Petronas Gas Berhad Stock Probability of Future Pink Sheet Price Finishing Over 3.11
| PNAGF Stock | USD 4.00 0.00 0.00% |
PETRONAS |
PETRONAS Gas Target Price Odds to finish over 3.11
The tendency of PETRONAS Pink Sheet 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 $ 3.11 in 90 days |
| 4.00 | 90 days | 3.11 | close to 99 |
Based on a normal probability distribution, the odds of PETRONAS Gas to stay above $ 3.11 in 90 days from now is close to 99 (This PETRONAS Gas Berhad probability density function shows the probability of PETRONAS Pink Sheet to fall within a particular range of prices over 90 days) . Probability of PETRONAS Gas Berhad price to stay between $ 3.11 and its current price of $4.0 at the end of the 90-day period is about 60.14 .
Assuming the 90 days horizon PETRONAS Gas Berhad has a beta of -0.0049 indicating as returns on the benchmark increase, returns on holding PETRONAS Gas are expected to decrease at a much lower rate. During a bear market, however, PETRONAS Gas Berhad is likely to outperform the market. Additionally PETRONAS Gas Berhad has an alpha of 0.0538, implying that it can generate a 0.0538 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). PETRONAS Gas Price Density |
| Price |
Predictive Modules for PETRONAS Gas
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as PETRONAS Gas Berhad. Regardless of method or technology, however, to accurately forecast the pink sheet market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the pink sheet 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.PETRONAS Gas Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. PETRONAS Gas is not an exception. The market had few large corrections towards the PETRONAS Gas' 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 PETRONAS Gas Berhad, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of PETRONAS Gas within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.05 | |
β | Beta against Dow Jones | -0.0049 | |
σ | Overall volatility | 0.04 | |
Ir | Information ratio | -0.15 |
PETRONAS Gas 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 PETRONAS Gas for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for PETRONAS Gas Berhad can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| About 75.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from gurufocus.com: Neogen Corp Shares Gap Down to 14.31 on Nov 26 |
PETRONAS Gas 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 PETRONAS Pink Sheet often depends not only on the future outlook of the current and potential PETRONAS Gas' 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. PETRONAS Gas' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 2 B |
PETRONAS Gas Technical Analysis
PETRONAS Gas' future price can be derived by breaking down and analyzing its technical indicators over time. PETRONAS Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of PETRONAS Gas Berhad. In general, you should focus on analyzing PETRONAS Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
PETRONAS Gas Predictive Forecast Models
PETRONAS Gas' time-series forecasting models is one of many PETRONAS Gas' pink sheet 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 PETRONAS Gas' 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 pink sheet market movement and maximize returns from investment trading.
Things to note about PETRONAS Gas Berhad
Checking the ongoing alerts about PETRONAS Gas for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for PETRONAS Gas Berhad help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| About 75.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from gurufocus.com: Neogen Corp Shares Gap Down to 14.31 on Nov 26 |
Other Information on Investing in PETRONAS Pink Sheet
PETRONAS Gas financial ratios help investors to determine whether PETRONAS Pink Sheet 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 PETRONAS with respect to the benefits of owning PETRONAS Gas security.