Tyra Biosciences Stock Probability of Future Stock Price Finishing Under 15.36
| TYRA Stock | USD 15.83 0.47 3.06% |
Tyra |
Tyra Biosciences Target Price Odds to finish below 15.36
The tendency of Tyra 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 $ 15.36 or more in 90 days |
| 15.83 | 90 days | 15.36 | about 5.42 |
Based on a normal probability distribution, the odds of Tyra Biosciences to drop to $ 15.36 or more in 90 days from now is about 5.42 (This Tyra Biosciences probability density function shows the probability of Tyra Stock to fall within a particular range of prices over 90 days) . Probability of Tyra Biosciences price to stay between $ 15.36 and its current price of $15.83 at the end of the 90-day period is about 1.62 .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.38 . 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, Tyra Biosciences will likely underperform. Additionally Tyra Biosciences 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. Tyra Biosciences Price Density |
| Price |
Predictive Modules for Tyra Biosciences
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Tyra Biosciences. 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.Tyra Biosciences Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Tyra Biosciences is not an exception. The market had few large corrections towards the Tyra Biosciences' 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 Tyra Biosciences, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Tyra Biosciences within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.6 | |
β | Beta against Dow Jones | 1.38 | |
σ | Overall volatility | 3.55 | |
Ir | Information ratio | -0.11 |
Tyra Biosciences 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 Tyra Biosciences for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Tyra Biosciences can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Tyra Biosciences generated a negative expected return over the last 90 days | |
| Tyra Biosciences has high historical volatility and very poor performance | |
| Net Loss for the year was (69.13 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Tyra Biosciences currently holds about 275.11 M in cash with (50.14 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 6.61. | |
| Tyra Biosciences has a poor financial position based on the latest SEC disclosures | |
| Over 99.0% of the company shares are owned by institutional investors | |
| Latest headline from gurufocus.com: Biotechnology Value Fund L.P. Increases Stake in Tyra Biosciences Inc |
Tyra Biosciences 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 Tyra Stock often depends not only on the future outlook of the current and potential Tyra Biosciences' 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. Tyra Biosciences' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 42.7 M | |
| Cash And Short Term Investments | 203.5 M |
Tyra Biosciences Technical Analysis
Tyra Biosciences' future price can be derived by breaking down and analyzing its technical indicators over time. Tyra Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Tyra Biosciences. In general, you should focus on analyzing Tyra Stock price patterns and their correlations with different microeconomic environments and drivers.
Tyra Biosciences Predictive Forecast Models
Tyra Biosciences' time-series forecasting models is one of many Tyra Biosciences' 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 Tyra Biosciences' 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 Tyra Biosciences
Checking the ongoing alerts about Tyra Biosciences for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Tyra Biosciences help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Tyra Biosciences generated a negative expected return over the last 90 days | |
| Tyra Biosciences has high historical volatility and very poor performance | |
| Net Loss for the year was (69.13 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Tyra Biosciences currently holds about 275.11 M in cash with (50.14 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 6.61. | |
| Tyra Biosciences has a poor financial position based on the latest SEC disclosures | |
| Over 99.0% of the company shares are owned by institutional investors | |
| Latest headline from gurufocus.com: Biotechnology Value Fund L.P. Increases Stake in Tyra Biosciences Inc |
Check out Tyra Biosciences Backtesting, Tyra Biosciences Valuation, Tyra Biosciences Correlation, Tyra Biosciences Hype Analysis, Tyra Biosciences Volatility, Tyra Biosciences History as well as Tyra Biosciences Performance. For information on how to trade Tyra Stock refer to our How to Trade Tyra Stock guide.You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
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 Tyra Biosciences. If investors know Tyra 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 Tyra Biosciences listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.61) | Return On Assets (0.20) | Return On Equity (0.29) |
The market value of Tyra Biosciences is measured differently than its book value, which is the value of Tyra that is recorded on the company's balance sheet. Investors also form their own opinion of Tyra Biosciences' value that differs from its market value or its book value, called intrinsic value, which is Tyra Biosciences' 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 Tyra Biosciences' market value can be influenced by many factors that don't directly affect Tyra Biosciences' 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 Tyra Biosciences' value and its price as these two are different measures arrived at by different means. Investors typically determine if Tyra Biosciences is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tyra Biosciences' 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.