Penn Entertainment Stock Probability of Future Stock Price Finishing Under 24.57

PENN
 Stock
  

USD 34.98  0.69  1.93%   

Penn Entertainment's future price is the expected price of Penn Entertainment 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 Penn Entertainment performance during a given time horizon utilizing its historical volatility. Price to Book Value is expected to rise to 1.55 this year. Price to Earnings Ratio is expected to rise to 79.38 this year.
  
Penn Entertainment's implied volatility is one of the determining factors in the pricing options written on Penn Entertainment. Implied volatility approximates the future value of Penn Entertainment 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 Penn Entertainment over a specific time period. For example, 2022-12-02 CALL at $35.0 is a CALL option contract on Penn Entertainment's common stock with a strick price of 35.0 expiring on 2022-12-02. The contract was last traded on 2022-11-25 at 12:47:43 for $0.93 and, as of today, has 6 days remaining before the expiration. The option is currently trading at a bid price of $0.9, and an ask price of $0.95. The implied volatility as of the 26th of November is 51.9341. View All Penn Entertainment options

Closest to current price Penn Entertainment long CALL Option Payoff at Expiration

Please check Penn Entertainment Backtesting, Penn Entertainment Valuation, Penn Entertainment Correlation, Penn Entertainment Hype Analysis, Penn Entertainment Volatility, Penn Entertainment History as well as Penn Entertainment Performance. Please specify Penn Entertainment time horizon, a valid symbol (red box) and a target price (blue box) you would like Penn Entertainment odds to be computed.

Penn Entertainment Target Price Odds to finish below 24.57

The tendency of Penn Entertainment 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 drop to $ 24.57  or more in 90 days
 34.98 90 days 24.57 
near 1
Based on a normal probability distribution, the odds of Penn Entertainment to drop to $ 24.57  or more in 90 days from now is near 1 (This Penn Entertainment probability density function shows the probability of Penn Entertainment Stock to fall within a particular range of prices over 90 days) . Probability of Penn Entertainment price to stay between $ 24.57  and its current price of $34.98 at the end of the 90-day period is about 88.11 .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.65 indicating as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Penn Entertainment will likely underperform. Additionally The company has an alpha of 0.0011, implying that it can generate a 0.001123 percent excess return over DOW after adjusting for the inherited market risk (beta).
   Penn Entertainment Price Density   
       Price  

Predictive Modules for Penn Entertainment

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Penn Entertainment. Regardless of method or technology, however, to accurately forecast the stock or bond 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, frequently view the market will even out over time. This tendency of Penn Entertainment'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. Please use the tools below to analyze the current value of Penn Entertainment in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
31.7635.0338.30
Details
Intrinsic
Valuation
LowReal ValueHigh
31.4845.4448.71
Details
Naive
Forecast
LowNext ValueHigh
32.4035.6738.95
Details
13 Analysts
Consensus
LowTarget PriceHigh
38.0083.69150.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Penn Entertainment. Your research has to be compared to or analyzed against Penn Entertainment's peers to derive any actionable benefits. When done correctly, Penn Entertainment's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Penn Entertainment.

Penn Entertainment Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. Penn Entertainment is not an exception. The market had few large corrections towards the Penn Entertainment'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 Penn Entertainment, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Penn Entertainment within the framework of very fundamental risk indicators.
α
Alpha over DOW
0.001123
β
Beta against DOW1.65
σ
Overall volatility
2.81
Ir
Information ratio 0.012405

Penn Entertainment 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 Penn Entertainment for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Penn Entertainment can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
Penn Entertainment has very high historical volatility over the last 90 days
Over 84.0% of the company shares are owned by institutional investors
Latest headline from news.google.com: If You Invested 1,000 In PENN Entertainment At Its Covid-19 Pandemic Low, Youd Have This Much Now - PEN - Benzinga

Penn Entertainment 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 Penn Entertainment Stock often depends not only on the future outlook of the current and potential Penn Entertainment'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. Penn Entertainment's indicators that are reflective of the short sentiment are summarized in the table below.
Shares Percent Shares Out8.33%
Short Percent Of Float11.07%
Float Shares152.68M
Shares Short Prior Month9.93M
Average Daily Volume Last 10 Day3.02M
Average Daily Volume In Three Month3.82M
Date Short Interest14th of October 2022

Penn Entertainment Technical Analysis

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

Penn Entertainment Predictive Forecast Models

Penn Entertainment time-series forecasting models is one of many Penn Entertainment's stock analysis techniquest aimed to predict future share value based on previously observed values. Time-series forecasting models ae 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. These non-stationary Penn Entertainment'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 Penn Entertainment

Checking the ongoing alerts about Penn Entertainment for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Penn Entertainment help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Penn Entertainment has very high historical volatility over the last 90 days
Over 84.0% of the company shares are owned by institutional investors
Latest headline from news.google.com: If You Invested 1,000 In PENN Entertainment At Its Covid-19 Pandemic Low, Youd Have This Much Now - PEN - Benzinga
Please check Penn Entertainment Backtesting, Penn Entertainment Valuation, Penn Entertainment Correlation, Penn Entertainment Hype Analysis, Penn Entertainment Volatility, Penn Entertainment History as well as Penn Entertainment Performance. You can also try Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.

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When running Penn Entertainment price analysis, check to measure Penn Entertainment'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 Penn Entertainment is operating at the current time. Most of Penn Entertainment's value examination focuses on studying past and present price action to predict the probability of Penn Entertainment's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Penn Entertainment's price. Additionally, you may evaluate how the addition of Penn Entertainment to your portfolios can decrease your overall portfolio volatility.
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Is Penn Entertainment'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 Penn Entertainment. If investors know Penn Entertainment 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 Penn Entertainment 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 YOY
0.38
Market Capitalization
5.5 B
Quarterly Revenue Growth YOY
0.075
Return On Assets
0.0428
Return On Equity
0.0735
The market value of Penn Entertainment is measured differently than its book value, which is the value of Penn Entertainment that is recorded on the company's balance sheet. Investors also form their own opinion of Penn Entertainment's value that differs from its market value or its book value, called intrinsic value, which is Penn Entertainment'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 Penn Entertainment's market value can be influenced by many factors that don't directly affect Penn Entertainment'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 Penn Entertainment's value and its price as these two are different measures arrived at by different means. Investors typically determine Penn Entertainment value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Penn Entertainment'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.