Bristol Myers (Brazil) Probability of Future Stock Price Finishing Under 369.26
| BMYB34 Stock | BRL 355.94 0.69 0.19% |
Bristol |
Bristol Myers Target Price Odds to finish below 369.26
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 R$ 369.26 after 90 days |
| 355.94 | 90 days | 369.26 | roughly 96.0 |
Based on a normal probability distribution, the odds of Bristol Myers to stay under R$ 369.26 after 90 days from now is roughly 96.0 (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 R$ 355.94 and R$ 369.26 at the end of the 90-day period is about 5.43 .
Assuming the 90 days trading horizon Bristol Myers Squibb has a beta of -0.22 suggesting as returns on the benchmark increase, returns on holding Bristol Myers are expected to decrease at a much lower rate. During a bear market, however, Bristol Myers Squibb is likely to outperform the market. Additionally Bristol Myers Squibb has an alpha of 0.4284, implying that it can generate a 0.43 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Bristol Myers Price Density |
| Price |
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 | 0.43 | |
β | Beta against Dow Jones | -0.22 | |
σ | Overall volatility | 29.83 | |
Ir | Information ratio | 0.17 |
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 high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations |
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 |
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 high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations |
Additional Information and Resources on Investing in Bristol Stock
When determining whether Bristol Myers Squibb offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Bristol Myers' 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 Bristol Myers Squibb Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Bristol Myers Squibb Stock:Check out Bristol Myers Backtesting, Bristol Myers Valuation, Bristol Myers Correlation, Bristol Myers Hype Analysis, Bristol Myers Volatility, Bristol Myers History as well as Bristol Myers Performance. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.