Better Choice Stock Probability of Future Stock Price Finishing Under 1.73
| BTTR Stock | USD 1.89 0.09 5.00% |
Better |
Better Choice Target Price Odds to finish below 1.73
The tendency of Better 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 $ 1.73 or more in 90 days |
| 1.89 | 90 days | 1.73 | about 18.0 |
Based on a normal probability distribution, the odds of Better Choice to drop to $ 1.73 or more in 90 days from now is about 18.0 (This Better Choice probability density function shows the probability of Better Stock to fall within a particular range of prices over 90 days) . Probability of Better Choice price to stay between $ 1.73 and its current price of $1.89 at the end of the 90-day period is about 10.53 .
Given the investment horizon of 90 days the stock has the beta coefficient of 2.41 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, Better Choice will likely underperform. Additionally Better Choice 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. Better Choice Price Density |
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Predictive Modules for Better Choice
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Better Choice. 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 Better Choice'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.
Better Choice Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Better Choice is not an exception. The market had few large corrections towards the Better Choice'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 Better Choice, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Better Choice within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.82 | |
β | Beta against Dow Jones | 2.41 | |
σ | Overall volatility | 0.46 | |
Ir | Information ratio | -0.09 |
Better Choice 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 Better Choice for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Better Choice can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Better Choice generated a negative expected return over the last 90 days | |
| Better Choice has high historical volatility and very poor performance | |
| Better Choice may become a speculative penny stock | |
| Better Choice has a very high chance of going through financial distress in the upcoming years | |
| The company reported the previous year's revenue of 38.59 M. Net Loss for the year was (22.77 M) with profit before overhead, payroll, taxes, and interest of 15.26 M. | |
| About 22.0% of the company shares are held by company insiders | |
| Latest headline from zacks.com: Better Choice Shares Down Despite Posting Strong Q3 Earnings |
Better Choice 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 Better Stock often depends not only on the future outlook of the current and potential Better Choice'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. Better Choice's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 705.2 K | |
| Cash And Short Term Investments | 4.5 M |
Better Choice Technical Analysis
Better Choice's future price can be derived by breaking down and analyzing its technical indicators over time. Better Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Better Choice. In general, you should focus on analyzing Better Stock price patterns and their correlations with different microeconomic environments and drivers.
Better Choice Predictive Forecast Models
Better Choice's time-series forecasting models is one of many Better Choice'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 Better Choice'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 Better Choice
Checking the ongoing alerts about Better Choice for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Better Choice help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Better Choice generated a negative expected return over the last 90 days | |
| Better Choice has high historical volatility and very poor performance | |
| Better Choice may become a speculative penny stock | |
| Better Choice has a very high chance of going through financial distress in the upcoming years | |
| The company reported the previous year's revenue of 38.59 M. Net Loss for the year was (22.77 M) with profit before overhead, payroll, taxes, and interest of 15.26 M. | |
| About 22.0% of the company shares are held by company insiders | |
| Latest headline from zacks.com: Better Choice Shares Down Despite Posting Strong Q3 Earnings |
Additional Tools for Better Stock Analysis
When running Better Choice's price analysis, check to measure Better Choice'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 Better Choice is operating at the current time. Most of Better Choice's value examination focuses on studying past and present price action to predict the probability of Better Choice's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Better Choice's price. Additionally, you may evaluate how the addition of Better Choice to your portfolios can decrease your overall portfolio volatility.