Eastwood Bio Medical Canada Stock Probability of Future Stock Price Finishing Over 0.54
| EBM Stock | CAD 0.54 0.11 16.92% |
Eastwood |
Eastwood Bio Target Price Odds to finish over 0.54
The tendency of Eastwood 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 above the current price in 90 days |
| 0.54 | 90 days | 0.54 | over 95.85 |
Based on a normal probability distribution, the odds of Eastwood Bio to move above the current price in 90 days from now is over 95.85 (This Eastwood Bio Medical Canada probability density function shows the probability of Eastwood Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days horizon Eastwood Bio Medical Canada has a beta of -2.38 suggesting as returns on its benchmark rise, returns on holding Eastwood Bio Medical Canada are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Eastwood Bio is expected to outperform its benchmark. Moreover Eastwood Bio Medical Canada has an alpha of 1.9928, implying that it can generate a 1.99 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Eastwood Bio Price Density |
| Price |
Predictive Modules for Eastwood Bio
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Eastwood Bio Medical. 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.Eastwood Bio Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Eastwood Bio is not an exception. The market had few large corrections towards the Eastwood Bio'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 Eastwood Bio Medical Canada, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Eastwood Bio within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 1.99 | |
β | Beta against Dow Jones | -2.38 | |
σ | Overall volatility | 0.15 | |
Ir | Information ratio | 0.09 |
Eastwood Bio 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 Eastwood Bio for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Eastwood Bio Medical can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Eastwood Bio Medical had very high historical volatility over the last 90 days | |
| Eastwood Bio Medical has some characteristics of a very speculative penny stock | |
| Eastwood Bio Medical has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 867.94 K. Net Loss for the year was (546.6 K) with profit before overhead, payroll, taxes, and interest of 902.74 K. | |
| Eastwood Bio Medical Canada has accumulated about 708.26 K in cash with (16.89 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. | |
| Roughly 70.0% of the company shares are held by company insiders |
Eastwood Bio 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 Eastwood Stock often depends not only on the future outlook of the current and potential Eastwood Bio'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. Eastwood Bio's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 68.9 M | |
| Cash And Short Term Investments | 18.4 K |
Eastwood Bio Technical Analysis
Eastwood Bio's future price can be derived by breaking down and analyzing its technical indicators over time. Eastwood Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Eastwood Bio Medical Canada. In general, you should focus on analyzing Eastwood Stock price patterns and their correlations with different microeconomic environments and drivers.
Eastwood Bio Predictive Forecast Models
Eastwood Bio's time-series forecasting models is one of many Eastwood Bio'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 Eastwood Bio'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 Eastwood Bio Medical
Checking the ongoing alerts about Eastwood Bio for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Eastwood Bio Medical help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Eastwood Bio Medical had very high historical volatility over the last 90 days | |
| Eastwood Bio Medical has some characteristics of a very speculative penny stock | |
| Eastwood Bio Medical has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 867.94 K. Net Loss for the year was (546.6 K) with profit before overhead, payroll, taxes, and interest of 902.74 K. | |
| Eastwood Bio Medical Canada has accumulated about 708.26 K in cash with (16.89 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. | |
| Roughly 70.0% of the company shares are held by company insiders |
Additional Tools for Eastwood Stock Analysis
When running Eastwood Bio's price analysis, check to measure Eastwood Bio's 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 Eastwood Bio is operating at the current time. Most of Eastwood Bio's value examination focuses on studying past and present price action to predict the probability of Eastwood Bio's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eastwood Bio's price. Additionally, you may evaluate how the addition of Eastwood Bio to your portfolios can decrease your overall portfolio volatility.