Inmed Pharmaceuticals Stock Probability of Future Stock Price Finishing Over 24.86
| INM Stock | USD 4.30 0.23 5.08% |
InMed |
InMed Pharmaceuticals Target Price Odds to finish over 24.86
The tendency of InMed 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 $ 24.86 or more in 90 days |
| 4.30 | 90 days | 24.86 | close to zero percent |
Based on a normal probability distribution, the odds of InMed Pharmaceuticals to move over $ 24.86 or more in 90 days from now is close to zero percent (This InMed Pharmaceuticals probability density function shows the probability of InMed Stock to fall within a particular range of prices over 90 days) . Probability of InMed Pharmaceuticals price to stay between its current price of $ 4.30 and $ 24.86 at the end of the 90-day period is about 81.89 .
Considering the 90-day investment horizon InMed Pharmaceuticals has a beta of 0.26. This usually indicates as returns on the market go up, InMed Pharmaceuticals average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding InMed Pharmaceuticals will be expected to be much smaller as well. Additionally InMed Pharmaceuticals 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. InMed Pharmaceuticals Price Density |
| Price |
Predictive Modules for InMed Pharmaceuticals
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as InMed Pharmaceuticals. 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.InMed Pharmaceuticals Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. InMed Pharmaceuticals is not an exception. The market had few large corrections towards the InMed Pharmaceuticals' 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 InMed Pharmaceuticals, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of InMed Pharmaceuticals within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.76 | |
β | Beta against Dow Jones | 0.26 | |
σ | Overall volatility | 0.90 | |
Ir | Information ratio | -0.12 |
InMed Pharmaceuticals 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 InMed Pharmaceuticals for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for InMed Pharmaceuticals can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| InMed Pharmaceuticals generated a negative expected return over the last 90 days | |
| InMed Pharmaceuticals has high historical volatility and very poor performance | |
| InMed Pharmaceuticals has a very high chance of going through financial distress in the upcoming years | |
| The company reported the last year's revenue of 4.6 M. Reported Net Loss for the year was (7.68 M) with profit before taxes, overhead, and interest of 1.4 M. | |
| InMed Pharmaceuticals has about 9.35 M in cash with (6.99 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 9.98, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| InMed Pharmaceuticals has a poor financial position based on the latest SEC disclosures | |
| Latest headline from news.google.com: InMed Pharmaceuticals Price-to-Free-Cash-Flow NA - GuruFocus.com |
InMed Pharmaceuticals 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 InMed Stock often depends not only on the future outlook of the current and potential InMed Pharmaceuticals' 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. InMed Pharmaceuticals' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 7.6 M | |
| Cash And Short Term Investments | 6.6 M |
InMed Pharmaceuticals Technical Analysis
InMed Pharmaceuticals' future price can be derived by breaking down and analyzing its technical indicators over time. InMed Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of InMed Pharmaceuticals. In general, you should focus on analyzing InMed Stock price patterns and their correlations with different microeconomic environments and drivers.
InMed Pharmaceuticals Predictive Forecast Models
InMed Pharmaceuticals' time-series forecasting models is one of many InMed Pharmaceuticals' 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 InMed Pharmaceuticals' 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 InMed Pharmaceuticals
Checking the ongoing alerts about InMed Pharmaceuticals for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for InMed Pharmaceuticals help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| InMed Pharmaceuticals generated a negative expected return over the last 90 days | |
| InMed Pharmaceuticals has high historical volatility and very poor performance | |
| InMed Pharmaceuticals has a very high chance of going through financial distress in the upcoming years | |
| The company reported the last year's revenue of 4.6 M. Reported Net Loss for the year was (7.68 M) with profit before taxes, overhead, and interest of 1.4 M. | |
| InMed Pharmaceuticals has about 9.35 M in cash with (6.99 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 9.98, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| InMed Pharmaceuticals has a poor financial position based on the latest SEC disclosures | |
| Latest headline from news.google.com: InMed Pharmaceuticals Price-to-Free-Cash-Flow NA - GuruFocus.com |
Check out InMed Pharmaceuticals Backtesting, InMed Pharmaceuticals Valuation, InMed Pharmaceuticals Correlation, InMed Pharmaceuticals Hype Analysis, InMed Pharmaceuticals Volatility, InMed Pharmaceuticals History as well as InMed Pharmaceuticals Performance. To learn how to invest in InMed Stock, please use our How to Invest in InMed Pharmaceuticals guide.You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Is Biotechnology 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 InMed Pharmaceuticals. If investors know InMed 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 InMed Pharmaceuticals listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 230.4 | Revenue Per Share 0.603 | Quarterly Revenue Growth (0.45) | Return On Assets (0.39) | Return On Equity (0.72) |
The market value of InMed Pharmaceuticals is measured differently than its book value, which is the value of InMed that is recorded on the company's balance sheet. Investors also form their own opinion of InMed Pharmaceuticals' value that differs from its market value or its book value, called intrinsic value, which is InMed Pharmaceuticals' 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 InMed Pharmaceuticals' market value can be influenced by many factors that don't directly affect InMed Pharmaceuticals' 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 InMed Pharmaceuticals' value and its price as these two are different measures arrived at by different means. Investors typically determine if InMed Pharmaceuticals is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, InMed Pharmaceuticals' 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.