Punjab Oil (Pakistan) Probability of Future Stock Price Finishing Under 108.68
| POML Stock | 115.89 10.54 10.00% |
Punjab |
Punjab Oil Target Price Odds to finish below 108.68
The tendency of Punjab 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 108.68 or more in 90 days |
| 115.89 | 90 days | 108.68 | about 92.97 |
Based on a normal probability distribution, the odds of Punjab Oil to drop to 108.68 or more in 90 days from now is about 92.97 (This Punjab Oil Mills probability density function shows the probability of Punjab Stock to fall within a particular range of prices over 90 days) . Probability of Punjab Oil Mills price to stay between 108.68 and its current price of 115.89 at the end of the 90-day period is about 6.89 .
Assuming the 90 days trading horizon Punjab Oil Mills has a beta of -0.43 indicating as returns on the benchmark increase, returns on holding Punjab Oil are expected to decrease at a much lower rate. During a bear market, however, Punjab Oil Mills is likely to outperform the market. Additionally Punjab Oil Mills has an alpha of 0.0691, implying that it can generate a 0.0691 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Punjab Oil Price Density |
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Predictive Modules for Punjab Oil
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Punjab Oil Mills. 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.Punjab Oil Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Punjab Oil is not an exception. The market had few large corrections towards the Punjab Oil'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 Punjab Oil Mills, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Punjab Oil within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.07 | |
β | Beta against Dow Jones | -0.43 | |
σ | Overall volatility | 3.61 | |
Ir | Information ratio | -0.03 |
Punjab Oil Technical Analysis
Punjab Oil's future price can be derived by breaking down and analyzing its technical indicators over time. Punjab Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Punjab Oil Mills. In general, you should focus on analyzing Punjab Stock price patterns and their correlations with different microeconomic environments and drivers.
Punjab Oil Predictive Forecast Models
Punjab Oil's time-series forecasting models is one of many Punjab Oil'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 Punjab Oil'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 Punjab Oil 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, Punjab Oil's short interest history, or implied volatility extrapolated from Punjab Oil options trading.
Other Information on Investing in Punjab Stock
Punjab Oil financial ratios help investors to determine whether Punjab 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 Punjab with respect to the benefits of owning Punjab Oil security.