Pro Dex Stock Odds of Future Stock Price Finishing Under 18.75
| PDEX Stock | USD 18.25 0.03 0.16% |
Pro |
Pro Dex Target Price Odds to finish below 18.75
The tendency of Pro 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 stay under $ 18.75 after 90 days |
| 18.25 | 90 days | 18.75 | about 65.82 |
Based on a normal probability distribution, the odds of Pro Dex to stay under $ 18.75 after 90 days from now is about 65.82 (This Pro Dex probability density function shows the probability of Pro Stock to fall within a particular range of prices over 90 days) . Probability of Pro Dex price to stay between its current price of $ 18.25 and $ 18.75 at the end of the 90-day period is about 14.77 .
Given the investment horizon of 90 days Pro Dex has a beta of 0.21 indicating as returns on the market go up, Pro Dex average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Pro Dex will be expected to be much smaller as well. Additionally Pro Dex has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Pro Dex Price Density |
| Price |
Predictive Modules for Pro Dex
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Pro Dex. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Pro Dex's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Pro Dex Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Pro Dex is not an exception. The market had few large corrections towards the Pro Dex'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 Pro Dex, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Pro Dex within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.31 | |
β | Beta against NYSE Composite | 0.21 | |
σ | Overall volatility | 1.31 | |
Ir | Information ratio | -0.14 |
Pro Dex 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 Pro Dex for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Pro Dex can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Pro Dex generated a negative expected return over the last 90 days | |
| Pro Dex is unlikely to experience financial distress in the next 2 years | |
| About 33.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from finance.yahoo.com: Disposition of 5800 shares by Domingo Angelita Rebamontan of Pro Dex subject to Rule 16b-3 |
Pro Dex 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 Pro Stock often depends not only on the future outlook of the current and potential Pro Dex'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. Pro Dex's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 3.6 M | |
| Cash And Short Term Investments | 4.1 M |
Pro Dex Technical Analysis
Pro Dex's future price can be derived by breaking down and analyzing its technical indicators over time. Pro Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Pro Dex. In general, you should focus on analyzing Pro Stock price patterns and their correlations with different microeconomic environments and drivers.
Pro Dex Predictive Forecast Models
Pro Dex's time-series forecasting models is one of many Pro Dex'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 Pro Dex'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 Pro Dex
Checking the ongoing alerts about Pro Dex for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Pro Dex help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Pro Dex generated a negative expected return over the last 90 days | |
| Pro Dex is unlikely to experience financial distress in the next 2 years | |
| About 33.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from finance.yahoo.com: Disposition of 5800 shares by Domingo Angelita Rebamontan of Pro Dex subject to Rule 16b-3 |
Check out Pro Dex Backtesting, Pro Dex Valuation, Pro Dex Correlation, Pro Dex Hype Analysis, Pro Dex Volatility, Pro Dex History as well as Pro Dex Performance. For more information on how to buy Pro Stock please use our How to Invest in Pro Dex guide.Note that the Pro Dex information on this page should be used as a complementary analysis to other Pro Dex's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Complementary Tools for Pro Stock analysis
When running Pro Dex's price analysis, check to measure Pro Dex'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 Pro Dex is operating at the current time. Most of Pro Dex's value examination focuses on studying past and present price action to predict the probability of Pro Dex's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pro Dex's price. Additionally, you may evaluate how the addition of Pro Dex to your portfolios can decrease your overall portfolio volatility.
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Is Pro Dex's industry 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 Pro Dex. If investors know Pro 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 Pro Dex 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 (0.81) | Earnings Share 0.84 | Revenue Per Share 13.601 | Quarterly Revenue Growth 0.116 | Return On Assets 0.0794 |
The market value of Pro Dex is measured differently than its book value, which is the value of Pro that is recorded on the company's balance sheet. Investors also form their own opinion of Pro Dex's value that differs from its market value or its book value, called intrinsic value, which is Pro Dex'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 Pro Dex's market value can be influenced by many factors that don't directly affect Pro Dex'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 Pro Dex's value and its price as these two are different measures arrived at by different means. Investors typically determine if Pro Dex is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Pro Dex'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.