Petrolimex Petrochemical (Vietnam) Probability of Future Stock Price Finishing Over 20394.0
| PLC Stock | 20,600 100.00 0.48% |
Petrolimex |
Petrolimex Petrochemical Target Price Odds to finish over 20394.0
The tendency of Petrolimex 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 20,394 in 90 days |
| 20,600 | 90 days | 20,394 | more than 93.0 |
Based on a normal probability distribution, the odds of Petrolimex Petrochemical to stay above 20,394 in 90 days from now is more than 93.0 (This Petrolimex Petrochemical JSC probability density function shows the probability of Petrolimex Stock to fall within a particular range of prices over 90 days) . Probability of Petrolimex Petrochemical price to stay between 20,394 and its current price of 20600.0 at the end of the 90-day period is about 1.51 .
Assuming the 90 days trading horizon Petrolimex Petrochemical has a beta of 0.29 indicating as returns on the market go up, Petrolimex Petrochemical average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Petrolimex Petrochemical JSC will be expected to be much smaller as well. Additionally Petrolimex Petrochemical JSC 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. Petrolimex Petrochemical Price Density |
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Predictive Modules for Petrolimex Petrochemical
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Petrolimex Petrochemical. 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.Petrolimex Petrochemical Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Petrolimex Petrochemical is not an exception. The market had few large corrections towards the Petrolimex Petrochemical'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 Petrolimex Petrochemical JSC, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Petrolimex Petrochemical within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.39 | |
β | Beta against Dow Jones | 0.29 | |
σ | Overall volatility | 1,975 | |
Ir | Information ratio | -0.33 |
Petrolimex Petrochemical 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 Petrolimex Petrochemical for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Petrolimex Petrochemical can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Petrolimex Petrochemical generated a negative expected return over the last 90 days |
Petrolimex Petrochemical Technical Analysis
Petrolimex Petrochemical's future price can be derived by breaking down and analyzing its technical indicators over time. Petrolimex Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Petrolimex Petrochemical JSC. In general, you should focus on analyzing Petrolimex Stock price patterns and their correlations with different microeconomic environments and drivers.
Petrolimex Petrochemical Predictive Forecast Models
Petrolimex Petrochemical's time-series forecasting models is one of many Petrolimex Petrochemical'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 Petrolimex Petrochemical'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 Petrolimex Petrochemical
Checking the ongoing alerts about Petrolimex Petrochemical for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Petrolimex Petrochemical help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Petrolimex Petrochemical generated a negative expected return over the last 90 days |
Other Information on Investing in Petrolimex Stock
Petrolimex Petrochemical financial ratios help investors to determine whether Petrolimex 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 Petrolimex with respect to the benefits of owning Petrolimex Petrochemical security.