Phx Energy Services Stock Probability of Future Stock Price Finishing Over 10.58
| PHX Stock | CAD 9.79 0.09 0.93% |
PHX |
PHX Energy Target Price Odds to finish over 10.58
The tendency of PHX 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 C$ 10.58 or more in 90 days |
| 9.79 | 90 days | 10.58 | near 1 |
Based on a normal probability distribution, the odds of PHX Energy to move over C$ 10.58 or more in 90 days from now is near 1 (This PHX Energy Services probability density function shows the probability of PHX Stock to fall within a particular range of prices over 90 days) . Probability of PHX Energy Services price to stay between its current price of C$ 9.79 and C$ 10.58 at the end of the 90-day period is about 15.85 .
Assuming the 90 days trading horizon PHX Energy has a beta of 0.27 indicating as returns on the market go up, PHX Energy average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding PHX Energy Services will be expected to be much smaller as well. Additionally PHX Energy Services 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. PHX Energy Price Density |
| Price |
Predictive Modules for PHX Energy
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as PHX Energy Services. 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.PHX Energy Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. PHX Energy is not an exception. The market had few large corrections towards the PHX Energy'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 PHX Energy Services, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of PHX Energy within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.03 | |
β | Beta against Dow Jones | 0.27 | |
σ | Overall volatility | 0.30 | |
Ir | Information ratio | -0.07 |
PHX Energy 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 PHX Energy for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for PHX Energy Services can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| PHX Energy Services is unlikely to experience financial distress in the next 2 years | |
| Latest headline from news.google.com: PHX Energy Services Share Price Crosses Above 200 Day Moving Average - Time to Sell - MarketBeat |
PHX Energy 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 PHX Stock often depends not only on the future outlook of the current and potential PHX Energy'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. PHX Energy's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 52.7 M | |
| Cash And Short Term Investments | 16.4 M |
PHX Energy Technical Analysis
PHX Energy's future price can be derived by breaking down and analyzing its technical indicators over time. PHX Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of PHX Energy Services. In general, you should focus on analyzing PHX Stock price patterns and their correlations with different microeconomic environments and drivers.
PHX Energy Predictive Forecast Models
PHX Energy's time-series forecasting models is one of many PHX Energy'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 PHX Energy'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 PHX Energy Services
Checking the ongoing alerts about PHX Energy for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for PHX Energy Services help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| PHX Energy Services is unlikely to experience financial distress in the next 2 years | |
| Latest headline from news.google.com: PHX Energy Services Share Price Crosses Above 200 Day Moving Average - Time to Sell - MarketBeat |
Other Information on Investing in PHX Stock
PHX Energy financial ratios help investors to determine whether PHX 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 PHX with respect to the benefits of owning PHX Energy security.