Myomo Inc Stock Price Patterns
| MYO Stock | USD 0.77 0.04 4.94% |
Momentum 49
Impartial
Oversold | Overbought |
Using Myomo hype-based prediction, you can estimate the value of Myomo Inc from the perspective of Myomo response to recently generated media hype and the effects of current headlines on its competitors.
The fear of missing out, i.e., FOMO, can cause potential investors in Myomo to buy its stock at a price that has no basis in reality. In that case, they are not buying Myomo because the equity is a good investment, but because they need to do something to avoid the feeling of missing out. On the other hand, investors will often sell stocks at prices well below their value during bear markets because they need to stop feeling the pain of losing money.
Myomo after-hype prediction price | USD 0.81 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Check out Myomo Basic Forecasting Models to cross-verify your projections. Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Myomo'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.
Myomo After-Hype Price Density Analysis
As far as predicting the price of Myomo at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Myomo or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Myomo, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Myomo Estimiated After-Hype Price Volatility
In the context of predicting Myomo's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Myomo's historical news coverage. Myomo's after-hype downside and upside margins for the prediction period are 0.04 and 5.82, respectively. We have considered Myomo's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models compare with traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Myomo is dangerous at this time. Analysis and calculation of next after-hype price of Myomo Inc is based on 3 months time horizon.
Myomo Stock Price Outlook Analysis
Have you ever been surprised when a price of a Company such as Myomo is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Myomo backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Myomo, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.04 | 5.01 | 0.00 | 0.00 | 0 Events / Month | 2 Events / Month | Uncertain |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
0.77 | 0.81 | 0.00 |
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Myomo Hype Timeline
On the 5th of February Myomo Inc is traded for 0.77. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.0. Myomo is anticipated not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is insignificant. The immediate return on the next news is anticipated to be very small, whereas the daily expected return is now at -0.04%. %. The volatility of related hype on Myomo is about 167000.0%, with the expected price after the next announcement by competition of 0.77. About 58.0% of the company shares are owned by institutional investors. The book value of Myomo was now reported as 0.38. The company recorded a loss per share of 0.28. Myomo Inc last dividend was issued on the 31st of January 2020. The entity had 1:30 split on the 31st of January 2020. Considering the 90-day investment horizon the next anticipated press release will be uncertain. Check out Myomo Basic Forecasting Models to cross-verify your projections.Myomo Related Hype Analysis
Having access to credible news sources related to Myomo's direct competition is more important than ever and may enhance your ability to predict Myomo's future price movements. Getting to know how Myomo's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Myomo may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| MODD | Modular Medical | (0.07) | 6 per month | 6.87 | (0.01) | 10.42 | (8.11) | 45.40 | |
| HYPD | Hyperion DeFi | 0.00 | 0 per month | 0.00 | (0.09) | 16.48 | (11.49) | 34.90 | |
| RBOT | Vicarious Surgical | (0.04) | 8 per month | 0.00 | (0.19) | 11.90 | (9.09) | 36.01 | |
| POCI | Precision Optics | 0.06 | 8 per month | 2.20 | 0.12 | 4.39 | (3.55) | 27.89 | |
| NMTC | Neuroone Medical Technologies | 0.00 | 0 per month | 4.32 | 0.04 | 9.59 | (7.04) | 23.46 | |
| MIRA | MIRA Pharmaceuticals Common | 0.00 | 0 per month | 0.00 | (0.15) | 3.25 | (5.52) | 15.08 | |
| ECOR | Electrocore LLC | 0.00 | 0 per month | 0.00 | (0.03) | 9.10 | (7.53) | 21.00 | |
| MLSS | Milestone Scientific | 0.02 | 10 per month | 0.00 | (0.15) | 7.41 | (7.41) | 23.59 | |
| NXL | Nexalin Technology | 0.00 | 0 per month | 0.00 | (0.20) | 8.77 | (8.70) | 27.45 | |
| IGC | India Globalization Capital | 0.00 | 0 per month | 0.00 | (0.16) | 6.06 | (6.06) | 25.10 |
Myomo Additional Predictive Modules
Most predictive techniques to examine Myomo price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Myomo using various technical indicators. When you analyze Myomo charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
About Myomo Predictive Indicators
The successful prediction of Myomo stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as Myomo Inc, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of Myomo based on analysis of Myomo hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to Myomo's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to Myomo's related companies.
Pair Trading with Myomo
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Myomo position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Myomo will appreciate offsetting losses from the drop in the long position's value.Moving together with Myomo Stock
| 0.64 | 2DR | Inspire Medical Systems Earnings Call This Week | PairCorr |
Moving against Myomo Stock
| 0.66 | IVF | INVO Fertility Symbol Change | PairCorr |
| 0.6 | OTC | Ocumetics Technology Corp | PairCorr |
| 0.54 | IHC | Inspiration Healthcare | PairCorr |
| 0.42 | AHC | Austco Healthcare | PairCorr |
| 0.42 | AHG | Akso Health Group | PairCorr |
The ability to find closely correlated positions to Myomo could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Myomo when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Myomo - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Myomo Inc to buy it.
The correlation of Myomo is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Myomo moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Myomo Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Myomo can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Myomo Basic Forecasting Models to cross-verify your projections. You can also try the Stocks Directory module to find actively traded stocks across global markets.
Will Health Care Equipment & Supplies sector continue expanding? Could Myomo diversify its offerings? Factors like these will boost the valuation of Myomo. Expected growth trajectory for Myomo significantly influences the price investors are willing to assign. Accurate valuation requires analyzing both current fundamentals and future growth trajectories. Every Myomo data point contributes insight, yet successful analysis hinges on identifying the most consequential variables.
The market value of Myomo Inc is measured differently than its book value, which is the value of Myomo that is recorded on the company's balance sheet. Investors also form their own opinion of Myomo's value that differs from its market value or its book value, called intrinsic value, which is Myomo's true underlying value. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Because Myomo's market value can be influenced by many factors that don't directly affect Myomo's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Understanding that Myomo's value differs from its trading price is crucial, as each reflects different aspects of the company. Evaluating whether Myomo represents a sound investment requires analyzing earnings trends, revenue growth, technical signals, industry dynamics, and expert forecasts. Meanwhile, Myomo's quoted price indicates the marketplace figure where supply meets demand through bilateral consent.