Penn National Gaming Probability of Future Bond Price Finishing Over 96.79
| 707569AS8 | 95.63 3.54 3.57% |
707569AS8 |
707569AS8 Target Price Odds to finish over 96.79
The tendency of 707569AS8 Bond 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 96.79 or more in 90 days |
| 95.63 | 90 days | 96.79 | about 84.7 |
Based on a normal probability distribution, the odds of 707569AS8 to move over 96.79 or more in 90 days from now is about 84.7 (This Penn National Gaming probability density function shows the probability of 707569AS8 Bond to fall within a particular range of prices over 90 days) . Probability of Penn National Gaming price to stay between its current price of 95.63 and 96.79 at the end of the 90-day period is about 12.66 .
Assuming the 90 days trading horizon 707569AS8 has a beta of 0.32. This usually implies as returns on the market go up, 707569AS8 average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Penn National Gaming will be expected to be much smaller as well. Additionally Penn National Gaming 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. 707569AS8 Price Density |
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Predictive Modules for 707569AS8
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Penn National Gaming. Regardless of method or technology, however, to accurately forecast the bond market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the bond 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.707569AS8 Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. 707569AS8 is not an exception. The market had few large corrections towards the 707569AS8'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 Penn National Gaming, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of 707569AS8 within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.06 | |
β | Beta against Dow Jones | 0.32 | |
σ | Overall volatility | 1.27 | |
Ir | Information ratio | -0.11 |
707569AS8 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 707569AS8 for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Penn National Gaming can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Penn National Gaming generated a negative expected return over the last 90 days |
707569AS8 Technical Analysis
707569AS8's future price can be derived by breaking down and analyzing its technical indicators over time. 707569AS8 Bond technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Penn National Gaming. In general, you should focus on analyzing 707569AS8 Bond price patterns and their correlations with different microeconomic environments and drivers.
707569AS8 Predictive Forecast Models
707569AS8's time-series forecasting models is one of many 707569AS8's bond 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 707569AS8'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 bond market movement and maximize returns from investment trading.
Things to note about Penn National Gaming
Checking the ongoing alerts about 707569AS8 for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Penn National Gaming help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Penn National Gaming generated a negative expected return over the last 90 days |
Other Information on Investing in 707569AS8 Bond
707569AS8 financial ratios help investors to determine whether 707569AS8 Bond 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 707569AS8 with respect to the benefits of owning 707569AS8 security.