Perseus Mining (Australia) Probability of Future Stock Price Finishing Under 0.02
| PRU Stock | 2.65 0.03 1.12% |
Perseus |
Perseus Mining Target Price Odds to finish below 0.02
The tendency of Perseus 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 0.02 or more in 90 days |
| 2.65 | 90 days | 0.02 | near 1 |
Based on a normal probability distribution, the odds of Perseus Mining to drop to 0.02 or more in 90 days from now is near 1 (This Perseus Mining probability density function shows the probability of Perseus Stock to fall within a particular range of prices over 90 days) . Probability of Perseus Mining price to stay between 0.02 and its current price of 2.65 at the end of the 90-day period is about 37.82 .
Assuming the 90 days trading horizon Perseus Mining has a beta of -0.6 indicating as returns on the benchmark increase, returns on holding Perseus Mining are expected to decrease at a much lower rate. During a bear market, however, Perseus Mining is likely to outperform the market. Additionally Perseus Mining has an alpha of 0.0352, implying that it can generate a 0.0352 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Perseus Mining Price Density |
| Price |
Predictive Modules for Perseus Mining
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Perseus Mining. 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.Perseus Mining Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Perseus Mining is not an exception. The market had few large corrections towards the Perseus Mining'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 Perseus Mining, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Perseus Mining within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.04 | |
β | Beta against Dow Jones | -0.6 | |
σ | Overall volatility | 0.13 | |
Ir | Information ratio | -0.0011 |
Perseus Mining 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 Perseus Mining for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Perseus Mining can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Perseus Mining is unlikely to experience financial distress in the next 2 years | |
| About 63.0% of the company shares are owned by institutional investors | |
| Latest headline from news.google.com: Perseus Mining Boosts Share Value with Buy-Back - TipRanks |
Perseus Mining 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 Perseus Stock often depends not only on the future outlook of the current and potential Perseus Mining'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. Perseus Mining's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 1.4 B | |
| Cash And Short Term Investments | 804.9 M |
Perseus Mining Technical Analysis
Perseus Mining's future price can be derived by breaking down and analyzing its technical indicators over time. Perseus Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Perseus Mining. In general, you should focus on analyzing Perseus Stock price patterns and their correlations with different microeconomic environments and drivers.
Perseus Mining Predictive Forecast Models
Perseus Mining's time-series forecasting models is one of many Perseus Mining'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 Perseus Mining'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 Perseus Mining
Checking the ongoing alerts about Perseus Mining for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Perseus Mining help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Perseus Mining is unlikely to experience financial distress in the next 2 years | |
| About 63.0% of the company shares are owned by institutional investors | |
| Latest headline from news.google.com: Perseus Mining Boosts Share Value with Buy-Back - TipRanks |
Additional Tools for Perseus Stock Analysis
When running Perseus Mining's price analysis, check to measure Perseus Mining'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 Perseus Mining is operating at the current time. Most of Perseus Mining's value examination focuses on studying past and present price action to predict the probability of Perseus Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Perseus Mining's price. Additionally, you may evaluate how the addition of Perseus Mining to your portfolios can decrease your overall portfolio volatility.