PERRIGO (Germany) Odds of Future Stock Price Finishing Under 0.67
| PGO Stock | 0.67 0.02 3.08% |
PERRIGO |
PERRIGO Target Price Odds to finish below 0.67
The tendency of PERRIGO 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 below current price in 90 days |
| 0.67 | 90 days | 0.67 | about 41.42 |
Based on a normal probability distribution, the odds of PERRIGO to move below current price in 90 days from now is about 41.42 (This PERRIGO probability density function shows the probability of PERRIGO Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days horizon PERRIGO has a beta of 0.46 indicating as returns on the market go up, PERRIGO average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding PERRIGO will be expected to be much smaller as well. Additionally PERRIGO 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. PERRIGO Price Density |
| Price |
Predictive Modules for PERRIGO
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as PERRIGO. 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.PERRIGO Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. PERRIGO is not an exception. The market had few large corrections towards the PERRIGO'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 PERRIGO, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of PERRIGO within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.58 | |
β | Beta against Dow Jones | 0.46 | |
σ | Overall volatility | 0.14 | |
Ir | Information ratio | -0.08 |
PERRIGO 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 PERRIGO for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for PERRIGO can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| PERRIGO generated a negative expected return over the last 90 days | |
| PERRIGO has high historical volatility and very poor performance | |
| PERRIGO has some characteristics of a very speculative penny stock |
PERRIGO Technical Analysis
PERRIGO's future price can be derived by breaking down and analyzing its technical indicators over time. PERRIGO Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of PERRIGO. In general, you should focus on analyzing PERRIGO Stock price patterns and their correlations with different microeconomic environments and drivers.
PERRIGO Predictive Forecast Models
PERRIGO's time-series forecasting models is one of many PERRIGO'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 PERRIGO'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 PERRIGO
Checking the ongoing alerts about PERRIGO for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for PERRIGO help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| PERRIGO generated a negative expected return over the last 90 days | |
| PERRIGO has high historical volatility and very poor performance | |
| PERRIGO has some characteristics of a very speculative penny stock |
Other Information on Investing in PERRIGO Stock
PERRIGO financial ratios help investors to determine whether PERRIGO 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 PERRIGO with respect to the benefits of owning PERRIGO security.