Praxis Precision Medicines Stock Probability of Future Stock Price Finishing Under 29.75
| PRAX Stock | USD 80.17 0.72 0.91% |
Closest to current price Praxis long CALL Option Payoff at Expiration
Praxis |
Praxis Precision Target Price Odds to finish below 29.75
The tendency of Praxis 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 drop to $ 29.75 or more in 90 days |
| 80.17 | 90 days | 29.75 | near 1 |
Based on a normal probability distribution, the odds of Praxis Precision to drop to $ 29.75 or more in 90 days from now is near 1 (This Praxis Precision Medicines probability density function shows the probability of Praxis Stock to fall within a particular range of prices over 90 days) . Probability of Praxis Precision Med price to stay between $ 29.75 and its current price of $80.17 at the end of the 90-day period is under 95 .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.18 indicating as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Praxis Precision will likely underperform. Additionally Praxis Precision Medicines has an alpha of 0.529, implying that it can generate a 0.53 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Praxis Precision Price Density |
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Predictive Modules for Praxis Precision
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Praxis Precision Med. 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.Praxis Precision Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Praxis Precision is not an exception. The market had few large corrections towards the Praxis Precision'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 Praxis Precision Medicines, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Praxis Precision within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.53 | |
β | Beta against Dow Jones | 1.18 | |
σ | Overall volatility | 8.42 | |
Ir | Information ratio | 0.14 |
Praxis Precision 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 Praxis Precision for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Praxis Precision Med can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Praxis Precision Med appears to be risky and price may revert if volatility continues | |
| The company reported the previous year's revenue of 2.45 M. Net Loss for the year was (123.28 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Praxis Precision Medicines currently holds about 165.4 M in cash with (111.14 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.7. | |
| Praxis Precision Med has a frail financial position based on the latest SEC disclosures | |
| Over 100.0% of the company shares are owned by institutional investors | |
| Latest headline from gurufocus.com: Praxis Precision Medicines to Showcase Updates from Largest Epilepsy Pipeline of Precision ... |
Praxis Precision 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 Praxis Stock often depends not only on the future outlook of the current and potential Praxis Precision'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. Praxis Precision's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 6.6 M | |
| Cash And Short Term Investments | 81.3 M |
Praxis Precision Technical Analysis
Praxis Precision's future price can be derived by breaking down and analyzing its technical indicators over time. Praxis Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Praxis Precision Medicines. In general, you should focus on analyzing Praxis Stock price patterns and their correlations with different microeconomic environments and drivers.
Praxis Precision Predictive Forecast Models
Praxis Precision's time-series forecasting models is one of many Praxis Precision'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 Praxis Precision'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 Praxis Precision Med
Checking the ongoing alerts about Praxis Precision for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Praxis Precision Med help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Praxis Precision Med appears to be risky and price may revert if volatility continues | |
| The company reported the previous year's revenue of 2.45 M. Net Loss for the year was (123.28 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Praxis Precision Medicines currently holds about 165.4 M in cash with (111.14 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.7. | |
| Praxis Precision Med has a frail financial position based on the latest SEC disclosures | |
| Over 100.0% of the company shares are owned by institutional investors | |
| Latest headline from gurufocus.com: Praxis Precision Medicines to Showcase Updates from Largest Epilepsy Pipeline of Precision ... |
Additional Tools for Praxis Stock Analysis
When running Praxis Precision's price analysis, check to measure Praxis Precision'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 Praxis Precision is operating at the current time. Most of Praxis Precision's value examination focuses on studying past and present price action to predict the probability of Praxis Precision's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Praxis Precision's price. Additionally, you may evaluate how the addition of Praxis Precision to your portfolios can decrease your overall portfolio volatility.