Pilbara Minerals (Australia) Probability of Future Stock Price Finishing Over 2.4
| PLS Stock | 2.47 0.04 1.59% |
Pilbara |
Pilbara Minerals Target Price Odds to finish over 2.4
The tendency of Pilbara 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 2.40 in 90 days |
| 2.47 | 90 days | 2.40 | close to 99 |
Based on a normal probability distribution, the odds of Pilbara Minerals to stay above 2.40 in 90 days from now is close to 99 (This Pilbara Minerals probability density function shows the probability of Pilbara Stock to fall within a particular range of prices over 90 days) . Probability of Pilbara Minerals price to stay between 2.40 and its current price of 2.47 at the end of the 90-day period is about 1.2 .
Assuming the 90 days trading horizon Pilbara Minerals has a beta of -0.3 indicating as returns on the benchmark increase, returns on holding Pilbara Minerals are expected to decrease at a much lower rate. During a bear market, however, Pilbara Minerals is likely to outperform the market. Additionally Pilbara Minerals 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. Pilbara Minerals Price Density |
| Price |
Predictive Modules for Pilbara Minerals
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Pilbara Minerals. 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.Pilbara Minerals Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Pilbara Minerals is not an exception. The market had few large corrections towards the Pilbara Minerals' 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 Pilbara Minerals, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Pilbara Minerals within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.2 | |
β | Beta against Dow Jones | -0.3 | |
σ | Overall volatility | 0.20 | |
Ir | Information ratio | -0.1 |
Pilbara Minerals 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 Pilbara Minerals for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Pilbara Minerals can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Pilbara Minerals generated a negative expected return over the last 90 days | |
| Pilbara Minerals has high historical volatility and very poor performance | |
| Pilbara Minerals has accumulated about 3.01 B in cash with (481.04 M) of positive cash flow from operations. | |
| Roughly 14.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Pilbara Minerals Sees Shift in Major Shareholder Interests - TipRanks |
Pilbara Minerals 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 Pilbara Stock often depends not only on the future outlook of the current and potential Pilbara Minerals' 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. Pilbara Minerals' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 3 B | |
| Cash And Short Term Investments | 1.6 B |
Pilbara Minerals Technical Analysis
Pilbara Minerals' future price can be derived by breaking down and analyzing its technical indicators over time. Pilbara Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Pilbara Minerals. In general, you should focus on analyzing Pilbara Stock price patterns and their correlations with different microeconomic environments and drivers.
Pilbara Minerals Predictive Forecast Models
Pilbara Minerals' time-series forecasting models is one of many Pilbara Minerals' 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 Pilbara Minerals' 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 Pilbara Minerals
Checking the ongoing alerts about Pilbara Minerals for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Pilbara Minerals help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Pilbara Minerals generated a negative expected return over the last 90 days | |
| Pilbara Minerals has high historical volatility and very poor performance | |
| Pilbara Minerals has accumulated about 3.01 B in cash with (481.04 M) of positive cash flow from operations. | |
| Roughly 14.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Pilbara Minerals Sees Shift in Major Shareholder Interests - TipRanks |
Additional Tools for Pilbara Stock Analysis
When running Pilbara Minerals' price analysis, check to measure Pilbara Minerals' 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 Pilbara Minerals is operating at the current time. Most of Pilbara Minerals' value examination focuses on studying past and present price action to predict the probability of Pilbara Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pilbara Minerals' price. Additionally, you may evaluate how the addition of Pilbara Minerals to your portfolios can decrease your overall portfolio volatility.