Bionomics Ltd Adr Stock Probability of Future Stock Price Finishing Under 0
| BNOX Stock | USD 0.28 0.02 6.67% |
Bionomics |
Bionomics Target Price Odds to finish below 0
The tendency of Bionomics 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 $ 0.00 or more in 90 days |
| 0.28 | 90 days | 0.00 | near 1 |
Based on a normal probability distribution, the odds of Bionomics to drop to $ 0.00 or more in 90 days from now is near 1 (This Bionomics Ltd ADR probability density function shows the probability of Bionomics Stock to fall within a particular range of prices over 90 days) . Probability of Bionomics ADR price to stay between $ 0.00 and its current price of $0.28 at the end of the 90-day period is about 17.97 .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.67 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, Bionomics will likely underperform. Additionally Bionomics Ltd ADR has an alpha of 0.2442, implying that it can generate a 0.24 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Bionomics Price Density |
| Price |
Predictive Modules for Bionomics
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Bionomics ADR. 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.Bionomics Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Bionomics is not an exception. The market had few large corrections towards the Bionomics' 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 Bionomics Ltd ADR, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Bionomics within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.24 | |
β | Beta against Dow Jones | 1.67 | |
σ | Overall volatility | 0.18 | |
Ir | Information ratio | 0.01 |
Bionomics 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 Bionomics for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Bionomics ADR can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Bionomics ADR had very high historical volatility over the last 90 days | |
| Bionomics ADR has some characteristics of a very speculative penny stock | |
| The company reported the previous year's revenue of 20 K. Net Loss for the year was (15.49 M) with loss before overhead, payroll, taxes, and interest of (18.96 M). | |
| Bionomics Ltd ADR currently holds about 33.56 M in cash with (9.62 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 4.46, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Bionomics ADR has a poor financial position based on the latest SEC disclosures | |
| Roughly 34.0% of the company shares are held by company insiders | |
| Latest headline from seekingalpha.com: Bionomics files for 100M mixed securities shelf |
Bionomics 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 Bionomics Stock often depends not only on the future outlook of the current and potential Bionomics' 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. Bionomics' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 10 M | |
| Cash And Short Term Investments | 12.6 M |
Bionomics Technical Analysis
Bionomics' future price can be derived by breaking down and analyzing its technical indicators over time. Bionomics Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Bionomics Ltd ADR. In general, you should focus on analyzing Bionomics Stock price patterns and their correlations with different microeconomic environments and drivers.
Bionomics Predictive Forecast Models
Bionomics' time-series forecasting models is one of many Bionomics' 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 Bionomics' 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 Bionomics ADR
Checking the ongoing alerts about Bionomics for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Bionomics ADR help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Bionomics ADR had very high historical volatility over the last 90 days | |
| Bionomics ADR has some characteristics of a very speculative penny stock | |
| The company reported the previous year's revenue of 20 K. Net Loss for the year was (15.49 M) with loss before overhead, payroll, taxes, and interest of (18.96 M). | |
| Bionomics Ltd ADR currently holds about 33.56 M in cash with (9.62 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 4.46, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Bionomics ADR has a poor financial position based on the latest SEC disclosures | |
| Roughly 34.0% of the company shares are held by company insiders | |
| Latest headline from seekingalpha.com: Bionomics files for 100M mixed securities shelf |
Additional Tools for Bionomics Stock Analysis
When running Bionomics' price analysis, check to measure Bionomics' 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 Bionomics is operating at the current time. Most of Bionomics' value examination focuses on studying past and present price action to predict the probability of Bionomics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bionomics' price. Additionally, you may evaluate how the addition of Bionomics to your portfolios can decrease your overall portfolio volatility.