Codexis Stock Odds of Future Stock Price Finishing Over 8.28
| CDXS Stock | USD 4.61 0.28 6.47% |
Codexis |
Codexis Target Price Odds to finish over 8.28
The tendency of Codexis 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 move over $ 8.28 or more in 90 days |
| 4.61 | 90 days | 8.28 | close to zero percent |
Based on a normal probability distribution, the odds of Codexis to move over $ 8.28 or more in 90 days from now is close to zero percent (This Codexis probability density function shows the probability of Codexis Stock to fall within a particular range of prices over 90 days) . Probability of Codexis price to stay between its current price of $ 4.61 and $ 8.28 at the end of the 90-day period is near 1 .
Given the investment horizon of 90 days Codexis has a beta of 0.61 suggesting as returns on the market go up, Codexis average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Codexis will be expected to be much smaller as well. Additionally Codexis has an alpha of 0.5818, implying that it can generate a 0.58 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Codexis Price Density |
| Price |
Predictive Modules for Codexis
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Codexis. 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 Codexis' 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.
Codexis Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Codexis is not an exception. The market had few large corrections towards the Codexis' 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 Codexis, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Codexis within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.58 | |
β | Beta against Dow Jones | 0.61 | |
σ | Overall volatility | 0.43 | |
Ir | Information ratio | 0.13 |
Codexis 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 Codexis for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Codexis can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Codexis appears to be risky and price may revert if volatility continues | |
| The company reported the previous year's revenue of 70.14 M. Net Loss for the year was (76.24 M) with profit before overhead, payroll, taxes, and interest of 20.46 M. | |
| Codexis currently holds about 90.11 M in cash with (52.64 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.38. | |
| Over 80.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from news.google.com: Codexis Given Overweight Rating at Cantor Fitzgerald - MarketBeat |
Codexis 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 Codexis Stock often depends not only on the future outlook of the current and potential Codexis' 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. Codexis' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 68.1 M | |
| Cash And Short Term Investments | 65.1 M |
Codexis Technical Analysis
Codexis' future price can be derived by breaking down and analyzing its technical indicators over time. Codexis Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Codexis. In general, you should focus on analyzing Codexis Stock price patterns and their correlations with different microeconomic environments and drivers.
Codexis Predictive Forecast Models
Codexis' time-series forecasting models is one of many Codexis' 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 Codexis' 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 Codexis
Checking the ongoing alerts about Codexis for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Codexis help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Codexis appears to be risky and price may revert if volatility continues | |
| The company reported the previous year's revenue of 70.14 M. Net Loss for the year was (76.24 M) with profit before overhead, payroll, taxes, and interest of 20.46 M. | |
| Codexis currently holds about 90.11 M in cash with (52.64 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.38. | |
| Over 80.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from news.google.com: Codexis Given Overweight Rating at Cantor Fitzgerald - MarketBeat |
Additional Tools for Codexis Stock Analysis
When running Codexis' price analysis, check to measure Codexis' 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 Codexis is operating at the current time. Most of Codexis' value examination focuses on studying past and present price action to predict the probability of Codexis' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Codexis' price. Additionally, you may evaluate how the addition of Codexis to your portfolios can decrease your overall portfolio volatility.