Bynd Cannasoft Enterprises Stock Probability of Future Stock Price Finishing Over 11.73
| BCAN Stock | USD 8.22 0.22 2.75% |
BYND |
BYND Cannasoft Target Price Odds to finish over 11.73
The tendency of BYND 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 over $ 11.73 or more in 90 days |
| 8.22 | 90 days | 11.73 | close to zero percent |
Based on a normal probability distribution, the odds of BYND Cannasoft to move over $ 11.73 or more in 90 days from now is close to zero percent (This BYND Cannasoft Enterprises probability density function shows the probability of BYND Stock to fall within a particular range of prices over 90 days) . Probability of BYND Cannasoft Enter price to stay between its current price of $ 8.22 and $ 11.73 at the end of the 90-day period is about 17.8 .
Given the investment horizon of 90 days BYND Cannasoft has a beta of 0.0994 suggesting as returns on the market go up, BYND Cannasoft average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding BYND Cannasoft Enterprises will be expected to be much smaller as well. Additionally BYND Cannasoft Enterprises has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. BYND Cannasoft Price Density |
| Price |
Predictive Modules for BYND Cannasoft
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as BYND Cannasoft Enter. 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.BYND Cannasoft Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. BYND Cannasoft is not an exception. The market had few large corrections towards the BYND Cannasoft'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 BYND Cannasoft Enterprises, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of BYND Cannasoft within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.03 | |
β | Beta against Dow Jones | 0.1 | |
σ | Overall volatility | 0.13 | |
Ir | Information ratio | -0.1 |
BYND Cannasoft 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 BYND Cannasoft for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for BYND Cannasoft Enter can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| BYND Cannasoft Enter generated a negative expected return over the last 90 days | |
| The company reported the previous year's revenue of 1.08 M. Net Loss for the year was (18.5 M) with profit before overhead, payroll, taxes, and interest of 623.14 K. | |
| BYND Cannasoft Enterprises currently holds about 4.03 M in cash with (3.47 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.14. | |
| BYND Cannasoft Enter has a frail financial position based on the latest SEC disclosures | |
| Roughly 30.0% of the company shares are held by company insiders | |
| Latest headline from seekingalpha.com: Femto Technologies reports Q3 results |
BYND Cannasoft 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 BYND Stock often depends not only on the future outlook of the current and potential BYND Cannasoft'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. BYND Cannasoft's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 12 K | |
| Cash And Short Term Investments | 3.1 M |
BYND Cannasoft Technical Analysis
BYND Cannasoft's future price can be derived by breaking down and analyzing its technical indicators over time. BYND Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of BYND Cannasoft Enterprises. In general, you should focus on analyzing BYND Stock price patterns and their correlations with different microeconomic environments and drivers.
BYND Cannasoft Predictive Forecast Models
BYND Cannasoft's time-series forecasting models is one of many BYND Cannasoft'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 BYND Cannasoft'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 BYND Cannasoft Enter
Checking the ongoing alerts about BYND Cannasoft for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for BYND Cannasoft Enter help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| BYND Cannasoft Enter generated a negative expected return over the last 90 days | |
| The company reported the previous year's revenue of 1.08 M. Net Loss for the year was (18.5 M) with profit before overhead, payroll, taxes, and interest of 623.14 K. | |
| BYND Cannasoft Enterprises currently holds about 4.03 M in cash with (3.47 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.14. | |
| BYND Cannasoft Enter has a frail financial position based on the latest SEC disclosures | |
| Roughly 30.0% of the company shares are held by company insiders | |
| Latest headline from seekingalpha.com: Femto Technologies reports Q3 results |
Check out BYND Cannasoft Backtesting, BYND Cannasoft Valuation, BYND Cannasoft Correlation, BYND Cannasoft Hype Analysis, BYND Cannasoft Volatility, BYND Cannasoft History as well as BYND Cannasoft Performance. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Is Application Software space 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 BYND Cannasoft. If investors know BYND 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 BYND Cannasoft listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (966.77) | Revenue Per Share 7.624 | Quarterly Revenue Growth 0.617 | Return On Assets (0.14) | Return On Equity (1.69) |
The market value of BYND Cannasoft Enter is measured differently than its book value, which is the value of BYND that is recorded on the company's balance sheet. Investors also form their own opinion of BYND Cannasoft's value that differs from its market value or its book value, called intrinsic value, which is BYND Cannasoft'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 BYND Cannasoft's market value can be influenced by many factors that don't directly affect BYND Cannasoft'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 BYND Cannasoft's value and its price as these two are different measures arrived at by different means. Investors typically determine if BYND Cannasoft is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BYND Cannasoft'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.