Bio Rad Laboratories Stock Odds of Future Stock Price Finishing Under 353.84
| BIO Stock | USD 340.53 2.05 0.61% |
Bio |
Bio Rad Target Price Odds to finish below 353.84
The tendency of Bio 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 $ 353.84 after 90 days |
| 340.53 | 90 days | 353.84 | about 85.34 |
Based on a normal probability distribution, the odds of Bio Rad to stay under $ 353.84 after 90 days from now is about 85.34 (This Bio Rad Laboratories probability density function shows the probability of Bio Stock to fall within a particular range of prices over 90 days) . Probability of Bio Rad Laboratories price to stay between its current price of $ 340.53 and $ 353.84 at the end of the 90-day period is about 29.14 .
Considering the 90-day investment horizon Bio Rad has a beta of 0.58 suggesting as returns on the market go up, Bio Rad average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Bio Rad Laboratories will be expected to be much smaller as well. Additionally Bio Rad Laboratories 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. Bio Rad Price Density |
| Price |
Predictive Modules for Bio Rad
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Bio Rad Laboratories. 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.Bio Rad Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Bio Rad is not an exception. The market had few large corrections towards the Bio Rad'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 Bio Rad Laboratories, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Bio Rad within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.0051 | |
β | Beta against Dow Jones | 0.58 | |
σ | Overall volatility | 14.82 | |
Ir | Information ratio | -0.03 |
Bio Rad 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 Bio Rad for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Bio Rad Laboratories can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| The company reported the last year's revenue of 2.67 B. Reported Net Loss for the year was (637.32 M) with profit before taxes, overhead, and interest of 1.57 B. | |
| Over 80.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from investing.com: Earnings call Agilent reports steady growth and strategic reorganization |
Bio Rad 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 Bio Stock often depends not only on the future outlook of the current and potential Bio Rad'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. Bio Rad's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 29.2 M | |
| Cash And Short Term Investments | 1.6 B |
Bio Rad Technical Analysis
Bio Rad's future price can be derived by breaking down and analyzing its technical indicators over time. Bio Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Bio Rad Laboratories. In general, you should focus on analyzing Bio Stock price patterns and their correlations with different microeconomic environments and drivers.
Bio Rad Predictive Forecast Models
Bio Rad's time-series forecasting models is one of many Bio Rad'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 Bio Rad'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 Bio Rad Laboratories
Checking the ongoing alerts about Bio Rad for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Bio Rad Laboratories help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| The company reported the last year's revenue of 2.67 B. Reported Net Loss for the year was (637.32 M) with profit before taxes, overhead, and interest of 1.57 B. | |
| Over 80.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from investing.com: Earnings call Agilent reports steady growth and strategic reorganization |
Check out Bio Rad Backtesting, Bio Rad Valuation, Bio Rad Correlation, Bio Rad Hype Analysis, Bio Rad Volatility, Bio Rad History as well as Bio Rad Performance. You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
Is Life Sciences Tools & Services 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 Bio Rad. If investors know Bio 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 Bio Rad listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 5.412 | Earnings Share (28.09) | Revenue Per Share 90.815 | Quarterly Revenue Growth 0.028 | Return On Assets 0.0186 |
The market value of Bio Rad Laboratories is measured differently than its book value, which is the value of Bio that is recorded on the company's balance sheet. Investors also form their own opinion of Bio Rad's value that differs from its market value or its book value, called intrinsic value, which is Bio Rad'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 Bio Rad's market value can be influenced by many factors that don't directly affect Bio Rad'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 Bio Rad's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bio Rad is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bio Rad'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.