Tactile Systems Technology Stock Probability of Future Stock Price Finishing Under 14.76
| TCMD Stock | USD 17.85 1.91 11.98% |
Tactile |
Tactile Systems Target Price Odds to finish below 14.76
The tendency of Tactile 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 $ 14.76 or more in 90 days |
| 17.85 | 90 days | 14.76 | about 72.55 |
Based on a normal probability distribution, the odds of Tactile Systems to drop to $ 14.76 or more in 90 days from now is about 72.55 (This Tactile Systems Technology probability density function shows the probability of Tactile Stock to fall within a particular range of prices over 90 days) . Probability of Tactile Systems Tech price to stay between $ 14.76 and its current price of $17.85 at the end of the 90-day period is about 27.27 .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.46 . This usually implies as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Tactile Systems will likely underperform. Additionally Tactile Systems Technology has an alpha of 0.2278, implying that it can generate a 0.23 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Tactile Systems Price Density |
| Price |
Predictive Modules for Tactile Systems
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Tactile Systems Tech. 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.Tactile Systems Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Tactile Systems is not an exception. The market had few large corrections towards the Tactile Systems' 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 Tactile Systems Technology, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Tactile Systems within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.23 | |
β | Beta against Dow Jones | 1.46 | |
σ | Overall volatility | 0.86 | |
Ir | Information ratio | 0.1 |
Tactile Systems 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 Tactile Systems for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Tactile Systems Tech can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Tactile Systems Tech appears to be risky and price may revert if volatility continues | |
| Tactile Systems Tech is unlikely to experience financial distress in the next 2 years | |
| Tactile Systems Tech has a very strong financial position based on the latest SEC filings | |
| Over 98.0% of the company shares are owned by institutional investors | |
| Latest headline from gurufocus.com: Tactile Medical to Present at the Piper Sandler 36th Annual Healthcare Conference |
Tactile Systems 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 Tactile Stock often depends not only on the future outlook of the current and potential Tactile Systems' 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. Tactile Systems' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 23.2 M | |
| Cash And Short Term Investments | 61 M |
Tactile Systems Technical Analysis
Tactile Systems' future price can be derived by breaking down and analyzing its technical indicators over time. Tactile Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Tactile Systems Technology. In general, you should focus on analyzing Tactile Stock price patterns and their correlations with different microeconomic environments and drivers.
Tactile Systems Predictive Forecast Models
Tactile Systems' time-series forecasting models is one of many Tactile Systems' 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 Tactile Systems' 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 Tactile Systems Tech
Checking the ongoing alerts about Tactile Systems for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Tactile Systems Tech help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Tactile Systems Tech appears to be risky and price may revert if volatility continues | |
| Tactile Systems Tech is unlikely to experience financial distress in the next 2 years | |
| Tactile Systems Tech has a very strong financial position based on the latest SEC filings | |
| Over 98.0% of the company shares are owned by institutional investors | |
| Latest headline from gurufocus.com: Tactile Medical to Present at the Piper Sandler 36th Annual Healthcare Conference |
Check out Tactile Systems Backtesting, Tactile Systems Valuation, Tactile Systems Correlation, Tactile Systems Hype Analysis, Tactile Systems Volatility, Tactile Systems History as well as Tactile Systems Performance. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
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 Tactile Systems. If investors know Tactile 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 Tactile Systems 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 (0.78) | Earnings Share 0.65 | Revenue Per Share 11.991 | Quarterly Revenue Growth 0.05 | Return On Assets 0.0462 |
The market value of Tactile Systems Tech is measured differently than its book value, which is the value of Tactile that is recorded on the company's balance sheet. Investors also form their own opinion of Tactile Systems' value that differs from its market value or its book value, called intrinsic value, which is Tactile Systems' 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 Tactile Systems' market value can be influenced by many factors that don't directly affect Tactile Systems' 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 Tactile Systems' value and its price as these two are different measures arrived at by different means. Investors typically determine if Tactile Systems is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tactile Systems' 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.