PURETECH HEALTH (Germany) Probability of Future Stock Price Finishing Under 0.02
| 0VQ Stock | EUR 1.82 0.03 1.68% |
PURETECH |
PURETECH HEALTH Target Price Odds to finish below 0.02
The tendency of PURETECH 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 drop to € 0.02 or more in 90 days |
| 1.82 | 90 days | 0.02 | near 1 |
Based on a normal probability distribution, the odds of PURETECH HEALTH to drop to € 0.02 or more in 90 days from now is near 1 (This PURETECH HEALTH PLC probability density function shows the probability of PURETECH Stock to fall within a particular range of prices over 90 days) . Probability of PURETECH HEALTH PLC price to stay between € 0.02 and its current price of €1.82 at the end of the 90-day period is about 26.16 .
Assuming the 90 days horizon PURETECH HEALTH PLC has a beta of -0.21. This suggests as returns on the benchmark increase, returns on holding PURETECH HEALTH are expected to decrease at a much lower rate. During a bear market, however, PURETECH HEALTH PLC is likely to outperform the market. Additionally PURETECH HEALTH PLC has an alpha of 0.0328, implying that it can generate a 0.0328 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). PURETECH HEALTH Price Density |
| Price |
Predictive Modules for PURETECH 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 PURETECH HEALTH PLC. 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.PURETECH HEALTH Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. PURETECH HEALTH is not an exception. The market had few large corrections towards the PURETECH 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 PURETECH HEALTH PLC, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of PURETECH HEALTH within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.03 | |
β | Beta against Dow Jones | -0.21 | |
σ | Overall volatility | 0.11 | |
Ir | Information ratio | 0 |
PURETECH 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 PURETECH HEALTH for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for PURETECH HEALTH PLC can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| PURETECH HEALTH PLC generated a negative expected return over the last 90 days | |
| PURETECH HEALTH PLC may become a speculative penny stock | |
| PURETECH HEALTH PLC has high historical volatility and very poor performance | |
| PURETECH HEALTH PLC has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 18.58 M. Net Loss for the year was (193.37 M) with profit before overhead, payroll, taxes, and interest of 17.39 M. | |
| PURETECH HEALTH PLC has accumulated about 441.89 M in cash with (141.1 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.54. | |
| Roughly 72.0% of the company shares are owned by institutions such as pension funds |
PURETECH HEALTH Technical Analysis
PURETECH HEALTH's future price can be derived by breaking down and analyzing its technical indicators over time. PURETECH Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of PURETECH HEALTH PLC. In general, you should focus on analyzing PURETECH Stock price patterns and their correlations with different microeconomic environments and drivers.
PURETECH HEALTH Predictive Forecast Models
PURETECH HEALTH's time-series forecasting models is one of many PURETECH 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 PURETECH 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 PURETECH HEALTH PLC
Checking the ongoing alerts about PURETECH HEALTH for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for PURETECH HEALTH PLC help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| PURETECH HEALTH PLC generated a negative expected return over the last 90 days | |
| PURETECH HEALTH PLC may become a speculative penny stock | |
| PURETECH HEALTH PLC has high historical volatility and very poor performance | |
| PURETECH HEALTH PLC has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 18.58 M. Net Loss for the year was (193.37 M) with profit before overhead, payroll, taxes, and interest of 17.39 M. | |
| PURETECH HEALTH PLC has accumulated about 441.89 M in cash with (141.1 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.54. | |
| Roughly 72.0% of the company shares are owned by institutions such as pension funds |
Additional Information and Resources on Investing in PURETECH Stock
When determining whether PURETECH HEALTH PLC offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of PURETECH HEALTH's 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 Puretech Health Plc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Puretech Health Plc Stock:Check out PURETECH HEALTH Backtesting, PURETECH HEALTH Valuation, PURETECH HEALTH Correlation, PURETECH HEALTH Hype Analysis, PURETECH HEALTH Volatility, PURETECH HEALTH History as well as PURETECH HEALTH Performance. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.