Primech Holdings Ltd Stock Probability of Future Stock Price Finishing Over 0.78
| PMEC Stock | 0.77 0.04 5.48% |
Primech |
Primech Holdings Target Price Odds to finish over 0.78
The tendency of Primech 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 0.78 or more in 90 days |
| 0.77 | 90 days | 0.78 | about 13.82 |
Based on a normal probability distribution, the odds of Primech Holdings to move over 0.78 or more in 90 days from now is about 13.82 (This Primech Holdings Ltd probability density function shows the probability of Primech Stock to fall within a particular range of prices over 90 days) . Probability of Primech Holdings price to stay between its current price of 0.77 and 0.78 at the end of the 90-day period is under 4.
Given the investment horizon of 90 days Primech Holdings has a beta of 0.14 indicating as returns on the market go up, Primech Holdings average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Primech Holdings Ltd will be expected to be much smaller as well. Additionally Primech Holdings Ltd has an alpha of 0.3185, implying that it can generate a 0.32 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Primech Holdings Price Density |
| Price |
Predictive Modules for Primech Holdings
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Primech Holdings. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Primech Holdings' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Primech Holdings Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Primech Holdings is not an exception. The market had few large corrections towards the Primech Holdings' 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 Primech Holdings Ltd, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Primech Holdings within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.32 | |
β | Beta against Dow Jones | 0.14 | |
σ | Overall volatility | 0.06 | |
Ir | Information ratio | 0.03 |
Primech Holdings 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 Primech Holdings for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Primech Holdings can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Primech Holdings is way too risky over 90 days horizon | |
| Primech Holdings has some characteristics of a very speculative penny stock | |
| Primech Holdings appears to be risky and price may revert if volatility continues | |
| The company reported the previous year's revenue of 72.52 M. Net Loss for the year was (3.24 M) with profit before overhead, payroll, taxes, and interest of 6.42 M. | |
| Primech Holdings generates negative cash flow from operations | |
| Primech Holdings has a poor financial position based on the latest SEC disclosures | |
| About 82.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from finance.yahoo.com: Primech Holdings Subsidiary Primech AP Earns Leading Industry Awards for Excellence in Cleanliness and Hygiene |
Primech Holdings 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 Primech Stock often depends not only on the future outlook of the current and potential Primech Holdings' 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. Primech Holdings' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 33.9 M | |
| Cash And Short Term Investments | 7.6 M |
Primech Holdings Technical Analysis
Primech Holdings' future price can be derived by breaking down and analyzing its technical indicators over time. Primech Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Primech Holdings Ltd. In general, you should focus on analyzing Primech Stock price patterns and their correlations with different microeconomic environments and drivers.
Primech Holdings Predictive Forecast Models
Primech Holdings' time-series forecasting models is one of many Primech Holdings' 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 Primech Holdings' 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 Primech Holdings
Checking the ongoing alerts about Primech Holdings for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Primech Holdings help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Primech Holdings is way too risky over 90 days horizon | |
| Primech Holdings has some characteristics of a very speculative penny stock | |
| Primech Holdings appears to be risky and price may revert if volatility continues | |
| The company reported the previous year's revenue of 72.52 M. Net Loss for the year was (3.24 M) with profit before overhead, payroll, taxes, and interest of 6.42 M. | |
| Primech Holdings generates negative cash flow from operations | |
| Primech Holdings has a poor financial position based on the latest SEC disclosures | |
| About 82.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from finance.yahoo.com: Primech Holdings Subsidiary Primech AP Earns Leading Industry Awards for Excellence in Cleanliness and Hygiene |
Check out Primech Holdings Backtesting, Primech Holdings Valuation, Primech Holdings Correlation, Primech Holdings Hype Analysis, Primech Holdings Volatility, Primech Holdings History as well as Primech Holdings Performance. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Is Commercial Services & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Primech Holdings. If investors know Primech will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Primech Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.10) | Revenue Per Share 2.138 | Quarterly Revenue Growth 0.028 | Return On Assets (0.07) | Return On Equity (0.27) |
The market value of Primech Holdings is measured differently than its book value, which is the value of Primech that is recorded on the company's balance sheet. Investors also form their own opinion of Primech Holdings' value that differs from its market value or its book value, called intrinsic value, which is Primech Holdings' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Primech Holdings' market value can be influenced by many factors that don't directly affect Primech Holdings' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Primech Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Primech Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Primech Holdings' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.