Physitrack PLC (Sweden) Probability of Future Stock Price Finishing Over 21.61
| PTRK Stock | 8.68 0.08 0.93% |
Physitrack |
Physitrack PLC Target Price Odds to finish over 21.61
The tendency of Physitrack 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 21.61 or more in 90 days |
| 8.68 | 90 days | 21.61 | near 1 |
Based on a normal probability distribution, the odds of Physitrack PLC to move over 21.61 or more in 90 days from now is near 1 (This Physitrack PLC probability density function shows the probability of Physitrack Stock to fall within a particular range of prices over 90 days) . Probability of Physitrack PLC price to stay between its current price of 8.68 and 21.61 at the end of the 90-day period is about 91.98 .
Assuming the 90 days trading horizon the stock has the beta coefficient of 1.34 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, Physitrack PLC will likely underperform. Additionally Physitrack PLC 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. Physitrack PLC Price Density |
| Price |
Predictive Modules for Physitrack PLC
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Physitrack PLC. 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.Physitrack PLC Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Physitrack PLC is not an exception. The market had few large corrections towards the Physitrack PLC'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 Physitrack PLC, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Physitrack PLC within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.6 | |
β | Beta against Dow Jones | 1.34 | |
σ | Overall volatility | 1.76 | |
Ir | Information ratio | -0.13 |
Physitrack PLC 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 Physitrack PLC for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Physitrack PLC can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Physitrack PLC generated a negative expected return over the last 90 days | |
| Physitrack PLC has high historical volatility and very poor performance | |
| Physitrack PLC has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 11.37 M. Net Loss for the year was (635.02 K) with profit before overhead, payroll, taxes, and interest of 7.81 M. | |
| About 67.0% of the company outstanding shares are owned by corporate insiders |
Physitrack PLC Technical Analysis
Physitrack PLC's future price can be derived by breaking down and analyzing its technical indicators over time. Physitrack Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Physitrack PLC. In general, you should focus on analyzing Physitrack Stock price patterns and their correlations with different microeconomic environments and drivers.
Physitrack PLC Predictive Forecast Models
Physitrack PLC's time-series forecasting models is one of many Physitrack PLC'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 Physitrack PLC'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 Physitrack PLC
Checking the ongoing alerts about Physitrack PLC for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Physitrack PLC help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Physitrack PLC generated a negative expected return over the last 90 days | |
| Physitrack PLC has high historical volatility and very poor performance | |
| Physitrack PLC has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 11.37 M. Net Loss for the year was (635.02 K) with profit before overhead, payroll, taxes, and interest of 7.81 M. | |
| About 67.0% of the company outstanding shares are owned by corporate insiders |
Additional Tools for Physitrack Stock Analysis
When running Physitrack PLC's price analysis, check to measure Physitrack PLC'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 Physitrack PLC is operating at the current time. Most of Physitrack PLC's value examination focuses on studying past and present price action to predict the probability of Physitrack PLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Physitrack PLC's price. Additionally, you may evaluate how the addition of Physitrack PLC to your portfolios can decrease your overall portfolio volatility.