Briacell Therapeutics Corp Stock Probability of Future Stock Price Finishing Under 0.66
| BCTX Stock | USD 0.66 0.44 40.00% |
Briacell |
Briacell Therapeutics Target Price Odds to finish below 0.66
The tendency of Briacell 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 below current price in 90 days |
| 0.66 | 90 days | 0.66 | about 20.17 |
Based on a normal probability distribution, the odds of Briacell Therapeutics to move below current price in 90 days from now is about 20.17 (This Briacell Therapeutics Corp probability density function shows the probability of Briacell Stock to fall within a particular range of prices over 90 days) .
Given the investment horizon of 90 days Briacell Therapeutics Corp has a beta of -0.29 suggesting as returns on the benchmark increase, returns on holding Briacell Therapeutics are expected to decrease at a much lower rate. During a bear market, however, Briacell Therapeutics Corp is likely to outperform the market. Additionally Briacell Therapeutics Corp has an alpha of 0.8968, implying that it can generate a 0.9 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Briacell Therapeutics Price Density |
| Price |
Predictive Modules for Briacell Therapeutics
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Briacell Therapeutics. 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 Briacell Therapeutics' 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.
Briacell Therapeutics Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Briacell Therapeutics is not an exception. The market had few large corrections towards the Briacell Therapeutics' 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 Briacell Therapeutics Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Briacell Therapeutics within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.90 | |
β | Beta against Dow Jones | -0.29 | |
σ | Overall volatility | 0.18 | |
Ir | Information ratio | 0.06 |
Briacell Therapeutics 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 Briacell Therapeutics for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Briacell Therapeutics can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Briacell Therapeutics is way too risky over 90 days horizon | |
| Briacell Therapeutics has some characteristics of a very speculative penny stock | |
| Briacell Therapeutics appears to be risky and price may revert if volatility continues | |
| Briacell Therapeutics has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (4.93 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Briacell Therapeutics Corp currently holds about 41.04 M in cash with (24.13 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.64, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Briacell Therapeutics has a frail financial position based on the latest SEC disclosures | |
| Roughly 20.0% of the company shares are held by company insiders | |
| Latest headline from benzinga.com: Why BriaCell Therapeutics Stock Is Down 40 |
Briacell Therapeutics 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 Briacell Stock often depends not only on the future outlook of the current and potential Briacell Therapeutics' 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. Briacell Therapeutics' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 16.5 M | |
| Cash And Short Term Investments | 862.1 K |
Briacell Therapeutics Technical Analysis
Briacell Therapeutics' future price can be derived by breaking down and analyzing its technical indicators over time. Briacell Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Briacell Therapeutics Corp. In general, you should focus on analyzing Briacell Stock price patterns and their correlations with different microeconomic environments and drivers.
Briacell Therapeutics Predictive Forecast Models
Briacell Therapeutics' time-series forecasting models is one of many Briacell Therapeutics' 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 Briacell Therapeutics' 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 Briacell Therapeutics
Checking the ongoing alerts about Briacell Therapeutics for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Briacell Therapeutics help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Briacell Therapeutics is way too risky over 90 days horizon | |
| Briacell Therapeutics has some characteristics of a very speculative penny stock | |
| Briacell Therapeutics appears to be risky and price may revert if volatility continues | |
| Briacell Therapeutics has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (4.93 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Briacell Therapeutics Corp currently holds about 41.04 M in cash with (24.13 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.64, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Briacell Therapeutics has a frail financial position based on the latest SEC disclosures | |
| Roughly 20.0% of the company shares are held by company insiders | |
| Latest headline from benzinga.com: Why BriaCell Therapeutics Stock Is Down 40 |
Additional Tools for Briacell Stock Analysis
When running Briacell Therapeutics' price analysis, check to measure Briacell Therapeutics' 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 Briacell Therapeutics is operating at the current time. Most of Briacell Therapeutics' value examination focuses on studying past and present price action to predict the probability of Briacell Therapeutics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Briacell Therapeutics' price. Additionally, you may evaluate how the addition of Briacell Therapeutics to your portfolios can decrease your overall portfolio volatility.