Ppg Industries Stock Probability of Future Stock Price Finishing Under 119.66
| PPG Stock | USD 122.65 0.03 0.02% |
PPG |
PPG Industries Target Price Odds to finish below 119.66
The tendency of PPG 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 $ 119.66 or more in 90 days |
| 122.65 | 90 days | 119.66 | near 1 |
Based on a normal probability distribution, the odds of PPG Industries to drop to $ 119.66 or more in 90 days from now is near 1 (This PPG Industries probability density function shows the probability of PPG Stock to fall within a particular range of prices over 90 days) . Probability of PPG Industries price to stay between $ 119.66 and its current price of $122.65 at the end of the 90-day period is about 7.21 .
Considering the 90-day investment horizon PPG Industries has a beta of 0.68 indicating as returns on the market go up, PPG Industries average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding PPG Industries will be expected to be much smaller as well. Additionally PPG Industries 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. PPG Industries Price Density |
| Price |
Predictive Modules for PPG Industries
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as PPG Industries. 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.PPG Industries Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. PPG Industries is not an exception. The market had few large corrections towards the PPG Industries' 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 PPG Industries, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of PPG Industries within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.09 | |
β | Beta against Dow Jones | 0.68 | |
σ | Overall volatility | 2.59 | |
Ir | Information ratio | -0.11 |
PPG Industries 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 PPG Industries for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for PPG Industries can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| PPG Industries generated a negative expected return over the last 90 days | |
| Over 85.0% of the company shares are owned by institutional investors | |
| Latest headline from zacks.com: Sociedad Quimicas Earnings and Revenues Miss Estimates in Q3 |
PPG Industries 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 PPG Stock often depends not only on the future outlook of the current and potential PPG Industries' 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. PPG Industries' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 237.2 M | |
| Cash And Short Term Investments | 1.6 B |
PPG Industries Technical Analysis
PPG Industries' future price can be derived by breaking down and analyzing its technical indicators over time. PPG Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of PPG Industries. In general, you should focus on analyzing PPG Stock price patterns and their correlations with different microeconomic environments and drivers.
PPG Industries Predictive Forecast Models
PPG Industries' time-series forecasting models is one of many PPG Industries' 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 PPG Industries' 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 PPG Industries
Checking the ongoing alerts about PPG Industries for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for PPG Industries help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| PPG Industries generated a negative expected return over the last 90 days | |
| Over 85.0% of the company shares are owned by institutional investors | |
| Latest headline from zacks.com: Sociedad Quimicas Earnings and Revenues Miss Estimates in Q3 |
Check out PPG Industries Backtesting, PPG Industries Valuation, PPG Industries Correlation, PPG Industries Hype Analysis, PPG Industries Volatility, PPG Industries History as well as PPG Industries Performance. For more detail on how to invest in PPG Stock please use our How to Invest in PPG Industries guide.You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Is Specialty Chemicals 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 PPG Industries. If investors know PPG 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 PPG Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.117 | Dividend Share 2.63 | Earnings Share 6.31 | Revenue Per Share 76.764 | Quarterly Revenue Growth (0.01) |
The market value of PPG Industries is measured differently than its book value, which is the value of PPG that is recorded on the company's balance sheet. Investors also form their own opinion of PPG Industries' value that differs from its market value or its book value, called intrinsic value, which is PPG Industries' 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 PPG Industries' market value can be influenced by many factors that don't directly affect PPG Industries' 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 PPG Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if PPG Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PPG Industries' 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.