Perrigo Company Plc Stock Probability of Future Stock Price Finishing Over 37.40
| PRGO Stock | USD 27.59 0.35 1.25% |
Perrigo |
Perrigo Company Target Price Odds to finish over 37.40
The tendency of Perrigo 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 over $ 37.40 or more in 90 days |
| 27.59 | 90 days | 37.40 | near 1 |
Based on a normal probability distribution, the odds of Perrigo Company to move over $ 37.40 or more in 90 days from now is near 1 (This Perrigo Company PLC probability density function shows the probability of Perrigo Stock to fall within a particular range of prices over 90 days) . Probability of Perrigo Company price to stay between its current price of $ 27.59 and $ 37.40 at the end of the 90-day period is about 16.75 .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.37 indicating as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Perrigo Company will likely underperform. Additionally Perrigo Company PLC 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. Perrigo Company Price Density |
| Price |
Predictive Modules for Perrigo Company
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Perrigo Company. 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.Perrigo Company Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Perrigo Company is not an exception. The market had few large corrections towards the Perrigo Company'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 Perrigo Company PLC, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Perrigo Company within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.08 | |
β | Beta against Dow Jones | 1.37 | |
σ | Overall volatility | 1.40 | |
Ir | Information ratio | -0.02 |
Perrigo Company 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 Perrigo Company for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Perrigo Company can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| The company reported the previous year's revenue of 4.66 B. Net Loss for the year was (12.7 M) with profit before overhead, payroll, taxes, and interest of 1.46 B. | |
| Latest headline from gurufocus.com: Insider Sell Jeffrey Kindler Sells Shares of Perrigo Co PLC |
Perrigo Company 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 Perrigo Stock often depends not only on the future outlook of the current and potential Perrigo Company'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. Perrigo Company's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 135.3 M | |
| Cash And Short Term Investments | 751.3 M |
Perrigo Company Technical Analysis
Perrigo Company's future price can be derived by breaking down and analyzing its technical indicators over time. Perrigo Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Perrigo Company PLC. In general, you should focus on analyzing Perrigo Stock price patterns and their correlations with different microeconomic environments and drivers.
Perrigo Company Predictive Forecast Models
Perrigo Company's time-series forecasting models is one of many Perrigo Company'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 Perrigo Company'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 Perrigo Company
Checking the ongoing alerts about Perrigo Company for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Perrigo Company help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| The company reported the previous year's revenue of 4.66 B. Net Loss for the year was (12.7 M) with profit before overhead, payroll, taxes, and interest of 1.46 B. | |
| Latest headline from gurufocus.com: Insider Sell Jeffrey Kindler Sells Shares of Perrigo Co PLC |
Check out Perrigo Company Backtesting, Perrigo Company Valuation, Perrigo Company Correlation, Perrigo Company Hype Analysis, Perrigo Company Volatility, Perrigo Company History as well as Perrigo Company Performance. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Is Pharmaceuticals space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Perrigo Company. If investors know Perrigo will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Perrigo Company listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.64) | Dividend Share 1.101 | Earnings Share (1.07) | Revenue Per Share 32.088 | Quarterly Revenue Growth (0.03) |
The market value of Perrigo Company is measured differently than its book value, which is the value of Perrigo that is recorded on the company's balance sheet. Investors also form their own opinion of Perrigo Company's value that differs from its market value or its book value, called intrinsic value, which is Perrigo Company's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Perrigo Company's market value can be influenced by many factors that don't directly affect Perrigo Company's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Perrigo Company's value and its price as these two are different measures arrived at by different means. Investors typically determine if Perrigo Company is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Perrigo Company's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.