Bristol Myers Squibb Stock Probability of Future Stock Price Finishing Under 59.29
| BMY Stock | USD 58.12 0.59 1.00% |
Closest to current price Bristol long CALL Option Payoff at Expiration
Bristol |
Bristol Myers Target Price Odds to finish below 59.29
The tendency of Bristol 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 stay under $ 59.29 after 90 days |
| 58.12 | 90 days | 59.29 | about 92.23 |
Based on a normal probability distribution, the odds of Bristol Myers to stay under $ 59.29 after 90 days from now is about 92.23 (This Bristol Myers Squibb probability density function shows the probability of Bristol Stock to fall within a particular range of prices over 90 days) . Probability of Bristol Myers Squibb price to stay between its current price of $ 58.12 and $ 59.29 at the end of the 90-day period is about 5.64 .
Considering the 90-day investment horizon Bristol Myers has a beta of 0.0768 suggesting as returns on the market go up, Bristol Myers average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Bristol Myers Squibb will be expected to be much smaller as well. Additionally Bristol Myers Squibb has an alpha of 0.2911, implying that it can generate a 0.29 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Bristol Myers Price Density |
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Predictive Modules for Bristol Myers
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Bristol Myers Squibb. 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.Bristol Myers Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Bristol Myers is not an exception. The market had few large corrections towards the Bristol Myers' 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 Bristol Myers Squibb, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Bristol Myers within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.29 | |
β | Beta against Dow Jones | 0.08 | |
σ | Overall volatility | 3.71 | |
Ir | Information ratio | 0.09 |
Bristol Myers 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 Bristol Myers for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Bristol Myers Squibb can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Bristol Myers Squibb has a strong financial position based on the latest SEC filings | |
| Over 78.0% of the company shares are held by institutions such as insurance companies | |
| On 1st of November 2024 Bristol Myers paid $ 0.6 per share dividend to its current shareholders | |
| Latest headline from gurufocus.com: Bristol-Myers Squibb Co Showcases Promising Cell Therapy Data at ASH Annual Meeting |
Bristol Myers 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 Bristol Stock often depends not only on the future outlook of the current and potential Bristol Myers' 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. Bristol Myers' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 2.1 B | |
| Cash And Short Term Investments | 12.3 B |
Bristol Myers Technical Analysis
Bristol Myers' future price can be derived by breaking down and analyzing its technical indicators over time. Bristol Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Bristol Myers Squibb. In general, you should focus on analyzing Bristol Stock price patterns and their correlations with different microeconomic environments and drivers.
Bristol Myers Predictive Forecast Models
Bristol Myers' time-series forecasting models is one of many Bristol Myers' 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 Bristol Myers' 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 Bristol Myers Squibb
Checking the ongoing alerts about Bristol Myers for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Bristol Myers Squibb help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Bristol Myers Squibb has a strong financial position based on the latest SEC filings | |
| Over 78.0% of the company shares are held by institutions such as insurance companies | |
| On 1st of November 2024 Bristol Myers paid $ 0.6 per share dividend to its current shareholders | |
| Latest headline from gurufocus.com: Bristol-Myers Squibb Co Showcases Promising Cell Therapy Data at ASH Annual Meeting |
Additional Tools for Bristol Stock Analysis
When running Bristol Myers' price analysis, check to measure Bristol Myers' 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 Bristol Myers is operating at the current time. Most of Bristol Myers' value examination focuses on studying past and present price action to predict the probability of Bristol Myers' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bristol Myers' price. Additionally, you may evaluate how the addition of Bristol Myers to your portfolios can decrease your overall portfolio volatility.