PROVIDENCE HEALTH SVCS Probability of Future Bond Price Finishing Under 77.27
| 743756AE8 | 79.10 0.00 0.00% |
PROVIDENCE |
PROVIDENCE Target Price Odds to finish below 77.27
The tendency of PROVIDENCE 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 drop to 77.27 or more in 90 days |
| 79.10 | 90 days | 77.27 | about 48.97 |
Based on a normal probability distribution, the odds of PROVIDENCE to drop to 77.27 or more in 90 days from now is about 48.97 (This PROVIDENCE HEALTH SVCS probability density function shows the probability of PROVIDENCE Bond to fall within a particular range of prices over 90 days) . Probability of PROVIDENCE HEALTH SVCS price to stay between 77.27 and its current price of 79.1 at the end of the 90-day period is about 24.54 .
Assuming the 90 days trading horizon PROVIDENCE has a beta of 0.0432. This usually implies as returns on the market go up, PROVIDENCE average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding PROVIDENCE HEALTH SVCS will be expected to be much smaller as well. Additionally PROVIDENCE HEALTH SVCS has an alpha of 0.0124, implying that it can generate a 0.0124 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). PROVIDENCE Price Density |
| Price |
Predictive Modules for PROVIDENCE
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as PROVIDENCE HEALTH SVCS. 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.PROVIDENCE Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. PROVIDENCE is not an exception. The market had few large corrections towards the PROVIDENCE'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 PROVIDENCE HEALTH SVCS, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of PROVIDENCE within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.01 | |
β | Beta against Dow Jones | 0.04 | |
σ | Overall volatility | 2.79 | |
Ir | Information ratio | -0.05 |
PROVIDENCE 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 PROVIDENCE for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for PROVIDENCE HEALTH SVCS can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| PROVIDENCE generated a negative expected return over the last 90 days |
PROVIDENCE Technical Analysis
PROVIDENCE's future price can be derived by breaking down and analyzing its technical indicators over time. PROVIDENCE Bond technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of PROVIDENCE HEALTH SVCS. In general, you should focus on analyzing PROVIDENCE Bond price patterns and their correlations with different microeconomic environments and drivers.
PROVIDENCE Predictive Forecast Models
PROVIDENCE's time-series forecasting models is one of many PROVIDENCE'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 PROVIDENCE'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 PROVIDENCE HEALTH SVCS
Checking the ongoing alerts about PROVIDENCE for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for PROVIDENCE HEALTH SVCS help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| PROVIDENCE generated a negative expected return over the last 90 days |
Other Information on Investing in PROVIDENCE Bond
PROVIDENCE financial ratios help investors to determine whether PROVIDENCE 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 PROVIDENCE with respect to the benefits of owning PROVIDENCE security.