Phillips 66 Stock Odds of Future Stock Price Finishing Over 119.57

PSX Stock  USD 163.34  4.38  2.76%   
Phillips' implied volatility is one of the determining factors in the pricing options written on Phillips 66. Implied volatility approximates the future value of Phillips based on the option's current value. Options with high implied volatility have higher premiums and can be used to hedge the downside of investing in Phillips 66 over a specific time period. For example, 2024-04-05 CALL at $162.5 is a CALL option contract on Phillips' common stock with a strick price of 162.5 expiring on 2024-04-05. The contract was last traded on 2024-03-28 at 15:37:17 for $2.54 and, as of today, has 7 days remaining before the expiration. The option is currently trading at a bid price of $2.35, and an ask price of $2.6. The implied volatility as of the 29th of March is 22.72. View All Phillips options

Closest to current price Phillips long CALL Option Payoff at Expiration

Phillips' future price is the expected price of Phillips instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of Phillips 66 performance during a given time horizon utilizing its historical volatility. Check out Phillips Backtesting, Phillips Valuation, Phillips Correlation, Phillips Hype Analysis, Phillips Volatility, Phillips History as well as Phillips Performance.
  
At this time, Phillips' Price Earnings Ratio is fairly stable compared to the past year. Price To Operating Cash Flows Ratio is likely to rise to 11.08 in 2024, whereas Price To Sales Ratio is likely to drop 0.26 in 2024. Please specify Phillips' target price for which you would like Phillips odds to be computed.

Phillips Target Price Odds to finish over 119.57

The tendency of Phillips 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 PriceHorizonTarget PriceOdds to stay above $ 119.57  in 90 days
 163.34 90 days 119.57 
close to 99
Based on a normal probability distribution, the odds of Phillips to stay above $ 119.57  in 90 days from now is close to 99 (This Phillips 66 probability density function shows the probability of Phillips Stock to fall within a particular range of prices over 90 days) . Probability of Phillips 66 price to stay between $ 119.57  and its current price of $163.34 at the end of the 90-day period is about 98.0 .
Considering the 90-day investment horizon Phillips has a beta of 0.49 indicating as returns on the market go up, Phillips average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Phillips 66 will be expected to be much smaller as well. Additionally Phillips 66 has an alpha of 0.2482, implying that it can generate a 0.25 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
   Phillips Price Density   
       Price  

Predictive Modules for Phillips

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Phillips 66. 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 Phillips' 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.
Hype
Prediction
LowEstimatedHigh
161.98163.34164.70
Details
Intrinsic
Valuation
LowRealHigh
147.01181.95183.31
Details
Naive
Forecast
LowNextHigh
157.25158.62159.98
Details
20 Analysts
Consensus
LowTargetHigh
117.32128.92143.10
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Phillips. Your research has to be compared to or analyzed against Phillips' peers to derive any actionable benefits. When done correctly, Phillips' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Phillips 66.

Phillips Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. Phillips is not an exception. The market had few large corrections towards the Phillips' 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 Phillips 66, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Phillips within the framework of very fundamental risk indicators.
α
Alpha over NYSE Composite
0.25
β
Beta against NYSE Composite0.49
σ
Overall volatility
9.66
Ir
Information ratio 0.14

Phillips 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 Phillips for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Phillips 66 can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
Over 78.0% of the company shares are owned by institutional investors
On 1st of March 2024 Phillips paid $ 1.05 per share dividend to its current shareholders
Latest headline from finance.yahoo.com: Phillips 66 Rises Higher Than Market Key Facts

Phillips 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 Phillips Stock often depends not only on the future outlook of the current and potential Phillips' 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. Phillips' indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding453.2 M
Cash And Short Term Investments3.3 B

Phillips Technical Analysis

Phillips' future price can be derived by breaking down and analyzing its technical indicators over time. Phillips Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Phillips 66. In general, you should focus on analyzing Phillips Stock price patterns and their correlations with different microeconomic environments and drivers.

Phillips Predictive Forecast Models

Phillips' time-series forecasting models is one of many Phillips' 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 Phillips' 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 Phillips 66

Checking the ongoing alerts about Phillips for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Phillips 66 help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Over 78.0% of the company shares are owned by institutional investors
On 1st of March 2024 Phillips paid $ 1.05 per share dividend to its current shareholders
Latest headline from finance.yahoo.com: Phillips 66 Rises Higher Than Market Key Facts
When determining whether Phillips 66 offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Phillips' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Phillips 66 Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Phillips 66 Stock:

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When running Phillips' price analysis, check to measure Phillips' 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 Phillips is operating at the current time. Most of Phillips' value examination focuses on studying past and present price action to predict the probability of Phillips' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Phillips' price. Additionally, you may evaluate how the addition of Phillips to your portfolios can decrease your overall portfolio volatility.
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Is Phillips' 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 Phillips. If investors know Phillips 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 Phillips 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
(0.28)
Dividend Share
4.2
Earnings Share
15.48
Revenue Per Share
327.454
Quarterly Revenue Growth
(0.05)
The market value of Phillips 66 is measured differently than its book value, which is the value of Phillips that is recorded on the company's balance sheet. Investors also form their own opinion of Phillips' value that differs from its market value or its book value, called intrinsic value, which is Phillips' 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 Phillips' market value can be influenced by many factors that don't directly affect Phillips' 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 Phillips' value and its price as these two are different measures arrived at by different means. Investors typically determine if Phillips is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Phillips' 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.