Photomyne (Israel) Probability of Future Stock Price Finishing Under 2202.0
| PHTM Stock | ILA 2,928 28.00 0.97% |
Photomyne |
Photomyne Target Price Odds to finish below 2202.0
The tendency of Photomyne 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 2,202 or more in 90 days |
| 2,928 | 90 days | 2,202 | roughly 2.99 |
Based on a normal probability distribution, the odds of Photomyne to drop to 2,202 or more in 90 days from now is roughly 2.99 (This Photomyne probability density function shows the probability of Photomyne Stock to fall within a particular range of prices over 90 days) . Probability of Photomyne price to stay between 2,202 and its current price of 2928.0 at the end of the 90-day period is about 90.03 .
Assuming the 90 days trading horizon Photomyne has a beta of -0.23 indicating as returns on the benchmark increase, returns on holding Photomyne are expected to decrease at a much lower rate. During a bear market, however, Photomyne is likely to outperform the market. Additionally Photomyne has an alpha of 0.3994, implying that it can generate a 0.4 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Photomyne Price Density |
| Price |
Predictive Modules for Photomyne
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Photomyne. 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.Photomyne Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Photomyne is not an exception. The market had few large corrections towards the Photomyne'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 Photomyne, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Photomyne within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.40 | |
β | Beta against Dow Jones | -0.23 | |
σ | Overall volatility | 216.20 | |
Ir | Information ratio | 0.19 |
Photomyne 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 Photomyne for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Photomyne can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| The company reported the revenue of 15.18 M. Net Loss for the year was (4.56 M) with profit before overhead, payroll, taxes, and interest of 8.34 M. | |
| Photomyne has accumulated about 16.97 M in cash with (1.57 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 6.18. |
Photomyne 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 Photomyne Stock often depends not only on the future outlook of the current and potential Photomyne'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. Photomyne's indicators that are reflective of the short sentiment are summarized in the table below.
| Shares Float | 1.5 M |
Photomyne Technical Analysis
Photomyne's future price can be derived by breaking down and analyzing its technical indicators over time. Photomyne Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Photomyne. In general, you should focus on analyzing Photomyne Stock price patterns and their correlations with different microeconomic environments and drivers.
Photomyne Predictive Forecast Models
Photomyne's time-series forecasting models is one of many Photomyne'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 Photomyne'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 Photomyne
Checking the ongoing alerts about Photomyne for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Photomyne help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| The company reported the revenue of 15.18 M. Net Loss for the year was (4.56 M) with profit before overhead, payroll, taxes, and interest of 8.34 M. | |
| Photomyne has accumulated about 16.97 M in cash with (1.57 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 6.18. |
Other Information on Investing in Photomyne Stock
Photomyne financial ratios help investors to determine whether Photomyne Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Photomyne with respect to the benefits of owning Photomyne security.