Brightspring Health Services, Stock Probability of Future Stock Price Finishing Over 49.46
| BTSGU Stock | 67.04 0.40 0.60% |
BrightSpring |
BrightSpring Health Target Price Odds to finish over 49.46
The tendency of BrightSpring 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 above 49.46 in 90 days |
| 67.04 | 90 days | 49.46 | roughly 97.0 |
Based on a normal probability distribution, the odds of BrightSpring Health to stay above 49.46 in 90 days from now is roughly 97.0 (This BrightSpring Health Services, probability density function shows the probability of BrightSpring Stock to fall within a particular range of prices over 90 days) . Probability of BrightSpring Health price to stay between 49.46 and its current price of 67.04 at the end of the 90-day period is about 78.09 .
Assuming the 90 days horizon the stock has the beta coefficient of 1.26 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, BrightSpring Health will likely underperform. Additionally BrightSpring Health Services, has an alpha of 0.3224, implying that it can generate a 0.32 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). BrightSpring Health Price Density |
| Price |
Predictive Modules for BrightSpring Health
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as BrightSpring Health. 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.BrightSpring Health Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. BrightSpring Health is not an exception. The market had few large corrections towards the BrightSpring Health'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 BrightSpring Health Services,, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of BrightSpring Health within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.32 | |
β | Beta against Dow Jones | 1.26 | |
σ | Overall volatility | 6.46 | |
Ir | Information ratio | 0.15 |
BrightSpring Health 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 BrightSpring Health for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for BrightSpring Health 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 revenue of 8.83 B. Net Loss for the year was (154.6 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| On 1st of November 2024 BrightSpring Health paid 0.8438 per share dividend to its current shareholders | |
| Latest headline from news.google.com: BrightSpring Health Services, Inc. Receives Average Rating of Moderate Buy from Analysts - MarketBeat |
BrightSpring Health 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 BrightSpring Stock often depends not only on the future outlook of the current and potential BrightSpring Health'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. BrightSpring Health's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 171.2 M | |
| Cash And Short Term Investments | 13.1 M |
BrightSpring Health Technical Analysis
BrightSpring Health's future price can be derived by breaking down and analyzing its technical indicators over time. BrightSpring Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of BrightSpring Health Services,. In general, you should focus on analyzing BrightSpring Stock price patterns and their correlations with different microeconomic environments and drivers.
BrightSpring Health Predictive Forecast Models
BrightSpring Health's time-series forecasting models is one of many BrightSpring Health'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 BrightSpring Health'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 BrightSpring Health
Checking the ongoing alerts about BrightSpring Health for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for BrightSpring Health 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 revenue of 8.83 B. Net Loss for the year was (154.6 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| On 1st of November 2024 BrightSpring Health paid 0.8438 per share dividend to its current shareholders | |
| Latest headline from news.google.com: BrightSpring Health Services, Inc. Receives Average Rating of Moderate Buy from Analysts - MarketBeat |
Additional Tools for BrightSpring Stock Analysis
When running BrightSpring Health's price analysis, check to measure BrightSpring Health'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 BrightSpring Health is operating at the current time. Most of BrightSpring Health's value examination focuses on studying past and present price action to predict the probability of BrightSpring Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BrightSpring Health's price. Additionally, you may evaluate how the addition of BrightSpring Health to your portfolios can decrease your overall portfolio volatility.