Journey Medical Stock Forecast - Daily Balance Of Power
| DERM Stock | USD 5.74 0.37 6.89% |
Journey Stock Forecast is based on your current time horizon. Although Journey Medical's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Journey Medical's systematic risk associated with finding meaningful patterns of Journey Medical fundamentals over time.
Journey |
| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| (0.08) | 0.0435 |
| Check Journey Medical Volatility | Backtest Journey Medical | Trend Details |
Journey Medical Trading Date Momentum
| On August 01 2024 Journey Medical Corp was traded for 5.53 at the closing time. The top price for the day was 5.72 and the lowest listed price was 5.45 . The trading volume for the day was 45.8 K. The trading history from August 1, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 0.36% . The trading delta at closing time against the current closing price is 7.21% . |
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
| Compare Journey Medical to competition |
Other Forecasting Options for Journey Medical
For every potential investor in Journey, whether a beginner or expert, Journey Medical's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Journey Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Journey. Basic forecasting techniques help filter out the noise by identifying Journey Medical's price trends.Journey Medical Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Journey Medical stock to make a market-neutral strategy. Peer analysis of Journey Medical could also be used in its relative valuation, which is a method of valuing Journey Medical by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Journey Medical Corp Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Journey Medical's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Journey Medical's current price.| Cycle Indicators | ||
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Journey Medical Market Strength Events
Market strength indicators help investors to evaluate how Journey Medical stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Journey Medical shares will generate the highest return on investment. By undertsting and applying Journey Medical stock market strength indicators, traders can identify Journey Medical Corp entry and exit signals to maximize returns.
Journey Medical Risk Indicators
The analysis of Journey Medical's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Journey Medical's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting journey stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 3.17 | |||
| Semi Deviation | 3.87 | |||
| Standard Deviation | 4.18 | |||
| Variance | 17.43 | |||
| Downside Variance | 16.83 | |||
| Semi Variance | 14.99 | |||
| Expected Short fall | (3.51) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
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Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of Journey Medical to cross-verify your projections. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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 Journey Medical. If investors know Journey 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 Journey 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 (0.92) | Revenue Per Share 2.921 | Quarterly Revenue Growth (0.58) | Return On Assets (0.17) | Return On Equity (1.30) |
The market value of Journey Medical Corp is measured differently than its book value, which is the value of Journey that is recorded on the company's balance sheet. Investors also form their own opinion of Journey Medical's value that differs from its market value or its book value, called intrinsic value, which is Journey 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 Journey Medical's market value can be influenced by many factors that don't directly affect Journey 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 Journey Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Journey Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Journey 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.