PTT Global (Thailand) Probability of Future Stock Price Finishing Under 23.33
| PTTGC Stock | THB 24.90 0.35 1.39% |
PTT |
PTT Global Target Price Odds to finish below 23.33
The tendency of PTT 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 23.33 or more in 90 days |
| 24.90 | 90 days | 23.33 | under 4 |
Based on a normal probability distribution, the odds of PTT Global to drop to 23.33 or more in 90 days from now is under 4 (This PTT Global Chemical probability density function shows the probability of PTT Stock to fall within a particular range of prices over 90 days) . Probability of PTT Global Chemical price to stay between 23.33 and its current price of 24.9 at the end of the 90-day period is about 12.56 .
Assuming the 90 days trading horizon PTT Global has a beta of 0.41 indicating as returns on the market go up, PTT Global average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding PTT Global Chemical will be expected to be much smaller as well. Additionally PTT Global Chemical 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. PTT Global Price Density |
| Price |
Predictive Modules for PTT Global
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as PTT Global Chemical. 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 PTT Global'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.
PTT Global Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. PTT Global is not an exception. The market had few large corrections towards the PTT Global'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 PTT Global Chemical, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of PTT Global within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.05 | |
β | Beta against Dow Jones | 0.41 | |
σ | Overall volatility | 1.95 | |
Ir | Information ratio | -0.04 |
PTT Global 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 PTT Global for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for PTT Global Chemical can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| PTT Global Chemical generated a negative expected return over the last 90 days | |
| PTT Global Chemical has high historical volatility and very poor performance | |
| The company reported the revenue of 683.95 B. Net Loss for the year was (8.75 B) with profit before overhead, payroll, taxes, and interest of 59.17 B. | |
| PTT Global Chemical has accumulated about 50.04 B in cash with (3.43 B) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 11.1. | |
| Roughly 52.0% of the company outstanding shares are owned by corporate insiders |
PTT Global 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 PTT Stock often depends not only on the future outlook of the current and potential PTT Global'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. PTT Global's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 4.5 B |
PTT Global Technical Analysis
PTT Global's future price can be derived by breaking down and analyzing its technical indicators over time. PTT Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of PTT Global Chemical. In general, you should focus on analyzing PTT Stock price patterns and their correlations with different microeconomic environments and drivers.
PTT Global Predictive Forecast Models
PTT Global's time-series forecasting models is one of many PTT Global'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 PTT Global'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 PTT Global Chemical
Checking the ongoing alerts about PTT Global for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for PTT Global Chemical help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| PTT Global Chemical generated a negative expected return over the last 90 days | |
| PTT Global Chemical has high historical volatility and very poor performance | |
| The company reported the revenue of 683.95 B. Net Loss for the year was (8.75 B) with profit before overhead, payroll, taxes, and interest of 59.17 B. | |
| PTT Global Chemical has accumulated about 50.04 B in cash with (3.43 B) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 11.1. | |
| Roughly 52.0% of the company outstanding shares are owned by corporate insiders |
Other Information on Investing in PTT Stock
PTT Global financial ratios help investors to determine whether PTT 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 PTT with respect to the benefits of owning PTT Global security.