PGT Innovations Probability of Future Stock Price Finishing Under 23.36
| PGTIDelisted Stock | USD 27.95 0.05 0.18% |
PGT |
PGT Innovations Target Price Odds to finish below 23.36
The tendency of PGT 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 $ 23.36 or more in 90 days |
| 27.95 | 90 days | 23.36 | near 1 |
Based on a normal probability distribution, the odds of PGT Innovations to drop to $ 23.36 or more in 90 days from now is near 1 (This PGT Innovations probability density function shows the probability of PGT Stock to fall within a particular range of prices over 90 days) . Probability of PGT Innovations price to stay between $ 23.36 and its current price of $27.95 at the end of the 90-day period is about 77.88 .
Given the investment horizon of 90 days PGT Innovations has a beta of 0.24 indicating as returns on the market go up, PGT Innovations average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding PGT Innovations will be expected to be much smaller as well. Additionally PGT Innovations has an alpha of 0.0799, implying that it can generate a 0.0799 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). PGT Innovations Price Density |
| Price |
Predictive Modules for PGT Innovations
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as PGT Innovations. 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 PGT Innovations' 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.
PGT Innovations Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. PGT Innovations is not an exception. The market had few large corrections towards the PGT Innovations' 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 PGT Innovations, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of PGT Innovations within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.08 | |
β | Beta against Dow Jones | 0.24 | |
σ | Overall volatility | 1.32 | |
Ir | Information ratio | -0.0099 |
PGT Innovations 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 PGT Innovations for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for PGT Innovations can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| PGT Innovations is not yet fully synchronised with the market data | |
| PGT Innovations has a very high chance of going through financial distress in the upcoming years | |
| Over 85.0% of the company shares are owned by institutional investors |
PGT Innovations 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 PGT Stock often depends not only on the future outlook of the current and potential PGT Innovations' 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. PGT Innovations' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 58.7 M | |
| Cash And Short Term Investments | 32.7 M |
PGT Innovations Technical Analysis
PGT Innovations' future price can be derived by breaking down and analyzing its technical indicators over time. PGT Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of PGT Innovations. In general, you should focus on analyzing PGT Stock price patterns and their correlations with different microeconomic environments and drivers.
PGT Innovations Predictive Forecast Models
PGT Innovations' time-series forecasting models is one of many PGT Innovations' 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 PGT Innovations' 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 PGT Innovations
Checking the ongoing alerts about PGT Innovations for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for PGT Innovations help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| PGT Innovations is not yet fully synchronised with the market data | |
| PGT Innovations has a very high chance of going through financial distress in the upcoming years | |
| Over 85.0% of the company shares are owned by institutional investors |
Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Other Consideration for investing in PGT Stock
If you are still planning to invest in PGT Innovations check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the PGT Innovations' history and understand the potential risks before investing.
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