PureTech Health (UK) Probability of Future Stock Price Finishing Under 169.56
| PRTC Stock | 169.40 3.80 2.29% |
PureTech |
PureTech Health Target Price Odds to finish below 169.56
The tendency of PureTech 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 169.56 after 90 days |
| 169.40 | 90 days | 169.56 | over 95.25 |
Based on a normal probability distribution, the odds of PureTech Health to stay under 169.56 after 90 days from now is over 95.25 (This PureTech Health plc probability density function shows the probability of PureTech Stock to fall within a particular range of prices over 90 days) . Probability of PureTech Health plc price to stay between its current price of 169.40 and 169.56 at the end of the 90-day period is near 1 .
Assuming the 90 days trading horizon PureTech Health has a beta of 0.42 indicating as returns on the market go up, PureTech Health average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding PureTech Health plc will be expected to be much smaller as well. Additionally PureTech Health plc 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. PureTech Health Price Density |
| Price |
Predictive Modules for PureTech Health
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as PureTech Health plc. 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.PureTech Health Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. PureTech Health is not an exception. The market had few large corrections towards the PureTech Health'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 PureTech Health plc, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of PureTech Health within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.04 | |
β | Beta against Dow Jones | 0.42 | |
σ | Overall volatility | 8.71 | |
Ir | Information ratio | -0.05 |
PureTech Health 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 PureTech Health for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for PureTech Health plc can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| The company reported the revenue of 750 K. Net Loss for the year was (66.63 M) with profit before overhead, payroll, taxes, and interest of 17.39 M. | |
| PureTech Health generates negative cash flow from operations | |
| Over 79.0% of the company shares are owned by institutional investors | |
| Latest headline from news.google.com: On The My Stocks Page - Stock Traders Daily |
PureTech Health 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 PureTech Stock often depends not only on the future outlook of the current and potential PureTech Health'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. PureTech Health's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 276.3 M | |
| Cash And Short Term Investments | 327.1 M |
PureTech Health Technical Analysis
PureTech Health's future price can be derived by breaking down and analyzing its technical indicators over time. PureTech Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of PureTech Health plc. In general, you should focus on analyzing PureTech Stock price patterns and their correlations with different microeconomic environments and drivers.
PureTech Health Predictive Forecast Models
PureTech Health's time-series forecasting models is one of many PureTech Health'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 PureTech Health'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 PureTech Health plc
Checking the ongoing alerts about PureTech Health for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for PureTech Health plc help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| The company reported the revenue of 750 K. Net Loss for the year was (66.63 M) with profit before overhead, payroll, taxes, and interest of 17.39 M. | |
| PureTech Health generates negative cash flow from operations | |
| Over 79.0% of the company shares are owned by institutional investors | |
| Latest headline from news.google.com: On The My Stocks Page - Stock Traders Daily |
Additional Tools for PureTech Stock Analysis
When running PureTech Health's price analysis, check to measure PureTech Health'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 PureTech Health is operating at the current time. Most of PureTech Health's value examination focuses on studying past and present price action to predict the probability of PureTech Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move PureTech Health's price. Additionally, you may evaluate how the addition of PureTech Health to your portfolios can decrease your overall portfolio volatility.