Opko Health Stock Probability of Future Stock Price Finishing Under 1.29
| OPK Stock | USD 1.28 0.04 3.03% |
Closest to current price Opko long CALL Option Payoff at Expiration
Opko |
Opko Health Target Price Odds to finish below 1.29
The tendency of Opko 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 stay under $ 1.29 after 90 days |
| 1.28 | 90 days | 1.29 | about 77.69 |
Based on a normal probability distribution, the odds of Opko Health to stay under $ 1.29 after 90 days from now is about 77.69 (This Opko Health probability density function shows the probability of Opko Stock to fall within a particular range of prices over 90 days) . Probability of Opko Health price to stay between its current price of $ 1.28 and $ 1.29 at the end of the 90-day period is about 1.79 .
Considering the 90-day investment horizon the stock has the beta coefficient of 1.64 . This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Opko Health will likely underperform. Additionally Opko Health has an alpha of 0.3292, implying that it can generate a 0.33 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Opko Health Price Density |
| Price |
Predictive Modules for Opko Health
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Opko Health. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Opko Health'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.
Opko Health Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Opko Health is not an exception. The market had few large corrections towards the Opko Health's 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 Opko Health, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Opko Health within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.33 | |
β | Beta against NYSE Composite | 1.64 | |
σ | Overall volatility | 0.17 | |
Ir | Information ratio | 0.11 |
Opko Health 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 Opko Health for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Opko Health can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Opko Health may become a speculative penny stock | |
| Opko Health had very high historical volatility over the last 90 days | |
| The company reported the last year's revenue of 863.5 M. Reported Net Loss for the year was (188.86 M) with profit before taxes, overhead, and interest of 214.3 M. | |
| Opko Health has about 210.46 M in cash with (28.2 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.27. | |
| Roughly 52.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from benzinga.com: 3.5M Bet On This Healthcare Stock Check Out These 3 Penny Stocks Insiders Are Aggressively Buying |
Opko Health 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 Opko Stock often depends not only on the future outlook of the current and potential Opko Health's 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. Opko Health's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 751.8 M | |
| Cash And Short Term Investments | 95.9 M |
Opko Health Technical Analysis
Opko Health's future price can be derived by breaking down and analyzing its technical indicators over time. Opko Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Opko Health. In general, you should focus on analyzing Opko Stock price patterns and their correlations with different microeconomic environments and drivers.
Opko Health Predictive Forecast Models
Opko Health's time-series forecasting models is one of many Opko Health's 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 Opko Health's 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 Opko Health
Checking the ongoing alerts about Opko Health for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Opko Health help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Opko Health may become a speculative penny stock | |
| Opko Health had very high historical volatility over the last 90 days | |
| The company reported the last year's revenue of 863.5 M. Reported Net Loss for the year was (188.86 M) with profit before taxes, overhead, and interest of 214.3 M. | |
| Opko Health has about 210.46 M in cash with (28.2 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.27. | |
| Roughly 52.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from benzinga.com: 3.5M Bet On This Healthcare Stock Check Out These 3 Penny Stocks Insiders Are Aggressively Buying |
Check out Opko Health Backtesting, Opko Health Valuation, Opko Health Correlation, Opko Health Hype Analysis, Opko Health Volatility, Opko Health History as well as Opko Health Performance. For more information on how to buy Opko Stock please use our How to buy in Opko Stock guide.You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Complementary Tools for Opko Stock analysis
When running Opko Health's price analysis, check to measure Opko Health's 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 Opko Health is operating at the current time. Most of Opko Health's value examination focuses on studying past and present price action to predict the probability of Opko Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Opko Health's price. Additionally, you may evaluate how the addition of Opko Health to your portfolios can decrease your overall portfolio volatility.
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Is Opko Health's industry 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 Opko Health. If investors know Opko 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 Opko Health listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.191 | Earnings Share (0.35) | Revenue Per Share 1.08 | Quarterly Revenue Growth (0.27) | Return On Assets (0.06) |
The market value of Opko Health is measured differently than its book value, which is the value of Opko that is recorded on the company's balance sheet. Investors also form their own opinion of Opko Health's value that differs from its market value or its book value, called intrinsic value, which is Opko Health'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 Opko Health's market value can be influenced by many factors that don't directly affect Opko Health'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 Opko Health's value and its price as these two are different measures arrived at by different means. Investors typically determine if Opko Health is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Opko Health'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.