PPG INDUSTRIES (Germany) Probability of Future Stock Price Finishing Under 110.22
| PPQ Stock | EUR 117.50 0.35 0.30% |
PPG |
PPG INDUSTRIES Target Price Odds to finish below 110.22
The tendency of PPG 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 € 110.22 or more in 90 days |
| 117.50 | 90 days | 110.22 | near 1 |
Based on a normal probability distribution, the odds of PPG INDUSTRIES to drop to € 110.22 or more in 90 days from now is near 1 (This PPG INDUSTRIES probability density function shows the probability of PPG Stock to fall within a particular range of prices over 90 days) . Probability of PPG INDUSTRIES price to stay between € 110.22 and its current price of €117.5 at the end of the 90-day period is about 75.87 .
Assuming the 90 days trading horizon PPG INDUSTRIES has a beta of -0.002 indicating as returns on the benchmark increase, returns on holding PPG INDUSTRIES are expected to decrease at a much lower rate. During a bear market, however, PPG INDUSTRIES is likely to outperform the market. Additionally PPG INDUSTRIES 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. PPG INDUSTRIES Price Density |
| Price |
Predictive Modules for PPG INDUSTRIES
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as PPG INDUSTRIES. 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.PPG INDUSTRIES Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. PPG INDUSTRIES is not an exception. The market had few large corrections towards the PPG INDUSTRIES'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 PPG INDUSTRIES, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of PPG INDUSTRIES within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.02 | |
β | Beta against Dow Jones | -0.002 | |
σ | Overall volatility | 2.38 | |
Ir | Information ratio | -0.04 |
PPG INDUSTRIES 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 PPG Stock often depends not only on the future outlook of the current and potential PPG INDUSTRIES'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. PPG INDUSTRIES's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 235.1 M | |
| Short Long Term Debt | 313 M |
PPG INDUSTRIES Technical Analysis
PPG INDUSTRIES's future price can be derived by breaking down and analyzing its technical indicators over time. PPG Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of PPG INDUSTRIES. In general, you should focus on analyzing PPG Stock price patterns and their correlations with different microeconomic environments and drivers.
PPG INDUSTRIES Predictive Forecast Models
PPG INDUSTRIES's time-series forecasting models is one of many PPG INDUSTRIES'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 PPG INDUSTRIES'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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards PPG INDUSTRIES in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, PPG INDUSTRIES's short interest history, or implied volatility extrapolated from PPG INDUSTRIES options trading.
Additional Tools for PPG Stock Analysis
When running PPG INDUSTRIES's price analysis, check to measure PPG INDUSTRIES'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 PPG INDUSTRIES is operating at the current time. Most of PPG INDUSTRIES's value examination focuses on studying past and present price action to predict the probability of PPG INDUSTRIES's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move PPG INDUSTRIES's price. Additionally, you may evaluate how the addition of PPG INDUSTRIES to your portfolios can decrease your overall portfolio volatility.