Perma Pipe International Holdings Stock Probability of Future Stock Price Finishing Over 15.35
| PPIH Stock | USD 15.35 0.05 0.32% |
Perma |
Perma Pipe Target Price Odds to finish over 15.35
The tendency of Perma 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 above the current price in 90 days |
| 15.35 | 90 days | 15.35 | nearly 4.33 |
Based on a normal probability distribution, the odds of Perma Pipe to move above the current price in 90 days from now is nearly 4.33 (This Perma Pipe International Holdings probability density function shows the probability of Perma Stock to fall within a particular range of prices over 90 days) .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.82 indicating as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Perma Pipe will likely underperform. Additionally Perma Pipe International Holdings has an alpha of 0.703, implying that it can generate a 0.7 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Perma Pipe Price Density |
| Price |
Predictive Modules for Perma Pipe
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Perma Pipe Internati. 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.Perma Pipe Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Perma Pipe is not an exception. The market had few large corrections towards the Perma Pipe's 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 Perma Pipe International Holdings, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Perma Pipe within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.70 | |
β | Beta against Dow Jones | 1.82 | |
σ | Overall volatility | 1.50 | |
Ir | Information ratio | 0.16 |
Perma Pipe 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 Perma Pipe for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Perma Pipe Internati can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Perma Pipe Internati appears to be risky and price may revert if volatility continues | |
| Perma Pipe Internati is unlikely to experience financial distress in the next 2 years | |
| Perma Pipe Internati has a strong financial position based on the latest SEC filings | |
| Latest headline from businesswire.com: Perma-Pipe International Holdings, Inc. anuncia US 15 milhes em concesses de contratos nas regies das Amricas e Oriente Mdio |
Perma Pipe 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 Perma Stock often depends not only on the future outlook of the current and potential Perma Pipe's 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. Perma Pipe's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 8.1 M | |
| Cash And Short Term Investments | 5.8 M |
Perma Pipe Technical Analysis
Perma Pipe's future price can be derived by breaking down and analyzing its technical indicators over time. Perma Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Perma Pipe International Holdings. In general, you should focus on analyzing Perma Stock price patterns and their correlations with different microeconomic environments and drivers.
Perma Pipe Predictive Forecast Models
Perma Pipe's time-series forecasting models is one of many Perma Pipe's 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 Perma Pipe's 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 Perma Pipe Internati
Checking the ongoing alerts about Perma Pipe for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Perma Pipe Internati help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Perma Pipe Internati appears to be risky and price may revert if volatility continues | |
| Perma Pipe Internati is unlikely to experience financial distress in the next 2 years | |
| Perma Pipe Internati has a strong financial position based on the latest SEC filings | |
| Latest headline from businesswire.com: Perma-Pipe International Holdings, Inc. anuncia US 15 milhes em concesses de contratos nas regies das Amricas e Oriente Mdio |
Check out Perma Pipe Backtesting, Perma Pipe Valuation, Perma Pipe Correlation, Perma Pipe Hype Analysis, Perma Pipe Volatility, Perma Pipe History as well as Perma Pipe Performance. You can also try the CEOs Directory module to screen CEOs from public companies around the world.
Is Industrial Machinery & Supplies & Components 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 Perma Pipe. If investors know Perma 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 Perma Pipe 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 2.142 | Earnings Share 1.9 | Revenue Per Share 19.878 | Quarterly Revenue Growth 0.068 | Return On Assets 0.0821 |
The market value of Perma Pipe Internati is measured differently than its book value, which is the value of Perma that is recorded on the company's balance sheet. Investors also form their own opinion of Perma Pipe's value that differs from its market value or its book value, called intrinsic value, which is Perma Pipe's 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 Perma Pipe's market value can be influenced by many factors that don't directly affect Perma Pipe's 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 Perma Pipe's value and its price as these two are different measures arrived at by different means. Investors typically determine if Perma Pipe is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Perma Pipe's 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.