Primary Health (South Africa) Probability of Future Stock Price Finishing Over 2342.00
| PHP Stock | 2,342 72.00 3.17% |
Primary |
Primary Health Target Price Odds to finish over 2342.00
The tendency of Primary 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 above the current price in 90 days |
| 2,342 | 90 days | 2,342 | about 74.44 |
Based on a normal probability distribution, the odds of Primary Health to move above the current price in 90 days from now is about 74.44 (This Primary Health Prop probability density function shows the probability of Primary Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon Primary Health has a beta of 0.17 indicating as returns on the market go up, Primary Health average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Primary Health Prop will be expected to be much smaller as well. Additionally Primary Health Prop has an alpha of 0.0218, implying that it can generate a 0.0218 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Primary Health Price Density |
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Predictive Modules for Primary Health
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Primary Health Prop. 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.Primary Health Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Primary Health is not an exception. The market had few large corrections towards the Primary Health'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 Primary Health Prop, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Primary Health within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.02 | |
β | Beta against Dow Jones | 0.17 | |
σ | Overall volatility | 62.86 | |
Ir | Information ratio | -0.03 |
Primary Health 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 Primary Health for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Primary Health Prop can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Primary Health Prop generated a negative expected return over the last 90 days |
Primary Health Technical Analysis
Primary Health's future price can be derived by breaking down and analyzing its technical indicators over time. Primary Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Primary Health Prop. In general, you should focus on analyzing Primary Stock price patterns and their correlations with different microeconomic environments and drivers.
Primary Health Predictive Forecast Models
Primary Health's time-series forecasting models is one of many Primary Health'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 Primary Health'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 Primary Health Prop
Checking the ongoing alerts about Primary Health for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Primary Health Prop help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Primary Health Prop generated a negative expected return over the last 90 days |