Petrochemical (Israel) Probability of Future Stock Price Finishing Under 242.04
| PTCH Stock | ILS 290.00 3.00 1.02% |
Petrochemical |
Petrochemical Target Price Odds to finish below 242.04
The tendency of Petrochemical 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 drop to S 242.04 or more in 90 days |
| 290.00 | 90 days | 242.04 | near 1 |
Based on a normal probability distribution, the odds of Petrochemical to drop to S 242.04 or more in 90 days from now is near 1 (This Petrochemical probability density function shows the probability of Petrochemical Stock to fall within a particular range of prices over 90 days) . Probability of Petrochemical price to stay between S 242.04 and its current price of S290.0 at the end of the 90-day period is about 27.77 .
Assuming the 90 days trading horizon Petrochemical has a beta of 0.0977 indicating as returns on the market go up, Petrochemical average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Petrochemical will be expected to be much smaller as well. Additionally Petrochemical has an alpha of 0.0134, implying that it can generate a 0.0134 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Petrochemical Price Density |
| Price |
Predictive Modules for Petrochemical
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Petrochemical. 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 Petrochemical'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.
Petrochemical Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Petrochemical is not an exception. The market had few large corrections towards the Petrochemical'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 Petrochemical, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Petrochemical within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.01 | |
β | Beta against NYSE Composite | 0.1 | |
σ | Overall volatility | 10.59 | |
Ir | Information ratio | -0.03 |
Petrochemical 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 Petrochemical for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Petrochemical can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Petrochemical generated a negative expected return over the last 90 days | |
| The company reported the revenue of 23.55 M. Net Loss for the year was (717.98 M) with profit before overhead, payroll, taxes, and interest of 31.27 M. | |
| Petrochemical has accumulated about 271 K in cash with (499 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.05. | |
| Roughly 49.0% of the company outstanding shares are owned by corporate insiders |
Petrochemical Technical Analysis
Petrochemical's future price can be derived by breaking down and analyzing its technical indicators over time. Petrochemical Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Petrochemical. In general, you should focus on analyzing Petrochemical Stock price patterns and their correlations with different microeconomic environments and drivers.
Petrochemical Predictive Forecast Models
Petrochemical's time-series forecasting models is one of many Petrochemical'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 Petrochemical'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 Petrochemical
Checking the ongoing alerts about Petrochemical for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Petrochemical help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Petrochemical generated a negative expected return over the last 90 days | |
| The company reported the revenue of 23.55 M. Net Loss for the year was (717.98 M) with profit before overhead, payroll, taxes, and interest of 31.27 M. | |
| Petrochemical has accumulated about 271 K in cash with (499 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.05. | |
| Roughly 49.0% of the company outstanding shares are owned by corporate insiders |
Check out Petrochemical Backtesting, Petrochemical Valuation, Petrochemical Correlation, Petrochemical Hype Analysis, Petrochemical Volatility, Petrochemical History as well as Petrochemical Performance. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Complementary Tools for Petrochemical Stock analysis
When running Petrochemical's price analysis, check to measure Petrochemical'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 Petrochemical is operating at the current time. Most of Petrochemical's value examination focuses on studying past and present price action to predict the probability of Petrochemical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Petrochemical's price. Additionally, you may evaluate how the addition of Petrochemical to your portfolios can decrease your overall portfolio volatility.
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