23andme Holding Co Stock Probability of Future Stock Price Finishing Over 3.2
| ME Stock | USD 3.23 0.08 2.54% |
Closest to current price 23Andme long CALL Option Payoff at Expiration
23Andme |
23Andme Holding Target Price Odds to finish over 3.2
The tendency of 23Andme 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 $ 3.20 in 90 days |
| 3.23 | 90 days | 3.20 | about 99.0 |
Based on a normal probability distribution, the odds of 23Andme Holding to stay above $ 3.20 in 90 days from now is about 99.0 (This 23Andme Holding Co probability density function shows the probability of 23Andme Stock to fall within a particular range of prices over 90 days) . Probability of 23Andme Holding price to stay between $ 3.20 and its current price of $3.23 at the end of the 90-day period is near 1 .
Allowing for the 90-day total investment horizon 23Andme Holding has a beta of 0.69. This indicates as returns on the market go up, 23Andme Holding average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding 23Andme Holding Co will be expected to be much smaller as well. Additionally 23Andme Holding Co 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. 23Andme Holding Price Density |
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Predictive Modules for 23Andme Holding
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as 23Andme Holding. 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 23Andme Holding'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.
23Andme Holding Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. 23Andme Holding is not an exception. The market had few large corrections towards the 23Andme Holding'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 23Andme Holding Co, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of 23Andme Holding within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -1.08 | |
β | Beta against Dow Jones | 0.69 | |
σ | Overall volatility | 1.12 | |
Ir | Information ratio | -0.17 |
23Andme Holding 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 23Andme Holding for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for 23Andme Holding can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| 23Andme Holding generated a negative expected return over the last 90 days | |
| 23Andme Holding has high historical volatility and very poor performance | |
| 23Andme Holding has a very high chance of going through financial distress in the upcoming years | |
| The company generated the yearly revenue of 219.64 M. Annual Net Loss to common stockholders was (666.7 M) with gross profit of 132.94 M. | |
| 23Andme Holding Co reports about 410.89 M in cash with (164.32 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.9. | |
| Latest headline from gurufocus.com: 23andMe and Mirador Therapeutics Enter Into Strategic Research Collaboration to Advance ... |
23Andme Holding 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 23Andme Stock often depends not only on the future outlook of the current and potential 23Andme Holding'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. 23Andme Holding's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 23.8 M | |
| Cash And Short Term Investments | 217.9 M |
23Andme Holding Technical Analysis
23Andme Holding's future price can be derived by breaking down and analyzing its technical indicators over time. 23Andme Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of 23Andme Holding Co. In general, you should focus on analyzing 23Andme Stock price patterns and their correlations with different microeconomic environments and drivers.
23Andme Holding Predictive Forecast Models
23Andme Holding's time-series forecasting models is one of many 23Andme Holding'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 23Andme Holding'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 23Andme Holding
Checking the ongoing alerts about 23Andme Holding for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for 23Andme Holding help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| 23Andme Holding generated a negative expected return over the last 90 days | |
| 23Andme Holding has high historical volatility and very poor performance | |
| 23Andme Holding has a very high chance of going through financial distress in the upcoming years | |
| The company generated the yearly revenue of 219.64 M. Annual Net Loss to common stockholders was (666.7 M) with gross profit of 132.94 M. | |
| 23Andme Holding Co reports about 410.89 M in cash with (164.32 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.9. | |
| Latest headline from gurufocus.com: 23andMe and Mirador Therapeutics Enter Into Strategic Research Collaboration to Advance ... |
Check out 23Andme Holding Backtesting, 23Andme Holding Valuation, 23Andme Holding Correlation, 23Andme Holding Hype Analysis, 23Andme Holding Volatility, 23Andme Holding History as well as 23Andme Holding Performance. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
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 23Andme Holding. If investors know 23Andme 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 23Andme Holding listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (122.52) | Revenue Per Share 8.224 | Quarterly Revenue Growth (0.34) | Return On Assets (0.26) | Return On Equity (1.54) |
The market value of 23Andme Holding is measured differently than its book value, which is the value of 23Andme that is recorded on the company's balance sheet. Investors also form their own opinion of 23Andme Holding's value that differs from its market value or its book value, called intrinsic value, which is 23Andme Holding's 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 23Andme Holding's market value can be influenced by many factors that don't directly affect 23Andme Holding's 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 23Andme Holding's value and its price as these two are different measures arrived at by different means. Investors typically determine if 23Andme Holding is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 23Andme Holding's 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.