Planet Fitness Stock Probability of Future Stock Price Finishing Under 62.38
| PLNT Stock | USD 100.02 1.74 1.77% |
Planet |
Planet Fitness Target Price Odds to finish below 62.38
The tendency of Planet 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 $ 62.38 or more in 90 days |
| 100.02 | 90 days | 62.38 | near 1 |
Based on a normal probability distribution, the odds of Planet Fitness to drop to $ 62.38 or more in 90 days from now is near 1 (This Planet Fitness probability density function shows the probability of Planet Stock to fall within a particular range of prices over 90 days) . Probability of Planet Fitness price to stay between $ 62.38 and its current price of $100.02 at the end of the 90-day period is close to 99 .
Given the investment horizon of 90 days Planet Fitness has a beta of 0.78 indicating as returns on the market go up, Planet Fitness average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Planet Fitness will be expected to be much smaller as well. Additionally Planet Fitness has an alpha of 0.2739, implying that it can generate a 0.27 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Planet Fitness Price Density |
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Predictive Modules for Planet Fitness
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Planet Fitness. 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.Planet Fitness Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Planet Fitness is not an exception. The market had few large corrections towards the Planet Fitness' 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 Planet Fitness, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Planet Fitness within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.27 | |
β | Beta against Dow Jones | 0.78 | |
σ | Overall volatility | 5.59 | |
Ir | Information ratio | 0.12 |
Planet Fitness 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 Planet Fitness for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Planet Fitness can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Over 100.0% of the company shares are owned by institutional investors | |
| Latest headline from zacks.com: Is Planet Fitness Outperforming Other Consumer Discretionary Stocks This Year |
Planet Fitness 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 Planet Stock often depends not only on the future outlook of the current and potential Planet Fitness' 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. Planet Fitness' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 85.2 M | |
| Cash And Short Term Investments | 350.7 M |
Planet Fitness Technical Analysis
Planet Fitness' future price can be derived by breaking down and analyzing its technical indicators over time. Planet Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Planet Fitness. In general, you should focus on analyzing Planet Stock price patterns and their correlations with different microeconomic environments and drivers.
Planet Fitness Predictive Forecast Models
Planet Fitness' time-series forecasting models is one of many Planet Fitness' 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 Planet Fitness' 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 Planet Fitness
Checking the ongoing alerts about Planet Fitness for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Planet Fitness help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Over 100.0% of the company shares are owned by institutional investors | |
| Latest headline from zacks.com: Is Planet Fitness Outperforming Other Consumer Discretionary Stocks This Year |
Additional Tools for Planet Stock Analysis
When running Planet Fitness' price analysis, check to measure Planet Fitness' 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 Planet Fitness is operating at the current time. Most of Planet Fitness' value examination focuses on studying past and present price action to predict the probability of Planet Fitness' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Planet Fitness' price. Additionally, you may evaluate how the addition of Planet Fitness to your portfolios can decrease your overall portfolio volatility.