Black Diamond Therapeutics Stock Probability of Future Stock Price Finishing Under 5.42
| BDTX Stock | USD 2.65 0.08 3.11% |
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Black Diamond Target Price Odds to finish below 5.42
The tendency of Black 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 stay under $ 5.42 after 90 days |
| 2.65 | 90 days | 5.42 | about 90.51 |
Based on a normal probability distribution, the odds of Black Diamond to stay under $ 5.42 after 90 days from now is about 90.51 (This Black Diamond Therapeutics probability density function shows the probability of Black Stock to fall within a particular range of prices over 90 days) . Probability of Black Diamond Therap price to stay between its current price of $ 2.65 and $ 5.42 at the end of the 90-day period is about 75.49 .
Given the investment horizon of 90 days the stock has the beta coefficient of 2.21 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Black Diamond will likely underperform. Additionally Black Diamond Therapeutics has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Black Diamond Price Density |
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Predictive Modules for Black Diamond
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Black Diamond Therap. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Black Diamond's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Black Diamond Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Black Diamond is not an exception. The market had few large corrections towards the Black Diamond'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 Black Diamond Therapeutics, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Black Diamond within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -1.52 | |
β | Beta against Dow Jones | 2.21 | |
σ | Overall volatility | 1.18 | |
Ir | Information ratio | -0.31 |
Black Diamond 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 Black Diamond for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Black Diamond Therap can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Black Diamond Therap generated a negative expected return over the last 90 days | |
| Black Diamond Therap has high historical volatility and very poor performance | |
| Black Diamond Therap has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (82.44 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Black Diamond Therapeutics currently holds about 160.89 M in cash with (66.72 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 4.43, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Black Diamond Therap has a frail financial position based on the latest SEC disclosures | |
| Over 99.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from gurufocus.com: T. Rowe Price Investment Management, Inc. Expands Stake in Black Diamond Therapeutics Inc |
Black Diamond 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 Black Stock often depends not only on the future outlook of the current and potential Black Diamond'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. Black Diamond's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 44 M | |
| Cash And Short Term Investments | 131.4 M |
Black Diamond Technical Analysis
Black Diamond's future price can be derived by breaking down and analyzing its technical indicators over time. Black Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Black Diamond Therapeutics. In general, you should focus on analyzing Black Stock price patterns and their correlations with different microeconomic environments and drivers.
Black Diamond Predictive Forecast Models
Black Diamond's time-series forecasting models is one of many Black Diamond'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 Black Diamond'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 Black Diamond Therap
Checking the ongoing alerts about Black Diamond for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Black Diamond Therap help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Black Diamond Therap generated a negative expected return over the last 90 days | |
| Black Diamond Therap has high historical volatility and very poor performance | |
| Black Diamond Therap has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (82.44 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Black Diamond Therapeutics currently holds about 160.89 M in cash with (66.72 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 4.43, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Black Diamond Therap has a frail financial position based on the latest SEC disclosures | |
| Over 99.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from gurufocus.com: T. Rowe Price Investment Management, Inc. Expands Stake in Black Diamond Therapeutics Inc |
Additional Tools for Black Stock Analysis
When running Black Diamond's price analysis, check to measure Black Diamond's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Black Diamond is operating at the current time. Most of Black Diamond's value examination focuses on studying past and present price action to predict the probability of Black Diamond's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Black Diamond's price. Additionally, you may evaluate how the addition of Black Diamond to your portfolios can decrease your overall portfolio volatility.