Microbix Biosystems Stock Probability of Future Stock Price Finishing Over 0.33
| MBX Stock | CAD 0.31 0.01 3.13% |
Microbix |
Microbix Biosystems Target Price Odds to finish over 0.33
The tendency of Microbix 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 C$ 0.33 or more in 90 days |
| 0.31 | 90 days | 0.33 | about 68.63 |
Based on a normal probability distribution, the odds of Microbix Biosystems to move over C$ 0.33 or more in 90 days from now is about 68.63 (This Microbix Biosystems probability density function shows the probability of Microbix Stock to fall within a particular range of prices over 90 days) . Probability of Microbix Biosystems price to stay between its current price of C$ 0.31 and C$ 0.33 at the end of the 90-day period is about 24.1 .
Assuming the 90 days trading horizon Microbix Biosystems has a beta of 0.0263. This indicates as returns on the market go up, Microbix Biosystems average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Microbix Biosystems will be expected to be much smaller as well. Additionally Microbix Biosystems 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. Microbix Biosystems Price Density |
| Price |
Predictive Modules for Microbix Biosystems
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Microbix Biosystems. 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.Microbix Biosystems Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Microbix Biosystems is not an exception. The market had few large corrections towards the Microbix Biosystems' 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 Microbix Biosystems, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Microbix Biosystems within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.3 | |
β | Beta against Dow Jones | 0.03 | |
σ | Overall volatility | 0.02 | |
Ir | Information ratio | -0.22 |
Microbix Biosystems 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 Microbix Biosystems for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Microbix Biosystems can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Microbix Biosystems generated a negative expected return over the last 90 days | |
| Microbix Biosystems has some characteristics of a very speculative penny stock | |
| The company reported the revenue of 16.51 M. Net Loss for the year was (39.48 K) with profit before overhead, payroll, taxes, and interest of 11.12 M. | |
| Microbix Biosystems has accumulated about 402.12 K in cash with (1.09 M) of positive cash flow from operations. | |
| Roughly 14.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Stocks In Play Microbix Biosystems Inc. - Barchart |
Microbix Biosystems 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 Microbix Stock often depends not only on the future outlook of the current and potential Microbix Biosystems' 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. Microbix Biosystems' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 137.9 M | |
| Cash And Short Term Investments | 11.6 M |
Microbix Biosystems Technical Analysis
Microbix Biosystems' future price can be derived by breaking down and analyzing its technical indicators over time. Microbix Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Microbix Biosystems. In general, you should focus on analyzing Microbix Stock price patterns and their correlations with different microeconomic environments and drivers.
Microbix Biosystems Predictive Forecast Models
Microbix Biosystems' time-series forecasting models is one of many Microbix Biosystems' 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 Microbix Biosystems' 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 Microbix Biosystems
Checking the ongoing alerts about Microbix Biosystems for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Microbix Biosystems help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Microbix Biosystems generated a negative expected return over the last 90 days | |
| Microbix Biosystems has some characteristics of a very speculative penny stock | |
| The company reported the revenue of 16.51 M. Net Loss for the year was (39.48 K) with profit before overhead, payroll, taxes, and interest of 11.12 M. | |
| Microbix Biosystems has accumulated about 402.12 K in cash with (1.09 M) of positive cash flow from operations. | |
| Roughly 14.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Stocks In Play Microbix Biosystems Inc. - Barchart |
Other Information on Investing in Microbix Stock
Microbix Biosystems financial ratios help investors to determine whether Microbix Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Microbix with respect to the benefits of owning Microbix Biosystems security.