Modular Medical Stock Probability of Future Stock Price Finishing Under 1.77
| MODD Stock | USD 1.70 0.06 3.66% |
Modular |
Modular Medical Target Price Odds to finish below 1.77
The tendency of Modular 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 under $ 1.77 after 90 days |
| 1.70 | 90 days | 1.77 | roughly 2.55 |
Based on a normal probability distribution, the odds of Modular Medical to stay under $ 1.77 after 90 days from now is roughly 2.55 (This Modular Medical probability density function shows the probability of Modular Stock to fall within a particular range of prices over 90 days) . Probability of Modular Medical price to stay between its current price of $ 1.70 and $ 1.77 at the end of the 90-day period is about 1.55 .
Given the investment horizon of 90 days Modular Medical has a beta of -0.47. This indicates as returns on the benchmark increase, returns on holding Modular Medical are expected to decrease at a much lower rate. During a bear market, however, Modular Medical is likely to outperform the market. Additionally Modular Medical has an alpha of 0.0283, implying that it can generate a 0.0283 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Modular Medical Price Density |
| Price |
Predictive Modules for Modular Medical
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Modular Medical. 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 Modular Medical'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.
Modular Medical Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Modular Medical is not an exception. The market had few large corrections towards the Modular Medical'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 Modular Medical, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Modular Medical within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.03 | |
β | Beta against Dow Jones | -0.47 | |
σ | Overall volatility | 0.19 | |
Ir | Information ratio | -0.04 |
Modular Medical 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 Modular Medical for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Modular Medical can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Modular Medical generated a negative expected return over the last 90 days | |
| Modular Medical may become a speculative penny stock | |
| Modular Medical has high historical volatility and very poor performance | |
| Net Loss for the year was (17.47 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Modular Medical currently holds about 13.7 M in cash with (13.95 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.25. | |
| Modular Medical has a frail financial position based on the latest SEC disclosures | |
| Latest headline from investing.com: Modular medical sees insider purchase of 168,950 worth of stock |
Modular Medical 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 Modular Stock often depends not only on the future outlook of the current and potential Modular Medical'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. Modular Medical's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 22.4 M | |
| Cash And Short Term Investments | 9.2 M |
Modular Medical Technical Analysis
Modular Medical's future price can be derived by breaking down and analyzing its technical indicators over time. Modular Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Modular Medical. In general, you should focus on analyzing Modular Stock price patterns and their correlations with different microeconomic environments and drivers.
Modular Medical Predictive Forecast Models
Modular Medical's time-series forecasting models is one of many Modular Medical'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 Modular Medical'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 Modular Medical
Checking the ongoing alerts about Modular Medical for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Modular Medical help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Modular Medical generated a negative expected return over the last 90 days | |
| Modular Medical may become a speculative penny stock | |
| Modular Medical has high historical volatility and very poor performance | |
| Net Loss for the year was (17.47 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Modular Medical currently holds about 13.7 M in cash with (13.95 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.25. | |
| Modular Medical has a frail financial position based on the latest SEC disclosures | |
| Latest headline from investing.com: Modular medical sees insider purchase of 168,950 worth of stock |
Check out Modular Medical Backtesting, Modular Medical Valuation, Modular Medical Correlation, Modular Medical Hype Analysis, Modular Medical Volatility, Modular Medical History as well as Modular Medical Performance. For information on how to trade Modular Stock refer to our How to Trade Modular Stock guide.You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Is Health Care Equipment & Supplies 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 Modular Medical. If investors know Modular 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 Modular Medical listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.65) | Return On Assets (0.95) | Return On Equity (1.83) |
The market value of Modular Medical is measured differently than its book value, which is the value of Modular that is recorded on the company's balance sheet. Investors also form their own opinion of Modular Medical's value that differs from its market value or its book value, called intrinsic value, which is Modular Medical'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 Modular Medical's market value can be influenced by many factors that don't directly affect Modular Medical'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 Modular Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Modular Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Modular Medical'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.