Permrock Royalty Trust Stock Probability of Future Stock Price Finishing Over 8.78
| PRT Stock | USD 3.67 0.03 0.82% |
PermRock |
PermRock Royalty Target Price Odds to finish over 8.78
The tendency of PermRock 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 $ 8.78 or more in 90 days |
| 3.67 | 90 days | 8.78 | close to zero percent |
Based on a normal probability distribution, the odds of PermRock Royalty to move over $ 8.78 or more in 90 days from now is close to zero percent (This PermRock Royalty Trust probability density function shows the probability of PermRock Stock to fall within a particular range of prices over 90 days) . Probability of PermRock Royalty Trust price to stay between its current price of $ 3.67 and $ 8.78 at the end of the 90-day period is about 87.15 .
Considering the 90-day investment horizon PermRock Royalty has a beta of 0.86 indicating PermRock Royalty Trust market returns are related to returns on the market. As the market goes up or down, PermRock Royalty is expected to follow. Additionally PermRock Royalty Trust 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. PermRock Royalty Price Density |
| Price |
Predictive Modules for PermRock Royalty
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as PermRock Royalty Trust. 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.PermRock Royalty Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. PermRock Royalty is not an exception. The market had few large corrections towards the PermRock Royalty'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 PermRock Royalty Trust, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of PermRock Royalty within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.11 | |
β | Beta against Dow Jones | 0.86 | |
σ | Overall volatility | 0.15 | |
Ir | Information ratio | -0.06 |
PermRock Royalty 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 PermRock Royalty for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for PermRock Royalty Trust can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| PermRock Royalty generated a negative expected return over the last 90 days | |
| The company reported the last year's revenue of 7.19 M. Reported Net Loss for the year was (4.16 B) with profit before taxes, overhead, and interest of 8.14 M. | |
| PermRock Royalty Trust has about 1.85 M in cash with (4.16 B) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.18. | |
| Roughly 40.0% of the company outstanding shares are owned by corporate insiders | |
| On 15th of November 2024 PermRock Royalty paid $ 0.0302 per share dividend to its current shareholders | |
| Latest headline from simplywall.st: Returns On Capital Signal Difficult Times Ahead For PermRock Royalty Trust |
PermRock Royalty 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 PermRock Stock often depends not only on the future outlook of the current and potential PermRock Royalty'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. PermRock Royalty's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 12.2 M | |
| Cash And Short Term Investments | 1.4 M |
PermRock Royalty Technical Analysis
PermRock Royalty's future price can be derived by breaking down and analyzing its technical indicators over time. PermRock Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of PermRock Royalty Trust. In general, you should focus on analyzing PermRock Stock price patterns and their correlations with different microeconomic environments and drivers.
PermRock Royalty Predictive Forecast Models
PermRock Royalty's time-series forecasting models is one of many PermRock Royalty'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 PermRock Royalty'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 PermRock Royalty Trust
Checking the ongoing alerts about PermRock Royalty for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for PermRock Royalty Trust help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| PermRock Royalty generated a negative expected return over the last 90 days | |
| The company reported the last year's revenue of 7.19 M. Reported Net Loss for the year was (4.16 B) with profit before taxes, overhead, and interest of 8.14 M. | |
| PermRock Royalty Trust has about 1.85 M in cash with (4.16 B) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.18. | |
| Roughly 40.0% of the company outstanding shares are owned by corporate insiders | |
| On 15th of November 2024 PermRock Royalty paid $ 0.0302 per share dividend to its current shareholders | |
| Latest headline from simplywall.st: Returns On Capital Signal Difficult Times Ahead For PermRock Royalty Trust |
Additional Tools for PermRock Stock Analysis
When running PermRock Royalty's price analysis, check to measure PermRock Royalty'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 PermRock Royalty is operating at the current time. Most of PermRock Royalty's value examination focuses on studying past and present price action to predict the probability of PermRock Royalty's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move PermRock Royalty's price. Additionally, you may evaluate how the addition of PermRock Royalty to your portfolios can decrease your overall portfolio volatility.