Primega Group Holdings Stock Probability of Future Stock Price Finishing Over 10.51
| PGHL Stock | 12.26 2.08 20.43% |
Primega |
Primega Group Target Price Odds to finish over 10.51
The tendency of Primega 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 stay above 10.51 in 90 days |
| 12.26 | 90 days | 10.51 | about 74.15 |
Based on a normal probability distribution, the odds of Primega Group to stay above 10.51 in 90 days from now is about 74.15 (This Primega Group Holdings probability density function shows the probability of Primega Stock to fall within a particular range of prices over 90 days) . Probability of Primega Group Holdings price to stay between 10.51 and its current price of 12.26 at the end of the 90-day period is about 17.82 .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.46 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, Primega Group will likely underperform. Moreover Primega Group Holdings has an alpha of 1.5525, implying that it can generate a 1.55 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Primega Group Price Density |
| Price |
Predictive Modules for Primega Group
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Primega Group Holdings. 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.Primega Group Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Primega Group is not an exception. The market had few large corrections towards the Primega Group'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 Primega Group Holdings, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Primega Group within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 1.55 | |
β | Beta against Dow Jones | 1.46 | |
σ | Overall volatility | 3.58 | |
Ir | Information ratio | 0.14 |
Primega Group 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 Primega Group for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Primega Group Holdings can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Primega Group is way too risky over 90 days horizon | |
| Primega Group appears to be risky and price may revert if volatility continues | |
| Latest headline from news.google.com: US Stocks Mixed McDonalds Posts Upbeat Earnings - Benzinga |
Primega Group 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 Primega Stock often depends not only on the future outlook of the current and potential Primega Group'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. Primega Group's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 24 M | |
| Cash And Short Term Investments | 489.4 K |
Primega Group Technical Analysis
Primega Group's future price can be derived by breaking down and analyzing its technical indicators over time. Primega Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Primega Group Holdings. In general, you should focus on analyzing Primega Stock price patterns and their correlations with different microeconomic environments and drivers.
Primega Group Predictive Forecast Models
Primega Group's time-series forecasting models is one of many Primega Group'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 Primega Group'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 Primega Group Holdings
Checking the ongoing alerts about Primega Group for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Primega Group Holdings help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Primega Group is way too risky over 90 days horizon | |
| Primega Group appears to be risky and price may revert if volatility continues | |
| Latest headline from news.google.com: US Stocks Mixed McDonalds Posts Upbeat Earnings - Benzinga |
Check out Primega Group Backtesting, Primega Group Valuation, Primega Group Correlation, Primega Group Hype Analysis, Primega Group Volatility, Primega Group History as well as Primega Group Performance. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
Is Marine Transportation 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 Primega Group. If investors know Primega 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 Primega Group listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Primega Group Holdings is measured differently than its book value, which is the value of Primega that is recorded on the company's balance sheet. Investors also form their own opinion of Primega Group's value that differs from its market value or its book value, called intrinsic value, which is Primega Group'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 Primega Group's market value can be influenced by many factors that don't directly affect Primega Group'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 Primega Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if Primega Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Primega Group'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.