Premium Income Stock Probability of Future Stock Price Finishing Under 1.50
| PIC-A Stock | CAD 6.03 0.01 0.17% |
Premium |
Premium Income Target Price Odds to finish below 1.50
The tendency of Premium 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 C$ 1.50 or more in 90 days |
| 6.03 | 90 days | 1.50 | near 1 |
Based on a normal probability distribution, the odds of Premium Income to drop to C$ 1.50 or more in 90 days from now is near 1 (This Premium Income probability density function shows the probability of Premium Stock to fall within a particular range of prices over 90 days) . Probability of Premium Income price to stay between C$ 1.50 and its current price of C$6.03 at the end of the 90-day period is about 5.68 .
Assuming the 90 days trading horizon Premium Income has a beta of 0.51 indicating as returns on the market go up, Premium Income average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Premium Income will be expected to be much smaller as well. Additionally Premium Income 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. Premium Income Price Density |
| Price |
Predictive Modules for Premium Income
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Premium Income. 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.Premium Income Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Premium Income is not an exception. The market had few large corrections towards the Premium Income'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 Premium Income, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Premium Income within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.06 | |
β | Beta against Dow Jones | 0.51 | |
σ | Overall volatility | 0.19 | |
Ir | Information ratio | -0.04 |
Premium Income 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 Premium Income for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Premium Income can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Premium Income generated a negative expected return over the last 90 days | |
| Premium Income has a very high chance of going through financial distress in the upcoming years | |
| Premium Income has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Net Loss for the year was (32.55 M) with loss before overhead, payroll, taxes, and interest of (17.63 M). | |
| Premium Income has accumulated about 245.23 M in cash with (8.65 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 21.35, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Latest headline from news.google.com: REX launches crypto stock income ETF - Cointelegraph |
Premium Income 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 Premium Stock often depends not only on the future outlook of the current and potential Premium Income'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. Premium Income's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 14 M | |
| Cash And Short Term Investments | 6.7 M |
Premium Income Technical Analysis
Premium Income's future price can be derived by breaking down and analyzing its technical indicators over time. Premium Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Premium Income. In general, you should focus on analyzing Premium Stock price patterns and their correlations with different microeconomic environments and drivers.
Premium Income Predictive Forecast Models
Premium Income's time-series forecasting models is one of many Premium Income'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 Premium Income'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 Premium Income
Checking the ongoing alerts about Premium Income for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Premium Income help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Premium Income generated a negative expected return over the last 90 days | |
| Premium Income has a very high chance of going through financial distress in the upcoming years | |
| Premium Income has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Net Loss for the year was (32.55 M) with loss before overhead, payroll, taxes, and interest of (17.63 M). | |
| Premium Income has accumulated about 245.23 M in cash with (8.65 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 21.35, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Latest headline from news.google.com: REX launches crypto stock income ETF - Cointelegraph |
Additional Tools for Premium Stock Analysis
When running Premium Income's price analysis, check to measure Premium Income'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 Premium Income is operating at the current time. Most of Premium Income's value examination focuses on studying past and present price action to predict the probability of Premium Income's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Premium Income's price. Additionally, you may evaluate how the addition of Premium Income to your portfolios can decrease your overall portfolio volatility.