Axonics Modulation Technologies Probability of Future Stock Price Finishing Under 68.08
| AXNXDelisted Stock | USD 70.98 0.48 0.68% |
Axonics |
Axonics Modulation Target Price Odds to finish below 68.08
The tendency of Axonics 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 $ 68.08 or more in 90 days |
| 70.98 | 90 days | 68.08 | near 1 |
Based on a normal probability distribution, the odds of Axonics Modulation to drop to $ 68.08 or more in 90 days from now is near 1 (This Axonics Modulation Technologies probability density function shows the probability of Axonics Stock to fall within a particular range of prices over 90 days) . Probability of Axonics Modulation price to stay between $ 68.08 and its current price of $70.98 at the end of the 90-day period is about 97.0 .
Given the investment horizon of 90 days Axonics Modulation Technologies has a beta of -0.0126. This suggests as returns on the benchmark increase, returns on holding Axonics Modulation are expected to decrease at a much lower rate. During a bear market, however, Axonics Modulation Technologies is likely to outperform the market. Additionally Axonics Modulation Technologies has an alpha of 0.0428, implying that it can generate a 0.0428 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Axonics Modulation Price Density |
| Price |
Predictive Modules for Axonics Modulation
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Axonics Modulation. 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.Axonics Modulation Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Axonics Modulation is not an exception. The market had few large corrections towards the Axonics Modulation'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 Axonics Modulation Technologies, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Axonics Modulation within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.04 | |
β | Beta against Dow Jones | -0.01 | |
σ | Overall volatility | 0.66 | |
Ir | Information ratio | -0.31 |
Axonics Modulation 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 Axonics Modulation for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Axonics Modulation can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Axonics Modulation is not yet fully synchronised with the market data | |
| Axonics Modulation has a very high chance of going through financial distress in the upcoming years | |
| The company reported the previous year's revenue of 366.38 M. Net Loss for the year was (6.09 M) with profit before overhead, payroll, taxes, and interest of 197.66 M. | |
| Axonics Modulation Technologies currently holds about 213.23 M in cash with (2.02 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 4.53. | |
| Over 87.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from MacroaxisInsider: Disposition of 2083 shares by Kari Keese of Axonics Modulation subject to Rule 16b-3 |
Axonics Modulation 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 Axonics Stock often depends not only on the future outlook of the current and potential Axonics Modulation'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. Axonics Modulation's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 49.1 M | |
| Cash And Short Term Investments | 345 M |
Axonics Modulation Technical Analysis
Axonics Modulation's future price can be derived by breaking down and analyzing its technical indicators over time. Axonics Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Axonics Modulation Technologies. In general, you should focus on analyzing Axonics Stock price patterns and their correlations with different microeconomic environments and drivers.
Axonics Modulation Predictive Forecast Models
Axonics Modulation's time-series forecasting models is one of many Axonics Modulation'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 Axonics Modulation'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 Axonics Modulation
Checking the ongoing alerts about Axonics Modulation for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Axonics Modulation help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Axonics Modulation is not yet fully synchronised with the market data | |
| Axonics Modulation has a very high chance of going through financial distress in the upcoming years | |
| The company reported the previous year's revenue of 366.38 M. Net Loss for the year was (6.09 M) with profit before overhead, payroll, taxes, and interest of 197.66 M. | |
| Axonics Modulation Technologies currently holds about 213.23 M in cash with (2.02 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 4.53. | |
| Over 87.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from MacroaxisInsider: Disposition of 2083 shares by Kari Keese of Axonics Modulation subject to Rule 16b-3 |
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
Other Consideration for investing in Axonics Stock
If you are still planning to invest in Axonics Modulation check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Axonics Modulation's history and understand the potential risks before investing.
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