Performance Shipping Stock Probability of Future Stock Price Finishing Over 1.78
| PSHG Stock | USD 1.74 0.01 0.57% |
Performance |
Performance Shipping Target Price Odds to finish over 1.78
The tendency of Performance 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 $ 1.78 or more in 90 days |
| 1.74 | 90 days | 1.78 | roughly 96.0 |
Based on a normal probability distribution, the odds of Performance Shipping to move over $ 1.78 or more in 90 days from now is roughly 96.0 (This Performance Shipping probability density function shows the probability of Performance Stock to fall within a particular range of prices over 90 days) . Probability of Performance Shipping price to stay between its current price of $ 1.74 and $ 1.78 at the end of the 90-day period is roughly 2.53 .
Given the investment horizon of 90 days Performance Shipping has a beta of -0.14 indicating as returns on the benchmark increase, returns on holding Performance Shipping are expected to decrease at a much lower rate. During a bear market, however, Performance Shipping is likely to outperform the market. Additionally Performance Shipping 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. Performance Shipping Price Density |
| Price |
Predictive Modules for Performance Shipping
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Performance Shipping. 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.Performance Shipping Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Performance Shipping is not an exception. The market had few large corrections towards the Performance Shipping'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 Performance Shipping, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Performance Shipping within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.17 | |
β | Beta against Dow Jones | -0.14 | |
σ | Overall volatility | 0.08 | |
Ir | Information ratio | -0.15 |
Performance Shipping 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 Performance Shipping for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Performance Shipping can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Performance Shipping generated a negative expected return over the last 90 days | |
| Performance Shipping may become a speculative penny stock | |
| Performance Shipping is unlikely to experience financial distress in the next 2 years | |
| Latest headline from gurufocus.com: Performance Shipping Inc. Secures Time Charter Contract with Oil Major at US33,500 Per Day for ... |
Performance Shipping 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 Performance Stock often depends not only on the future outlook of the current and potential Performance Shipping'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. Performance Shipping's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 35.5 M | |
| Cash And Short Term Investments | 67.3 M |
Performance Shipping Technical Analysis
Performance Shipping's future price can be derived by breaking down and analyzing its technical indicators over time. Performance Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Performance Shipping. In general, you should focus on analyzing Performance Stock price patterns and their correlations with different microeconomic environments and drivers.
Performance Shipping Predictive Forecast Models
Performance Shipping's time-series forecasting models is one of many Performance Shipping'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 Performance Shipping'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 Performance Shipping
Checking the ongoing alerts about Performance Shipping for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Performance Shipping help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Performance Shipping generated a negative expected return over the last 90 days | |
| Performance Shipping may become a speculative penny stock | |
| Performance Shipping is unlikely to experience financial distress in the next 2 years | |
| Latest headline from gurufocus.com: Performance Shipping Inc. Secures Time Charter Contract with Oil Major at US33,500 Per Day for ... |
Check out Performance Shipping Backtesting, Performance Shipping Valuation, Performance Shipping Correlation, Performance Shipping Hype Analysis, Performance Shipping Volatility, Performance Shipping History as well as Performance Shipping Performance. For more detail on how to invest in Performance Stock please use our How to Invest in Performance Shipping guide.You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Is Marine Transportation 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 Performance Shipping. If investors know Performance 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 Performance Shipping 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 0.179 | Earnings Share 1.53 | Revenue Per Share 7.294 | Quarterly Revenue Growth (0.05) | Return On Assets 0.0833 |
The market value of Performance Shipping is measured differently than its book value, which is the value of Performance that is recorded on the company's balance sheet. Investors also form their own opinion of Performance Shipping's value that differs from its market value or its book value, called intrinsic value, which is Performance Shipping'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 Performance Shipping's market value can be influenced by many factors that don't directly affect Performance Shipping'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 Performance Shipping's value and its price as these two are different measures arrived at by different means. Investors typically determine if Performance Shipping is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Performance Shipping'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.