Aptose Biosciences Stock Forecast - Daily Balance Of Power
| APTO Stock | USD 0.19 0.01 5.56% |
Aptose Stock Forecast is based on your current time horizon. Although Aptose Biosciences' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Aptose Biosciences' systematic risk associated with finding meaningful patterns of Aptose Biosciences fundamentals over time.
Aptose |
| Check Aptose Biosciences Volatility | Backtest Aptose Biosciences | Trend Details |
Aptose Biosciences Trading Date Momentum
| On December 04 2024 Aptose Biosciences was traded for 0.19 at the closing time. The top price for the day was 0.20 and the lowest listed price was 0.19 . The trading volume for the day was 1.1 M. The trading history from December 4, 2024 did not affect price variability. The overall trading delta against the current closing price is 5.26% . |
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
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Other Forecasting Options for Aptose Biosciences
For every potential investor in Aptose, whether a beginner or expert, Aptose Biosciences' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Aptose Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Aptose. Basic forecasting techniques help filter out the noise by identifying Aptose Biosciences' price trends.View Aptose Biosciences Related Equities
| Risk & Return | Correlation |
Aptose Biosciences Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Aptose Biosciences' price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Aptose Biosciences' current price.| Cycle Indicators | ||
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Aptose Biosciences Market Strength Events
Market strength indicators help investors to evaluate how Aptose Biosciences stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Aptose Biosciences shares will generate the highest return on investment. By undertsting and applying Aptose Biosciences stock market strength indicators, traders can identify Aptose Biosciences entry and exit signals to maximize returns.
| Accumulation Distribution | 0.05 | |||
| Daily Balance Of Power | 1.0 | |||
| Rate Of Daily Change | 1.06 | |||
| Day Median Price | 0.2 | |||
| Day Typical Price | 0.19 | |||
| Market Facilitation Index | 0.01 | |||
| Period Momentum Indicator | 0.01 |
Aptose Biosciences Risk Indicators
The analysis of Aptose Biosciences' basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Aptose Biosciences' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting aptose stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 3.55 | |||
| Standard Deviation | 5.42 | |||
| Variance | 29.42 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Pair Trading with Aptose Biosciences
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Aptose Biosciences position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Aptose Biosciences will appreciate offsetting losses from the drop in the long position's value.Moving together with Aptose Stock
Moving against Aptose Stock
| 0.94 | DYAI | Dyadic International | PairCorr |
| 0.82 | ESPR | Esperion Therapeutics | PairCorr |
| 0.7 | BMY | Bristol Myers Squibb | PairCorr |
| 0.53 | GILD | Gilead Sciences Sell-off Trend | PairCorr |
| 0.51 | DNA | Ginkgo Bioworks Holdings | PairCorr |
The ability to find closely correlated positions to Aptose Biosciences could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aptose Biosciences when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Aptose Biosciences - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Aptose Biosciences to buy it.
The correlation of Aptose Biosciences is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Aptose Biosciences moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aptose Biosciences moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Aptose Biosciences can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Historical Fundamental Analysis of Aptose Biosciences to cross-verify your projections. To learn how to invest in Aptose Stock, please use our How to Invest in Aptose Biosciences guide.You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Is Biotechnology space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Aptose Biosciences. If investors know Aptose will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Aptose Biosciences listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.92) | Return On Assets (1.36) | Return On Equity (6.94) |
The market value of Aptose Biosciences is measured differently than its book value, which is the value of Aptose that is recorded on the company's balance sheet. Investors also form their own opinion of Aptose Biosciences' value that differs from its market value or its book value, called intrinsic value, which is Aptose Biosciences' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Aptose Biosciences' market value can be influenced by many factors that don't directly affect Aptose Biosciences' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Aptose Biosciences' value and its price as these two are different measures arrived at by different means. Investors typically determine if Aptose Biosciences is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aptose Biosciences' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.