Precigen Stock Forecast - Potential Upside
| PGEN Stock | USD 0.91 0.05 5.81% |
Precigen Stock Forecast is based on your current time horizon. Although Precigen's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Precigen's systematic risk associated with finding meaningful patterns of Precigen fundamentals over time.
Precigen |
| Check Precigen Volatility | Backtest Precigen | Information Ratio |
Precigen Trading Date Momentum
| On November 28 2024 Precigen was traded for 0.91 at the closing time. The top price for the day was 0.94 and the lowest listed price was 0.87 . There was no trading activity during the period 0.0. Lack of trading volume on November 28, 2024 did not cause price change. The trading delta at closing time against the current closing price is 3.30% . |
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Other Forecasting Options for Precigen
For every potential investor in Precigen, whether a beginner or expert, Precigen's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Precigen Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Precigen. Basic forecasting techniques help filter out the noise by identifying Precigen's price trends.View Precigen Related Equities
| Risk & Return | Correlation |
Precigen 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 Precigen'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 Precigen's current price.| Cycle Indicators | ||
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Precigen Market Strength Events
Market strength indicators help investors to evaluate how Precigen stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Precigen shares will generate the highest return on investment. By undertsting and applying Precigen stock market strength indicators, traders can identify Precigen entry and exit signals to maximize returns.
Precigen Risk Indicators
The analysis of Precigen'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 Precigen's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting precigen 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 | 3.15 | |||
| Standard Deviation | 3.97 | |||
| Variance | 15.74 |
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 Precigen
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 Precigen 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 Precigen will appreciate offsetting losses from the drop in the long position's value.Moving together with Precigen Stock
| 0.73 | FDMT | 4D Molecular Therapeutics | PairCorr |
| 0.68 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
Moving against Precigen Stock
| 0.58 | BMY | Bristol Myers Squibb Aggressive Push | PairCorr |
| 0.44 | ESLAW | Estrella Immunopharma | PairCorr |
| 0.44 | PHVS | Pharvaris BV | PairCorr |
| 0.42 | OPT | Opthea | PairCorr |
| 0.41 | NAMS | NewAmsterdam Pharma | PairCorr |
The ability to find closely correlated positions to Precigen could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Precigen 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 Precigen - 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 Precigen to buy it.
The correlation of Precigen 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 Precigen moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Precigen 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 Precigen 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 Precigen to cross-verify your projections. To learn how to invest in Precigen Stock, please use our How to Invest in Precigen guide.You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
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 Precigen. If investors know Precigen 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 Precigen listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.57) | Revenue Per Share 0.018 | Quarterly Revenue Growth (0.59) | Return On Assets (0.42) | Return On Equity (1.29) |
The market value of Precigen is measured differently than its book value, which is the value of Precigen that is recorded on the company's balance sheet. Investors also form their own opinion of Precigen's value that differs from its market value or its book value, called intrinsic value, which is Precigen'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 Precigen's market value can be influenced by many factors that don't directly affect Precigen'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 Precigen's value and its price as these two are different measures arrived at by different means. Investors typically determine if Precigen is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Precigen'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.