Foghorn Therapeutics Stock Probability of Future Stock Price Finishing Over 19.01
| FHTX Stock | USD 5.51 0.21 3.96% |
Foghorn |
Foghorn Therapeutics Target Price Odds to finish over 19.01
The tendency of Foghorn 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 $ 19.01 or more in 90 days |
| 5.51 | 90 days | 19.01 | close to zero percent |
Based on a normal probability distribution, the odds of Foghorn Therapeutics to move over $ 19.01 or more in 90 days from now is close to zero percent (This Foghorn Therapeutics probability density function shows the probability of Foghorn Stock to fall within a particular range of prices over 90 days) . Probability of Foghorn Therapeutics price to stay between its current price of $ 5.51 and $ 19.01 at the end of the 90-day period is close to 99 .
Given the investment horizon of 90 days Foghorn Therapeutics has a beta of 0.5. This usually indicates as returns on the market go up, Foghorn Therapeutics average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Foghorn Therapeutics will be expected to be much smaller as well. Additionally Foghorn Therapeutics 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. Foghorn Therapeutics Price Density |
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Predictive Modules for Foghorn 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 Foghorn 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 Foghorn 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.
Foghorn Therapeutics Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Foghorn Therapeutics is not an exception. The market had few large corrections towards the Foghorn 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 Foghorn Therapeutics, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Foghorn Therapeutics within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.8 | |
β | Beta against Dow Jones | 0.50 | |
σ | Overall volatility | 1.08 | |
Ir | Information ratio | -0.19 |
Foghorn 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 Foghorn Therapeutics for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Foghorn 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.| Foghorn Therapeutics generated a negative expected return over the last 90 days | |
| Foghorn Therapeutics has high historical volatility and very poor performance | |
| The company reported the previous year's revenue of 34.16 M. Net Loss for the year was (98.43 M) with loss before overhead, payroll, taxes, and interest of (86.39 M). | |
| Foghorn Therapeutics currently holds about 373.5 M in cash with (118.11 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 8.94, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Roughly 72.0% of the company shares are owned by institutional investors | |
| Latest headline from benzinga.com: Why Foghorn Therapeutics Stock Is Trading Lower |
Foghorn 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 Foghorn Stock often depends not only on the future outlook of the current and potential Foghorn 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. Foghorn Therapeutics' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 42 M | |
| Cash And Short Term Investments | 234.1 M |
Foghorn Therapeutics Technical Analysis
Foghorn Therapeutics' future price can be derived by breaking down and analyzing its technical indicators over time. Foghorn Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Foghorn Therapeutics. In general, you should focus on analyzing Foghorn Stock price patterns and their correlations with different microeconomic environments and drivers.
Foghorn Therapeutics Predictive Forecast Models
Foghorn Therapeutics' time-series forecasting models is one of many Foghorn 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 Foghorn 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 Foghorn Therapeutics
Checking the ongoing alerts about Foghorn Therapeutics for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Foghorn Therapeutics help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Foghorn Therapeutics generated a negative expected return over the last 90 days | |
| Foghorn Therapeutics has high historical volatility and very poor performance | |
| The company reported the previous year's revenue of 34.16 M. Net Loss for the year was (98.43 M) with loss before overhead, payroll, taxes, and interest of (86.39 M). | |
| Foghorn Therapeutics currently holds about 373.5 M in cash with (118.11 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 8.94, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Roughly 72.0% of the company shares are owned by institutional investors | |
| Latest headline from benzinga.com: Why Foghorn Therapeutics Stock Is Trading Lower |
Additional Tools for Foghorn Stock Analysis
When running Foghorn Therapeutics' price analysis, check to measure Foghorn 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 Foghorn Therapeutics is operating at the current time. Most of Foghorn Therapeutics' value examination focuses on studying past and present price action to predict the probability of Foghorn Therapeutics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Foghorn Therapeutics' price. Additionally, you may evaluate how the addition of Foghorn Therapeutics to your portfolios can decrease your overall portfolio volatility.