Prime Road (Thailand) Probability of Future Stock Price Finishing Over 14.02
| PRIME Stock | THB 0.22 0.01 4.35% |
Prime |
Prime Road Target Price Odds to finish over 14.02
The tendency of Prime 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 14.02 or more in 90 days |
| 0.22 | 90 days | 14.02 | close to zero percent |
Based on a normal probability distribution, the odds of Prime Road to move over 14.02 or more in 90 days from now is close to zero percent (This Prime Road Power probability density function shows the probability of Prime Stock to fall within a particular range of prices over 90 days) . Probability of Prime Road Power price to stay between its current price of 0.22 and 14.02 at the end of the 90-day period is about 72.9 .
Assuming the 90 days trading horizon Prime Road Power has a beta of -1.46 indicating as returns on its benchmark rise, returns on holding Prime Road Power are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Prime Road is expected to outperform its benchmark. Additionally Prime Road Power 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. Prime Road Price Density |
| Price |
Predictive Modules for Prime Road
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Prime Road Power. 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 Prime Road's 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.
Prime Road Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Prime Road is not an exception. The market had few large corrections towards the Prime Road'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 Prime Road Power, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Prime Road within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.0033 | |
β | Beta against Dow Jones | -1.46 | |
σ | Overall volatility | 0.05 | |
Ir | Information ratio | -0.04 |
Prime Road 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 Prime Road for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Prime Road Power can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Prime Road Power generated a negative expected return over the last 90 days | |
| Prime Road Power has some characteristics of a very speculative penny stock | |
| Prime Road Power has high historical volatility and very poor performance | |
| Prime Road Power has high likelihood to experience some financial distress in the next 2 years | |
| Prime Road Power has accumulated about 41.02 M in cash with (156.41 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. | |
| Roughly 83.0% of the company outstanding shares are owned by corporate insiders |
Prime Road 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 Prime Stock often depends not only on the future outlook of the current and potential Prime Road'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. Prime Road's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 4.3 B |
Prime Road Technical Analysis
Prime Road's future price can be derived by breaking down and analyzing its technical indicators over time. Prime Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Prime Road Power. In general, you should focus on analyzing Prime Stock price patterns and their correlations with different microeconomic environments and drivers.
Prime Road Predictive Forecast Models
Prime Road's time-series forecasting models is one of many Prime Road'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 Prime Road'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 Prime Road Power
Checking the ongoing alerts about Prime Road for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Prime Road Power help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Prime Road Power generated a negative expected return over the last 90 days | |
| Prime Road Power has some characteristics of a very speculative penny stock | |
| Prime Road Power has high historical volatility and very poor performance | |
| Prime Road Power has high likelihood to experience some financial distress in the next 2 years | |
| Prime Road Power has accumulated about 41.02 M in cash with (156.41 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. | |
| Roughly 83.0% of the company outstanding shares are owned by corporate insiders |
Other Information on Investing in Prime Stock
Prime Road financial ratios help investors to determine whether Prime Stock 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 Prime with respect to the benefits of owning Prime Road security.