Permsin Steel (Thailand) Probability of Future Stock Price Finishing Over 0.64
| PERM Stock | THB 0.62 0.02 3.13% |
Permsin |
Permsin Steel Target Price Odds to finish over 0.64
The tendency of Permsin 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 move over 0.64 or more in 90 days |
| 0.62 | 90 days | 0.64 | roughly 97.0 |
Based on a normal probability distribution, the odds of Permsin Steel to move over 0.64 or more in 90 days from now is roughly 97.0 (This Permsin Steel Works probability density function shows the probability of Permsin Stock to fall within a particular range of prices over 90 days) . Probability of Permsin Steel Works price to stay between its current price of 0.62 and 0.64 at the end of the 90-day period is about 1.71 .
Assuming the 90 days trading horizon Permsin Steel Works has a beta of -0.22 indicating as returns on the benchmark increase, returns on holding Permsin Steel are expected to decrease at a much lower rate. During a bear market, however, Permsin Steel Works is likely to outperform the market. Additionally Permsin Steel Works 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. Permsin Steel Price Density |
| Price |
Predictive Modules for Permsin Steel
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Permsin Steel Works. 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.Permsin Steel Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Permsin Steel is not an exception. The market had few large corrections towards the Permsin Steel'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 Permsin Steel Works, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Permsin Steel within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.2 | |
β | Beta against Dow Jones | -0.22 | |
σ | Overall volatility | 0.06 | |
Ir | Information ratio | -0.13 |
Permsin Steel 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 Permsin Steel for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Permsin Steel Works can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Permsin Steel Works generated a negative expected return over the last 90 days | |
| Permsin Steel Works has some characteristics of a very speculative penny stock | |
| Permsin Steel Works has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Permsin Steel Works has accumulated about 361.11 M in cash with (739.69 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.48. | |
| Roughly 39.0% of the company outstanding shares are owned by corporate insiders |
Permsin Steel 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 Permsin Stock often depends not only on the future outlook of the current and potential Permsin Steel'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. Permsin Steel's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 750 M |
Permsin Steel Technical Analysis
Permsin Steel's future price can be derived by breaking down and analyzing its technical indicators over time. Permsin Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Permsin Steel Works. In general, you should focus on analyzing Permsin Stock price patterns and their correlations with different microeconomic environments and drivers.
Permsin Steel Predictive Forecast Models
Permsin Steel's time-series forecasting models is one of many Permsin Steel'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 Permsin Steel'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 Permsin Steel Works
Checking the ongoing alerts about Permsin Steel for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Permsin Steel Works help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Permsin Steel Works generated a negative expected return over the last 90 days | |
| Permsin Steel Works has some characteristics of a very speculative penny stock | |
| Permsin Steel Works has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Permsin Steel Works has accumulated about 361.11 M in cash with (739.69 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.48. | |
| Roughly 39.0% of the company outstanding shares are owned by corporate insiders |
Other Information on Investing in Permsin Stock
Permsin Steel financial ratios help investors to determine whether Permsin 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 Permsin with respect to the benefits of owning Permsin Steel security.