Passage Bio Stock Forecast - Information Ratio
| PASG Stock | USD 1.13 0.46 68.66% |
Passage Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Passage Bio's historical fundamentals, such as revenue growth or operating cash flow patterns.
Passage |
| Check Passage Bio Volatility | Backtest Passage Bio | Information Ratio |
Passage Bio Trading Date Momentum
| On November 29 2024 Passage Bio was traded for 1.13 at the closing time. The top price for the day was 1.33 and the lowest listed price was 0.77 . The trading volume for the day was 15.4 M. The trading history from November 29, 2024 did not cause price change. The trading delta at closing time against the current closing price is 30.97% . |
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Other Forecasting Options for Passage Bio
For every potential investor in Passage, whether a beginner or expert, Passage Bio's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Passage Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Passage. Basic forecasting techniques help filter out the noise by identifying Passage Bio's price trends.Passage Bio Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Passage Bio stock to make a market-neutral strategy. Peer analysis of Passage Bio could also be used in its relative valuation, which is a method of valuing Passage Bio by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Passage Bio 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 Passage Bio's 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 Passage Bio's current price.| Cycle Indicators | ||
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Passage Bio Market Strength Events
Market strength indicators help investors to evaluate how Passage Bio stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Passage Bio shares will generate the highest return on investment. By undertsting and applying Passage Bio stock market strength indicators, traders can identify Passage Bio entry and exit signals to maximize returns.
| Accumulation Distribution | 6.5 M | |||
| Daily Balance Of Power | 0.8214 | |||
| Rate Of Daily Change | 1.69 | |||
| Day Median Price | 1.05 | |||
| Day Typical Price | 1.08 | |||
| Price Action Indicator | 0.31 | |||
| Period Momentum Indicator | 0.46 |
Passage Bio Risk Indicators
The analysis of Passage Bio's 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 Passage Bio's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting passage 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 | 5.09 | |||
| Semi Deviation | 5.96 | |||
| Standard Deviation | 6.8 | |||
| Variance | 46.29 | |||
| Downside Variance | 49.29 | |||
| Semi Variance | 35.53 | |||
| Expected Short fall | (5.86) |
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.
Currently Active Assets on Macroaxis
When determining whether Passage Bio is a strong investment it is important to analyze Passage Bio's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Passage Bio's future performance. For an informed investment choice regarding Passage Stock, refer to the following important reports:Check out Historical Fundamental Analysis of Passage Bio to cross-verify your projections. For more detail on how to invest in Passage Stock please use our How to Invest in Passage Bio guide.You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
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 Passage Bio. If investors know Passage 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 Passage Bio listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.17) | Return On Assets (0.34) | Return On Equity (0.64) |
The market value of Passage Bio is measured differently than its book value, which is the value of Passage that is recorded on the company's balance sheet. Investors also form their own opinion of Passage Bio's value that differs from its market value or its book value, called intrinsic value, which is Passage Bio's 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 Passage Bio's market value can be influenced by many factors that don't directly affect Passage Bio's 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 Passage Bio's value and its price as these two are different measures arrived at by different means. Investors typically determine if Passage Bio is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Passage Bio's 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.