Profound Medical Corp Stock Price Patterns
| PRN Stock | CAD 10.21 0.29 2.92% |
Momentum 57
Buy Extended
Oversold | Overbought |
EPS Estimate Next Quarter (0.47) | EPS Estimate Current Year (1.93) | EPS Estimate Next Year (1.40) | Wall Street Target Price 25.03 | EPS Estimate Current Quarter (0.52) |
Using Profound Medical hype-based prediction, you can estimate the value of Profound Medical Corp from the perspective of Profound Medical 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 Profound Medical to buy its stock at a price that has no basis in reality. In that case, they are not buying Profound 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.
Profound Medical after-hype prediction price | CAD 10.21 |
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.
Profound |
Profound Medical After-Hype Price Density Analysis
As far as predicting the price of Profound Medical 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 Profound Medical 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 Profound Medical, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Profound Medical Estimiated After-Hype Price Volatility
In the context of predicting Profound Medical's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Profound Medical's historical news coverage. Profound Medical's after-hype downside and upside margins for the prediction period are 6.48 and 13.94, respectively. We have considered Profound Medical'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
Profound Medical is somewhat reliable at this time. Analysis and calculation of next after-hype price of Profound Medical Corp is based on 3 months time horizon.
Profound Medical Stock Price Outlook Analysis
Have you ever been surprised when a price of a Company such as Profound Medical is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Profound Medical 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 Profound Medical, 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 |
0.39 | 3.76 | 0.07 | 0.01 | 9 Events / Month | 2 Events / Month | In about 9 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
10.21 | 10.21 | 0.00 |
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Profound Medical Hype Timeline
Profound Medical Corp is at this time traded for 10.21on Toronto Exchange of Canada. The entity has historical hype elasticity of -0.07, and average elasticity to hype of competition of -0.01. Profound is estimated not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is over 100%. The immediate return on the next news is estimated to be very small, whereas the daily expected return is at this time at 0.39%. %. The volatility of related hype on Profound Medical is about 13368.89%, with the expected price after the next announcement by competition of 10.20. About 34.0% of the company shares are owned by institutional investors. The company recorded a loss per share of 1.79. Profound Medical Corp last dividend was issued on the 16th of October 2019. The entity had 1:10 split on the 16th of October 2019. Assuming the 90 days trading horizon the next estimated press release will be in about 9 days. Check out Profound Medical Basic Forecasting Models to cross-verify your projections.Profound Medical Related Hype Analysis
Having access to credible news sources related to Profound Medical's direct competition is more important than ever and may enhance your ability to predict Profound Medical's future price movements. Getting to know how Profound Medical'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 Profound Medical may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| NGEN | NervGen Pharma Corp | 0.20 | 4 per month | 3.16 | 0.12 | 12.05 | (4.96) | 31.22 | |
| DR | Medical Facilities | (0.22) | 9 per month | 1.35 | 0.01 | 3.05 | (2.21) | 8.99 | |
| EPRX | Eupraxia Pharmaceuticals | (0.25) | 9 per month | 2.76 | 0.14 | 6.67 | (4.55) | 21.64 | |
| CRRX | CareRx Corp | (0.03) | 5 per month | 1.89 | 0.06 | 3.66 | (2.79) | 11.82 | |
| QIPT | Quipt Home Medical | 0.12 | 7 per month | 1.73 | 0.11 | 4.92 | (3.23) | 30.99 | |
| XLY | Auxly Cannabis Group | 0.00 | 4 per month | 0.00 | (0.03) | 7.14 | (6.67) | 25.00 | |
| VPT | VentriPoint Diagnostics | 0 | 6 per month | 3.84 | 0.07 | 16.67 | (9.09) | 34.09 | |
| HLS | HLS Therapeutics | (0.05) | 1 per month | 0.00 | (0.21) | 1.97 | (2.55) | 10.37 |
Profound Medical Additional Predictive Modules
Most predictive techniques to examine Profound price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Profound using various technical indicators. When you analyze Profound 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 Profound Medical Predictive Indicators
The successful prediction of Profound Medical 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 Profound Medical Corp, 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 Profound Medical based on analysis of Profound Medical hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to Profound Medical's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to Profound Medical's related companies. | 2023 | 2024 | 2025 | 2026 (projected) | Days Sales Outstanding | 369.51 | 240.77 | 276.89 | 309.41 | PTB Ratio | 7.54 | 4.43 | 3.98 | 3.89 |
Pair Trading with Profound Medical
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 Profound Medical 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 Profound Medical will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Profound Medical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Profound Medical 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 Profound Medical - 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 Profound Medical Corp to buy it.
The correlation of Profound Medical 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 Profound Medical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Profound Medical Corp 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 Profound Medical 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 Profound Medical Basic Forecasting Models to cross-verify your projections. You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.