Perpetua Resources Corp Stock Probability of Future Stock Price Finishing Over 13.97
| PPTA Stock | USD 9.53 0.23 2.36% |
Perpetua |
Perpetua Resources Target Price Odds to finish over 13.97
The tendency of Perpetua 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 $ 13.97 or more in 90 days |
| 9.53 | 90 days | 13.97 | near 1 |
Based on a normal probability distribution, the odds of Perpetua Resources to move over $ 13.97 or more in 90 days from now is near 1 (This Perpetua Resources Corp probability density function shows the probability of Perpetua Stock to fall within a particular range of prices over 90 days) . Probability of Perpetua Resources Corp price to stay between its current price of $ 9.53 and $ 13.97 at the end of the 90-day period is about 38.93 .
Given the investment horizon of 90 days Perpetua Resources has a beta of 0.4 indicating as returns on the market go up, Perpetua Resources average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Perpetua Resources Corp will be expected to be much smaller as well. Additionally Perpetua Resources Corp has an alpha of 0.2351, implying that it can generate a 0.24 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Perpetua Resources Price Density |
| Price |
Predictive Modules for Perpetua Resources
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Perpetua Resources Corp. 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 Perpetua Resources' 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.
Perpetua Resources Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Perpetua Resources is not an exception. The market had few large corrections towards the Perpetua Resources' 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 Perpetua Resources Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Perpetua Resources within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.24 | |
β | Beta against Dow Jones | 0.40 | |
σ | Overall volatility | 0.64 | |
Ir | Information ratio | 0.03 |
Perpetua Resources 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 Perpetua Resources for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Perpetua Resources Corp can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Perpetua Resources had very high historical volatility over the last 90 days | |
| Net Loss for the year was (18.77 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Perpetua Resources Corp currently holds about 36.09 M in cash with (21.19 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.57. | |
| Roughly 72.0% of the company shares are owned by institutional investors | |
| Latest headline from zacks.com: How Much Upside is Left in Perpetua Resources Wall Street Analysts Think 72.06 |
Perpetua Resources 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 Perpetua Stock often depends not only on the future outlook of the current and potential Perpetua Resources' 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. Perpetua Resources' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 63.2 M | |
| Cash And Short Term Investments | 3.2 M |
Perpetua Resources Technical Analysis
Perpetua Resources' future price can be derived by breaking down and analyzing its technical indicators over time. Perpetua Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Perpetua Resources Corp. In general, you should focus on analyzing Perpetua Stock price patterns and their correlations with different microeconomic environments and drivers.
Perpetua Resources Predictive Forecast Models
Perpetua Resources' time-series forecasting models is one of many Perpetua Resources' 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 Perpetua Resources' 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 Perpetua Resources Corp
Checking the ongoing alerts about Perpetua Resources for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Perpetua Resources Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Perpetua Resources had very high historical volatility over the last 90 days | |
| Net Loss for the year was (18.77 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Perpetua Resources Corp currently holds about 36.09 M in cash with (21.19 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.57. | |
| Roughly 72.0% of the company shares are owned by institutional investors | |
| Latest headline from zacks.com: How Much Upside is Left in Perpetua Resources Wall Street Analysts Think 72.06 |
Check out Perpetua Resources Backtesting, Perpetua Resources Valuation, Perpetua Resources Correlation, Perpetua Resources Hype Analysis, Perpetua Resources Volatility, Perpetua Resources History as well as Perpetua Resources Performance. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Is Diversified Metals & Mining 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 Perpetua Resources. If investors know Perpetua 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 Perpetua Resources listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.22) | Return On Assets (0.33) | Return On Equity (0.19) |
The market value of Perpetua Resources Corp is measured differently than its book value, which is the value of Perpetua that is recorded on the company's balance sheet. Investors also form their own opinion of Perpetua Resources' value that differs from its market value or its book value, called intrinsic value, which is Perpetua Resources' 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 Perpetua Resources' market value can be influenced by many factors that don't directly affect Perpetua Resources' 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 Perpetua Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Perpetua Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Perpetua Resources' 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.