Press Metal (Malaysia) Probability of Future Stock Price Finishing Over 6.94
| 8869 Stock | 4.93 0.03 0.60% |
Press |
Press Metal Target Price Odds to finish over 6.94
The tendency of Press 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 6.94 or more in 90 days |
| 4.93 | 90 days | 6.94 | close to zero percent |
Based on a normal probability distribution, the odds of Press Metal to move over 6.94 or more in 90 days from now is close to zero percent (This Press Metal Bhd probability density function shows the probability of Press Stock to fall within a particular range of prices over 90 days) . Probability of Press Metal Bhd price to stay between its current price of 4.93 and 6.94 at the end of the 90-day period is about 19.08 .
Assuming the 90 days trading horizon Press Metal Bhd has a beta of -0.62. This suggests as returns on the benchmark increase, returns on holding Press Metal are expected to decrease at a much lower rate. During a bear market, however, Press Metal Bhd is likely to outperform the market. Additionally Press Metal Bhd has an alpha of 0.1382, implying that it can generate a 0.14 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Press Metal Price Density |
| Price |
Predictive Modules for Press Metal
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Press Metal Bhd. 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.Press Metal Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Press Metal is not an exception. The market had few large corrections towards the Press Metal'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 Press Metal Bhd, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Press Metal within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.14 | |
β | Beta against Dow Jones | -0.62 | |
σ | Overall volatility | 0.16 | |
Ir | Information ratio | -0.02 |
Press Metal Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Press Stock often depends not only on the future outlook of the current and potential Press Metal's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Press Metal's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 8.1 B | |
| Cash And Short Term Investments | 440.4 M |
Press Metal Technical Analysis
Press Metal's future price can be derived by breaking down and analyzing its technical indicators over time. Press Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Press Metal Bhd. In general, you should focus on analyzing Press Stock price patterns and their correlations with different microeconomic environments and drivers.
Press Metal Predictive Forecast Models
Press Metal's time-series forecasting models is one of many Press Metal'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 Press Metal'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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Press Metal in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Press Metal's short interest history, or implied volatility extrapolated from Press Metal options trading.
Other Information on Investing in Press Stock
Press Metal financial ratios help investors to determine whether Press 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 Press with respect to the benefits of owning Press Metal security.