Purmo Group (Finland) Probability of Future Stock Price Finishing Over 11.35
| PURMO Stock | 11.35 0.10 0.89% |
Purmo |
Purmo Group Target Price Odds to finish over 11.35
The tendency of Purmo 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 |
| 11.35 | 90 days | 11.35 | near 1 |
Based on a normal probability distribution, the odds of Purmo Group to move above the current price in 90 days from now is near 1 (This Purmo Group Oyj probability density function shows the probability of Purmo Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon Purmo Group Oyj has a beta of -0.0247 indicating as returns on the benchmark increase, returns on holding Purmo Group are expected to decrease at a much lower rate. During a bear market, however, Purmo Group Oyj is likely to outperform the market. Additionally Purmo Group Oyj has an alpha of 0.0122, implying that it can generate a 0.0122 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Purmo Group Price Density |
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Predictive Modules for Purmo Group
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Purmo Group Oyj. 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.Purmo Group Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Purmo Group is not an exception. The market had few large corrections towards the Purmo Group'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 Purmo Group Oyj, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Purmo Group within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.01 | |
β | Beta against Dow Jones | -0.02 | |
σ | Overall volatility | 0.08 | |
Ir | Information ratio | -0.22 |
Purmo Group 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 Purmo Group for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Purmo Group Oyj can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Purmo Group Oyj has high likelihood to experience some financial distress in the next 2 years | |
| About 87.0% of the company outstanding shares are owned by corporate insiders |
Purmo Group Technical Analysis
Purmo Group's future price can be derived by breaking down and analyzing its technical indicators over time. Purmo Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Purmo Group Oyj. In general, you should focus on analyzing Purmo Stock price patterns and their correlations with different microeconomic environments and drivers.
Purmo Group Predictive Forecast Models
Purmo Group's time-series forecasting models is one of many Purmo Group'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 Purmo Group'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 Purmo Group Oyj
Checking the ongoing alerts about Purmo Group for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Purmo Group Oyj help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Purmo Group Oyj has high likelihood to experience some financial distress in the next 2 years | |
| About 87.0% of the company outstanding shares are owned by corporate insiders |
Other Information on Investing in Purmo Stock
Purmo Group financial ratios help investors to determine whether Purmo 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 Purmo with respect to the benefits of owning Purmo Group security.