Pennantpark Floating Rate Stock Probability of Future Stock Price Finishing Under 10.87
| PFLT Stock | USD 10.83 0.03 0.28% |
PennantPark |
PennantPark Floating Target Price Odds to finish below 10.87
The tendency of PennantPark 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 under $ 10.87 after 90 days |
| 10.83 | 90 days | 10.87 | about 18.88 |
Based on a normal probability distribution, the odds of PennantPark Floating to stay under $ 10.87 after 90 days from now is about 18.88 (This PennantPark Floating Rate probability density function shows the probability of PennantPark Stock to fall within a particular range of prices over 90 days) . Probability of PennantPark Floating Rate price to stay between its current price of $ 10.83 and $ 10.87 at the end of the 90-day period is nearly 4.39 .
Given the investment horizon of 90 days PennantPark Floating has a beta of 0.27 indicating as returns on the market go up, PennantPark Floating average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding PennantPark Floating Rate will be expected to be much smaller as well. Additionally PennantPark Floating Rate 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. PennantPark Floating Price Density |
| Price |
Predictive Modules for PennantPark Floating
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as PennantPark Floating Rate. 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.PennantPark Floating Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. PennantPark Floating is not an exception. The market had few large corrections towards the PennantPark Floating'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 PennantPark Floating Rate, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of PennantPark Floating within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.05 | |
β | Beta against Dow Jones | 0.27 | |
σ | Overall volatility | 0.23 | |
Ir | Information ratio | -0.08 |
PennantPark Floating 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 PennantPark Floating for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for PennantPark Floating Rate can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| PennantPark Floating generated a negative expected return over the last 90 days | |
| PennantPark Floating Rate currently holds about 40.62 M in cash with (801.38 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.98. | |
| On 2nd of December 2024 PennantPark Floating paid $ 0.1025 per share dividend to its current shareholders | |
| Latest headline from seekingalpha.com: PennantPark Floating Rate Capital upsizes credit facility to 736M |
PennantPark Floating 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 PennantPark Stock often depends not only on the future outlook of the current and potential PennantPark Floating'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. PennantPark Floating's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 65.7 M | |
| Cash And Short Term Investments | 112 M |
PennantPark Floating Technical Analysis
PennantPark Floating's future price can be derived by breaking down and analyzing its technical indicators over time. PennantPark Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of PennantPark Floating Rate. In general, you should focus on analyzing PennantPark Stock price patterns and their correlations with different microeconomic environments and drivers.
PennantPark Floating Predictive Forecast Models
PennantPark Floating's time-series forecasting models is one of many PennantPark Floating'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 PennantPark Floating'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 PennantPark Floating Rate
Checking the ongoing alerts about PennantPark Floating for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for PennantPark Floating Rate help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| PennantPark Floating generated a negative expected return over the last 90 days | |
| PennantPark Floating Rate currently holds about 40.62 M in cash with (801.38 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.98. | |
| On 2nd of December 2024 PennantPark Floating paid $ 0.1025 per share dividend to its current shareholders | |
| Latest headline from seekingalpha.com: PennantPark Floating Rate Capital upsizes credit facility to 736M |
Additional Tools for PennantPark Stock Analysis
When running PennantPark Floating's price analysis, check to measure PennantPark Floating'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 PennantPark Floating is operating at the current time. Most of PennantPark Floating's value examination focuses on studying past and present price action to predict the probability of PennantPark Floating's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move PennantPark Floating's price. Additionally, you may evaluate how the addition of PennantPark Floating to your portfolios can decrease your overall portfolio volatility.