PRECISION DRILLING (Germany) Probability of Future Stock Price Finishing Under 58.5
| PRE1 Stock | EUR 58.50 2.50 4.10% |
PRECISION |
PRECISION DRILLING Target Price Odds to finish below 58.5
The tendency of PRECISION 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 below current price in 90 days |
| 58.50 | 90 days | 58.50 | about 58.56 |
Based on a normal probability distribution, the odds of PRECISION DRILLING to move below current price in 90 days from now is about 58.56 (This PRECISION DRILLING P probability density function shows the probability of PRECISION Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon PRECISION DRILLING P has a beta of -0.11 indicating as returns on the benchmark increase, returns on holding PRECISION DRILLING are expected to decrease at a much lower rate. During a bear market, however, PRECISION DRILLING P is likely to outperform the market. Additionally PRECISION DRILLING P 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. PRECISION DRILLING Price Density |
| Price |
Predictive Modules for PRECISION DRILLING
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as PRECISION DRILLING. 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.PRECISION DRILLING Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. PRECISION DRILLING is not an exception. The market had few large corrections towards the PRECISION DRILLING'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 PRECISION DRILLING P, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of PRECISION DRILLING within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.1 | |
β | Beta against Dow Jones | -0.11 | |
σ | Overall volatility | 3.20 | |
Ir | Information ratio | -0.09 |
PRECISION DRILLING 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 PRECISION DRILLING for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for PRECISION DRILLING can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| PRECISION DRILLING generated a negative expected return over the last 90 days | |
| The company reported the revenue of 1.4 B. Net Loss for the year was (150.97 M) with profit before overhead, payroll, taxes, and interest of 267.7 M. |
PRECISION DRILLING Technical Analysis
PRECISION DRILLING's future price can be derived by breaking down and analyzing its technical indicators over time. PRECISION Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of PRECISION DRILLING P. In general, you should focus on analyzing PRECISION Stock price patterns and their correlations with different microeconomic environments and drivers.
PRECISION DRILLING Predictive Forecast Models
PRECISION DRILLING's time-series forecasting models is one of many PRECISION DRILLING'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 PRECISION DRILLING'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 PRECISION DRILLING
Checking the ongoing alerts about PRECISION DRILLING for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for PRECISION DRILLING help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| PRECISION DRILLING generated a negative expected return over the last 90 days | |
| The company reported the revenue of 1.4 B. Net Loss for the year was (150.97 M) with profit before overhead, payroll, taxes, and interest of 267.7 M. |
Other Information on Investing in PRECISION Stock
PRECISION DRILLING financial ratios help investors to determine whether PRECISION 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 PRECISION with respect to the benefits of owning PRECISION DRILLING security.