Progress Software Stock Probability of Future Stock Price Finishing Under 64.68
| PRGS Stock | USD 68.41 0.85 1.26% |
Progress |
Progress Software Target Price Odds to finish below 64.68
The tendency of Progress 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 $ 64.68 or more in 90 days |
| 68.41 | 90 days | 64.68 | about 59.17 |
Based on a normal probability distribution, the odds of Progress Software to drop to $ 64.68 or more in 90 days from now is about 59.17 (This Progress Software probability density function shows the probability of Progress Stock to fall within a particular range of prices over 90 days) . Probability of Progress Software price to stay between $ 64.68 and its current price of $68.41 at the end of the 90-day period is about 27.51 .
Given the investment horizon of 90 days Progress Software has a beta of 0.66 indicating as returns on the market go up, Progress Software average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Progress Software will be expected to be much smaller as well. Additionally Progress Software has an alpha of 0.1717, implying that it can generate a 0.17 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Progress Software Price Density |
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Predictive Modules for Progress Software
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Progress Software. 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.Progress Software Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Progress Software is not an exception. The market had few large corrections towards the Progress Software'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 Progress Software, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Progress Software within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.17 | |
β | Beta against Dow Jones | 0.66 | |
σ | Overall volatility | 4.22 | |
Ir | Information ratio | 0.07 |
Progress Software 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 Progress Software for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Progress Software can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Over 99.0% of the company shares are owned by institutional investors | |
| Latest headline from gurufocus.com: Progress Unveils Q4 2024 Release for Telerik and Kendo UI, Breaking New Ground in ... |
Progress Software 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 Progress Stock often depends not only on the future outlook of the current and potential Progress Software'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. Progress Software's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 44.7 M | |
| Cash And Short Term Investments | 127 M |
Progress Software Technical Analysis
Progress Software's future price can be derived by breaking down and analyzing its technical indicators over time. Progress Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Progress Software. In general, you should focus on analyzing Progress Stock price patterns and their correlations with different microeconomic environments and drivers.
Progress Software Predictive Forecast Models
Progress Software's time-series forecasting models is one of many Progress Software'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 Progress Software'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 Progress Software
Checking the ongoing alerts about Progress Software for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Progress Software help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Over 99.0% of the company shares are owned by institutional investors | |
| Latest headline from gurufocus.com: Progress Unveils Q4 2024 Release for Telerik and Kendo UI, Breaking New Ground in ... |
Additional Tools for Progress Stock Analysis
When running Progress Software's price analysis, check to measure Progress Software's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Progress Software is operating at the current time. Most of Progress Software's value examination focuses on studying past and present price action to predict the probability of Progress Software's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Progress Software's price. Additionally, you may evaluate how the addition of Progress Software to your portfolios can decrease your overall portfolio volatility.