OBiO Technology (China) Probability of Future Stock Price Finishing Under 0.93
| 688238 Stock | 5.52 0.04 0.73% |
OBiO |
OBiO Technology Target Price Odds to finish below 0.93
The tendency of OBiO 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 drop to 0.93 or more in 90 days |
| 5.52 | 90 days | 0.93 | near 1 |
Based on a normal probability distribution, the odds of OBiO Technology to drop to 0.93 or more in 90 days from now is near 1 (This OBiO Technology Corp probability density function shows the probability of OBiO Stock to fall within a particular range of prices over 90 days) . Probability of OBiO Technology Corp price to stay between 0.93 and its current price of 5.52 at the end of the 90-day period is about 74.73 .
Assuming the 90 days trading horizon OBiO Technology Corp has a beta of -0.31. This suggests as returns on the benchmark increase, returns on holding OBiO Technology are expected to decrease at a much lower rate. During a bear market, however, OBiO Technology Corp is likely to outperform the market. Additionally OBiO Technology Corp has an alpha of 0.5007, implying that it can generate a 0.5 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). OBiO Technology Price Density |
| Price |
Predictive Modules for OBiO Technology
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as OBiO Technology Corp. 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.OBiO Technology Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. OBiO Technology is not an exception. The market had few large corrections towards the OBiO Technology'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 OBiO Technology Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of OBiO Technology within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.50 | |
β | Beta against Dow Jones | -0.31 | |
σ | Overall volatility | 0.78 | |
Ir | Information ratio | 0.08 |
OBiO Technology 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 OBiO Technology for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for OBiO Technology Corp can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| OBiO Technology Corp appears to be risky and price may revert if volatility continues | |
| OBiO Technology Corp has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 204.81 M. Net Loss for the year was (127.94 M) with profit before overhead, payroll, taxes, and interest of 129.37 M. | |
| OBiO Technology generates negative cash flow from operations | |
| About 30.0% of the company shares are owned by insiders or employees | |
| Latest headline from news.google.com: Orchestra BioMed Holdings, Inc.s market cap surged US23m last week, individual investors who have a lot riding on the company were rewarded - Simply Wall St |
OBiO Technology 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 OBiO Stock often depends not only on the future outlook of the current and potential OBiO Technology'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. OBiO Technology's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 647.4 M |
OBiO Technology Technical Analysis
OBiO Technology's future price can be derived by breaking down and analyzing its technical indicators over time. OBiO Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of OBiO Technology Corp. In general, you should focus on analyzing OBiO Stock price patterns and their correlations with different microeconomic environments and drivers.
OBiO Technology Predictive Forecast Models
OBiO Technology's time-series forecasting models is one of many OBiO Technology'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 OBiO Technology'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 OBiO Technology Corp
Checking the ongoing alerts about OBiO Technology for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for OBiO Technology Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| OBiO Technology Corp appears to be risky and price may revert if volatility continues | |
| OBiO Technology Corp has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 204.81 M. Net Loss for the year was (127.94 M) with profit before overhead, payroll, taxes, and interest of 129.37 M. | |
| OBiO Technology generates negative cash flow from operations | |
| About 30.0% of the company shares are owned by insiders or employees | |
| Latest headline from news.google.com: Orchestra BioMed Holdings, Inc.s market cap surged US23m last week, individual investors who have a lot riding on the company were rewarded - Simply Wall St |
Other Information on Investing in OBiO Stock
OBiO Technology financial ratios help investors to determine whether OBiO Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in OBiO with respect to the benefits of owning OBiO Technology security.