Pro Medicus (Australia) Probability of Future Stock Price Finishing Over 179.43
| PME Stock | 251.89 3.71 1.49% |
Pro |
Pro Medicus Target Price Odds to finish over 179.43
The tendency of Pro 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 179.43 in 90 days |
| 251.89 | 90 days | 179.43 | about 63.76 |
Based on a normal probability distribution, the odds of Pro Medicus to stay above 179.43 in 90 days from now is about 63.76 (This Pro Medicus probability density function shows the probability of Pro Stock to fall within a particular range of prices over 90 days) . Probability of Pro Medicus price to stay between 179.43 and its current price of 251.89 at the end of the 90-day period is about 63.53 .
Assuming the 90 days trading horizon Pro Medicus has a beta of 0.45 indicating as returns on the market go up, Pro Medicus average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Pro Medicus will be expected to be much smaller as well. Additionally Pro Medicus has an alpha of 0.7352, implying that it can generate a 0.74 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Pro Medicus Price Density |
| Price |
Predictive Modules for Pro Medicus
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Pro Medicus. 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.Pro Medicus Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Pro Medicus is not an exception. The market had few large corrections towards the Pro Medicus' 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 Pro Medicus, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Pro Medicus within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.74 | |
β | Beta against Dow Jones | 0.45 | |
σ | Overall volatility | 22.83 | |
Ir | Information ratio | 0.34 |
Pro Medicus 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 Pro Medicus for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Pro Medicus can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Pro Medicus is unlikely to experience financial distress in the next 2 years | |
| Pro is showing solid risk-adjusted performance over 90 days | |
| About 51.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Doubled in a year Does this booming ASX share have another 24 percent upside - MSN |
Pro Medicus 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 Pro Stock often depends not only on the future outlook of the current and potential Pro Medicus' 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. Pro Medicus' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 104.7 M | |
| Cash And Short Term Investments | 155.4 M |
Pro Medicus Technical Analysis
Pro Medicus' future price can be derived by breaking down and analyzing its technical indicators over time. Pro Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Pro Medicus. In general, you should focus on analyzing Pro Stock price patterns and their correlations with different microeconomic environments and drivers.
Pro Medicus Predictive Forecast Models
Pro Medicus' time-series forecasting models is one of many Pro Medicus' 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 Pro Medicus' 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 Pro Medicus
Checking the ongoing alerts about Pro Medicus for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Pro Medicus help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Pro Medicus is unlikely to experience financial distress in the next 2 years | |
| Pro is showing solid risk-adjusted performance over 90 days | |
| About 51.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Doubled in a year Does this booming ASX share have another 24 percent upside - MSN |
Additional Tools for Pro Stock Analysis
When running Pro Medicus' price analysis, check to measure Pro Medicus' 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 Pro Medicus is operating at the current time. Most of Pro Medicus' value examination focuses on studying past and present price action to predict the probability of Pro Medicus' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pro Medicus' price. Additionally, you may evaluate how the addition of Pro Medicus to your portfolios can decrease your overall portfolio volatility.