Neupath Health Stock Probability of Future Stock Price Finishing Under 0.17
| NPTH Stock | CAD 0.16 0.01 5.88% |
NeuPath |
NeuPath Health Target Price Odds to finish below 0.17
The tendency of NeuPath 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 C$ 0.17 after 90 days |
| 0.16 | 90 days | 0.17 | about 49.79 |
Based on a normal probability distribution, the odds of NeuPath Health to stay under C$ 0.17 after 90 days from now is about 49.79 (This NeuPath Health probability density function shows the probability of NeuPath Stock to fall within a particular range of prices over 90 days) . Probability of NeuPath Health price to stay between its current price of C$ 0.16 and C$ 0.17 at the end of the 90-day period is about 33.18 .
Assuming the 90 days trading horizon NeuPath Health has a beta of -0.34. This indicates as returns on the benchmark increase, returns on holding NeuPath Health are expected to decrease at a much lower rate. During a bear market, however, NeuPath Health is likely to outperform the market. Additionally NeuPath Health 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. NeuPath Health Price Density |
| Price |
Predictive Modules for NeuPath Health
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as NeuPath Health. 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.NeuPath Health Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. NeuPath Health is not an exception. The market had few large corrections towards the NeuPath Health'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 NeuPath Health, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of NeuPath Health within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.17 | |
β | Beta against Dow Jones | -0.34 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | -0.1 |
NeuPath Health 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 NeuPath Health for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for NeuPath Health can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| NeuPath Health generated a negative expected return over the last 90 days | |
| NeuPath Health has some characteristics of a very speculative penny stock | |
| NeuPath Health has high historical volatility and very poor performance | |
| The company reported the revenue of 66.1 M. Net Loss for the year was (107 K) with profit before overhead, payroll, taxes, and interest of 10.82 M. |
NeuPath Health 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 NeuPath Stock often depends not only on the future outlook of the current and potential NeuPath Health'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. NeuPath Health's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 56.3 M |
NeuPath Health Technical Analysis
NeuPath Health's future price can be derived by breaking down and analyzing its technical indicators over time. NeuPath Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of NeuPath Health. In general, you should focus on analyzing NeuPath Stock price patterns and their correlations with different microeconomic environments and drivers.
NeuPath Health Predictive Forecast Models
NeuPath Health's time-series forecasting models is one of many NeuPath Health'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 NeuPath Health'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 NeuPath Health
Checking the ongoing alerts about NeuPath Health for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for NeuPath Health help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| NeuPath Health generated a negative expected return over the last 90 days | |
| NeuPath Health has some characteristics of a very speculative penny stock | |
| NeuPath Health has high historical volatility and very poor performance | |
| The company reported the revenue of 66.1 M. Net Loss for the year was (107 K) with profit before overhead, payroll, taxes, and interest of 10.82 M. |
Additional Tools for NeuPath Stock Analysis
When running NeuPath Health's price analysis, check to measure NeuPath Health's 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 NeuPath Health is operating at the current time. Most of NeuPath Health's value examination focuses on studying past and present price action to predict the probability of NeuPath Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NeuPath Health's price. Additionally, you may evaluate how the addition of NeuPath Health to your portfolios can decrease your overall portfolio volatility.