Price Finishing Under 3.17
| PFMT Stock | USD 3.17 0.09 2.92% |
Performant |
Performant Financial Target Price Odds to finish below 3.17
The tendency of Performant 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 below current price in 90 days |
| 3.17 | 90 days | 3.17 | nearly 4.05 |
Based on a normal probability distribution, the odds of Performant Financial to move below current price in 90 days from now is nearly 4.05 (This Performant Financial probability density function shows the probability of Performant Stock to fall within a particular range of prices over 90 days) .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.61 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, Performant Financial will likely underperform. Additionally Performant Financial 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. Performant Financial Price Density |
| Price |
Predictive Modules for Performant Financial
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Performant Financial. 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.Performant Financial Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Performant Financial is not an exception. The market had few large corrections towards the Performant Financial'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 Performant Financial, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Performant Financial within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.32 | |
β | Beta against Dow Jones | 1.61 | |
σ | Overall volatility | 0.27 | |
Ir | Information ratio | -0.08 |
Performant Financial 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 Performant Financial for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Performant Financial can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Performant Financial generated a negative expected return over the last 90 days | |
| Performant Financial has high historical volatility and very poor performance | |
| The company reported the previous year's revenue of 113.74 M. Net Loss for the year was (7.52 M) with profit before overhead, payroll, taxes, and interest of 23.87 M. | |
| Over 84.0% of the company shares are owned by institutional investors | |
| Latest headline from gurufocus.com: Significant Acquisition by First Light Asset Management in Performant Financial Corp |
Performant Financial 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 Performant Stock often depends not only on the future outlook of the current and potential Performant Financial'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. Performant Financial's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 76.2 M | |
| Cash And Short Term Investments | 7.3 M |
Performant Financial Technical Analysis
Performant Financial's future price can be derived by breaking down and analyzing its technical indicators over time. Performant Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Performant Financial. In general, you should focus on analyzing Performant Stock price patterns and their correlations with different microeconomic environments and drivers.
Performant Financial Predictive Forecast Models
Performant Financial's time-series forecasting models is one of many Performant Financial'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 Performant Financial'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 Performant Financial
Checking the ongoing alerts about Performant Financial for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Performant Financial help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Performant Financial generated a negative expected return over the last 90 days | |
| Performant Financial has high historical volatility and very poor performance | |
| The company reported the previous year's revenue of 113.74 M. Net Loss for the year was (7.52 M) with profit before overhead, payroll, taxes, and interest of 23.87 M. | |
| Over 84.0% of the company shares are owned by institutional investors | |
| Latest headline from gurufocus.com: Significant Acquisition by First Light Asset Management in Performant Financial Corp |
Additional Tools for Performant Stock Analysis
When running Performant Financial's price analysis, check to measure Performant Financial'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 Performant Financial is operating at the current time. Most of Performant Financial's value examination focuses on studying past and present price action to predict the probability of Performant Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Performant Financial's price. Additionally, you may evaluate how the addition of Performant Financial to your portfolios can decrease your overall portfolio volatility.