Pro Dex Stock Odds of Future Stock Price Finishing Under 27.34
| PDEX Stock | USD 49.70 2.38 5.03% |
Pro |
Pro Dex Target Price Odds to finish below 27.34
The tendency of Pro 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 $ 27.34 or more in 90 days |
| 49.70 | 90 days | 27.34 | about 18.87 |
Based on a normal probability distribution, the odds of Pro Dex to drop to $ 27.34 or more in 90 days from now is about 18.87 (This Pro Dex probability density function shows the probability of Pro Stock to fall within a particular range of prices over 90 days) . Probability of Pro Dex price to stay between $ 27.34 and its current price of $49.7 at the end of the 90-day period is about 73.25 .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.17 indicating as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Pro Dex will likely underperform. Additionally Pro Dex has an alpha of 0.9805, implying that it can generate a 0.98 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Pro Dex Price Density |
| Price |
Predictive Modules for Pro Dex
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Pro Dex. 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 Pro Dex'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.
Pro Dex Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Pro Dex is not an exception. The market had few large corrections towards the Pro Dex'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 Pro Dex, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Pro Dex within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.98 | |
β | Beta against Dow Jones | 1.17 | |
σ | Overall volatility | 9.73 | |
Ir | Information ratio | 0.17 |
Pro Dex 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 Pro Dex for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Pro Dex can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Pro Dex is way too risky over 90 days horizon | |
| Pro Dex appears to be risky and price may revert if volatility continues | |
| Pro Dex has a strong financial position based on the latest SEC filings | |
| About 36.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from MacroaxisInsider: Disposition of 5800 shares by Domingo Angelita Rebamontan of Pro Dex subject to Rule 16b-3 |
Pro Dex 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 Pro Stock often depends not only on the future outlook of the current and potential Pro Dex'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. Pro Dex's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 3.6 M | |
| Cash And Short Term Investments | 6.8 M |
Pro Dex Technical Analysis
Pro Dex's future price can be derived by breaking down and analyzing its technical indicators over time. Pro Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Pro Dex. In general, you should focus on analyzing Pro Stock price patterns and their correlations with different microeconomic environments and drivers.
Pro Dex Predictive Forecast Models
Pro Dex's time-series forecasting models is one of many Pro Dex'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 Pro Dex'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 Pro Dex
Checking the ongoing alerts about Pro Dex for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Pro Dex help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Pro Dex is way too risky over 90 days horizon | |
| Pro Dex appears to be risky and price may revert if volatility continues | |
| Pro Dex has a strong financial position based on the latest SEC filings | |
| About 36.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from MacroaxisInsider: Disposition of 5800 shares by Domingo Angelita Rebamontan of Pro Dex subject to Rule 16b-3 |
Additional Tools for Pro Stock Analysis
When running Pro Dex's price analysis, check to measure Pro Dex'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 Pro Dex is operating at the current time. Most of Pro Dex's value examination focuses on studying past and present price action to predict the probability of Pro Dex's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pro Dex's price. Additionally, you may evaluate how the addition of Pro Dex to your portfolios can decrease your overall portfolio volatility.