Puretech Health Plc Stock Probability of Future Stock Price Finishing Over 3.06
| PRTC Stock | USD 22.21 1.18 5.04% |
PureTech |
PureTech Health Target Price Odds to finish over 3.06
The tendency of PureTech 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 $ 3.06 in 90 days |
| 22.21 | 90 days | 3.06 | close to 99 |
Based on a normal probability distribution, the odds of PureTech Health to stay above $ 3.06 in 90 days from now is close to 99 (This PureTech Health PLC probability density function shows the probability of PureTech Stock to fall within a particular range of prices over 90 days) . Probability of PureTech Health PLC price to stay between $ 3.06 and its current price of $22.21 at the end of the 90-day period is about 89.52 .
Given the investment horizon of 90 days PureTech Health has a beta of 0.9 indicating PureTech Health PLC market returns are highly-sensitive to returns on the market. As the market goes up or down, PureTech Health is expected to follow. Additionally PureTech Health PLC 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. PureTech Health Price Density |
| Price |
Predictive Modules for PureTech 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 PureTech Health PLC. 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 PureTech Health'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.
PureTech Health Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. PureTech Health is not an exception. The market had few large corrections towards the PureTech 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 PureTech Health PLC, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of PureTech Health within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.16 | |
β | Beta against Dow Jones | 0.90 | |
σ | Overall volatility | 1.09 | |
Ir | Information ratio | -0.05 |
PureTech 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 PureTech Health for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for PureTech Health PLC can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| PureTech Health PLC had very high historical volatility over the last 90 days | |
| The company reported the previous year's revenue of 3.33 M. Net Loss for the year was (65.7 M) with profit before overhead, payroll, taxes, and interest of 17.39 M. | |
| PureTech Health PLC currently holds about 368.03 M in cash with (105.92 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 12.84. | |
| PureTech Health PLC has a frail financial position based on the latest SEC disclosures | |
| Latest headline from thelincolnianonline.com: PureTech Health plc Short Interest Up 18.9 percent in October |
PureTech 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 PureTech Stock often depends not only on the future outlook of the current and potential PureTech 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. PureTech Health's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 276.3 M | |
| Cash And Short Term Investments | 327.1 M |
PureTech Health Technical Analysis
PureTech Health's future price can be derived by breaking down and analyzing its technical indicators over time. PureTech Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of PureTech Health PLC. In general, you should focus on analyzing PureTech Stock price patterns and their correlations with different microeconomic environments and drivers.
PureTech Health Predictive Forecast Models
PureTech Health's time-series forecasting models is one of many PureTech 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 PureTech 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 PureTech Health PLC
Checking the ongoing alerts about PureTech Health for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for PureTech Health PLC help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| PureTech Health PLC had very high historical volatility over the last 90 days | |
| The company reported the previous year's revenue of 3.33 M. Net Loss for the year was (65.7 M) with profit before overhead, payroll, taxes, and interest of 17.39 M. | |
| PureTech Health PLC currently holds about 368.03 M in cash with (105.92 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 12.84. | |
| PureTech Health PLC has a frail financial position based on the latest SEC disclosures | |
| Latest headline from thelincolnianonline.com: PureTech Health plc Short Interest Up 18.9 percent in October |
Check out PureTech Health Backtesting, PureTech Health Valuation, PureTech Health Correlation, PureTech Health Hype Analysis, PureTech Health Volatility, PureTech Health History as well as PureTech Health Performance. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
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 PureTech Health. If investors know PureTech 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 PureTech Health listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.615 | Earnings Share (3.00) | Revenue Per Share 0.02 | Quarterly Revenue Growth (0.91) | Return On Assets (0.13) |
The market value of PureTech Health PLC is measured differently than its book value, which is the value of PureTech that is recorded on the company's balance sheet. Investors also form their own opinion of PureTech Health's value that differs from its market value or its book value, called intrinsic value, which is PureTech Health'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 PureTech Health's market value can be influenced by many factors that don't directly affect PureTech Health'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 PureTech Health's value and its price as these two are different measures arrived at by different means. Investors typically determine if PureTech Health is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PureTech Health'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.