PENN Entertainment, (Brazil) Probability of Future Stock Price Finishing Over 11.67
| P2EN34 Stock | 11.79 0.00 0.00% |
PENN |
PENN Entertainment, Target Price Odds to finish over 11.67
The tendency of PENN 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 stay above 11.67 in 90 days |
| 11.79 | 90 days | 11.67 | about 21.66 |
Based on a normal probability distribution, the odds of PENN Entertainment, to stay above 11.67 in 90 days from now is about 21.66 (This PENN Entertainment, probability density function shows the probability of PENN Stock to fall within a particular range of prices over 90 days) . Probability of PENN Entertainment, price to stay between 11.67 and its current price of 11.79 at the end of the 90-day period is nearly 4.45 .
Assuming the 90 days trading horizon PENN Entertainment, has a beta of 0.15 indicating as returns on the market go up, PENN Entertainment, average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding PENN Entertainment, will be expected to be much smaller as well. Additionally PENN Entertainment, has an alpha of 0.2705, implying that it can generate a 0.27 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). PENN Entertainment, Price Density |
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Predictive Modules for PENN Entertainment,
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as PENN Entertainment,. 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.Please note, it is not enough to conduct a financial or market analysis of a single entity such as PENN Entertainment,. Your research has to be compared to or analyzed against PENN Entertainment,'s peers to derive any actionable benefits. When done correctly, PENN Entertainment,'s competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in PENN Entertainment,.PENN Entertainment, Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. PENN Entertainment, is not an exception. The market had few large corrections towards the PENN Entertainment,'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 PENN Entertainment,, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of PENN Entertainment, within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.27 | |
β | Beta against Dow Jones | 0.15 | |
σ | Overall volatility | 0.74 | |
Ir | Information ratio | 0.16 |
PENN Entertainment, Technical Analysis
PENN Entertainment,'s future price can be derived by breaking down and analyzing its technical indicators over time. PENN Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of PENN Entertainment,. In general, you should focus on analyzing PENN Stock price patterns and their correlations with different microeconomic environments and drivers.
PENN Entertainment, Predictive Forecast Models
PENN Entertainment,'s time-series forecasting models is one of many PENN Entertainment,'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 PENN Entertainment,'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 PENN Entertainment, 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, PENN Entertainment,'s short interest history, or implied volatility extrapolated from PENN Entertainment, options trading.