Protagenic Therapeutics Stock Forecast - Accumulation Distribution

Protagenic Stock Forecast is based on your current time horizon.
  
Inventory Turnover is likely to drop to 1.19 in 2024. Payables Turnover is likely to drop to 0.24 in 2024. Common Stock Shares Outstanding is likely to climb to about 4.6 M in 2024, whereas Net Loss is likely to drop (2.4 M) in 2024.
On June 28, 2024 Protagenic Therapeutics had Accumulation Distribution of 0. The accumulation distribution (A/D) indicator shows the degree to which Protagenic Therapeutics is accumulated by the market over a given period. It uses the quote sensitivity to the highest or lowest daily price of Protagenic Therapeutics to determine if accumulation or reduction is taking place in the market. This value is adjusted by Protagenic Therapeutics trading volume to give more weight to distributions with higher volume over lower volume.
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Accumulation distribution indicator can signal that a trend is either nearing completion, at a continuation, or is about to break-outs. The actual value of this indicator is of no significance. What is significant is the change in value of over time. The formula for A/D of a given trading day can be expressed as follow: ((Close - Low) - (High - Close)) / (High - Low) X Volume
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Protagenic Therapeutics 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 Protagenic Therapeutics stock to make a market-neutral strategy. Peer analysis of Protagenic Therapeutics could also be used in its relative valuation, which is a method of valuing Protagenic Therapeutics by comparing valuation metrics with similar companies.
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

Additional Tools for Protagenic Stock Analysis

When running Protagenic Therapeutics' price analysis, check to measure Protagenic Therapeutics' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Protagenic Therapeutics is operating at the current time. Most of Protagenic Therapeutics' value examination focuses on studying past and present price action to predict the probability of Protagenic Therapeutics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Protagenic Therapeutics' price. Additionally, you may evaluate how the addition of Protagenic Therapeutics to your portfolios can decrease your overall portfolio volatility.