Profound Medical Corp Stock Probability of Future Stock Price Finishing Under 4.60
| PROF Stock | USD 7.55 0.03 0.40% |
Profound |
Profound Medical Target Price Odds to finish below 4.60
The tendency of Profound 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 $ 4.60 or more in 90 days |
| 7.55 | 90 days | 4.60 | near 1 |
Based on a normal probability distribution, the odds of Profound Medical to drop to $ 4.60 or more in 90 days from now is near 1 (This Profound Medical Corp probability density function shows the probability of Profound Stock to fall within a particular range of prices over 90 days) . Probability of Profound Medical Corp price to stay between $ 4.60 and its current price of $7.55 at the end of the 90-day period is about 22.92 .
Given the investment horizon of 90 days Profound Medical has a beta of 0.55 indicating as returns on the market go up, Profound Medical average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Profound Medical Corp will be expected to be much smaller as well. Additionally Profound Medical Corp 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. Profound Medical Price Density |
| Price |
Predictive Modules for Profound 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 Profound Medical Corp. 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.Profound Medical Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Profound Medical is not an exception. The market had few large corrections towards the Profound 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 Profound Medical Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Profound Medical within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.35 | |
β | Beta against Dow Jones | 0.55 | |
σ | Overall volatility | 0.54 | |
Ir | Information ratio | -0.13 |
Profound 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 Profound Medical for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Profound Medical Corp can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Profound Medical generated a negative expected return over the last 90 days | |
| Profound Medical has high historical volatility and very poor performance | |
| The company reported the previous year's revenue of 7.33 M. Net Loss for the year was (29.09 M) with profit before overhead, payroll, taxes, and interest of 3.02 M. | |
| Profound Medical Corp currently holds about 46.21 M in cash with (22.3 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.21. | |
| Profound Medical has a frail financial position based on the latest SEC disclosures | |
| Latest headline from thelincolnianonline.com: MTM Investment Management LLC Sells 2,050 Shares of Profound Medical Corp. |
Profound 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 Profound Stock often depends not only on the future outlook of the current and potential Profound 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. Profound Medical's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 21.2 M | |
| Cash And Short Term Investments | 26.1 M |
Profound Medical Technical Analysis
Profound Medical's future price can be derived by breaking down and analyzing its technical indicators over time. Profound Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Profound Medical Corp. In general, you should focus on analyzing Profound Stock price patterns and their correlations with different microeconomic environments and drivers.
Profound Medical Predictive Forecast Models
Profound Medical's time-series forecasting models is one of many Profound 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 Profound 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 Profound Medical Corp
Checking the ongoing alerts about Profound Medical for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Profound Medical Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Profound Medical generated a negative expected return over the last 90 days | |
| Profound Medical has high historical volatility and very poor performance | |
| The company reported the previous year's revenue of 7.33 M. Net Loss for the year was (29.09 M) with profit before overhead, payroll, taxes, and interest of 3.02 M. | |
| Profound Medical Corp currently holds about 46.21 M in cash with (22.3 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.21. | |
| Profound Medical has a frail financial position based on the latest SEC disclosures | |
| Latest headline from thelincolnianonline.com: MTM Investment Management LLC Sells 2,050 Shares of Profound Medical Corp. |
Check out Profound Medical Backtesting, Profound Medical Valuation, Profound Medical Correlation, Profound Medical Hype Analysis, Profound Medical Volatility, Profound Medical History as well as Profound Medical Performance. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
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 Profound Medical. If investors know Profound 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 Profound 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 (1.34) | Revenue Per Share 0.38 | Quarterly Revenue Growth 0.639 | Return On Assets (0.45) | Return On Equity (0.90) |
The market value of Profound Medical Corp is measured differently than its book value, which is the value of Profound that is recorded on the company's balance sheet. Investors also form their own opinion of Profound Medical's value that differs from its market value or its book value, called intrinsic value, which is Profound 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 Profound Medical's market value can be influenced by many factors that don't directly affect Profound 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 Profound Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Profound Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Profound 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.