Precise Biometrics (Sweden) Probability of Future Stock Price Finishing Under 1.48
| PREC Stock | SEK 1.66 0.02 1.19% |
Precise |
Precise Biometrics Target Price Odds to finish below 1.48
The tendency of Precise 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 drop to kr 1.48 or more in 90 days |
| 1.66 | 90 days | 1.48 | about 58.91 |
Based on a normal probability distribution, the odds of Precise Biometrics to drop to kr 1.48 or more in 90 days from now is about 58.91 (This Precise Biometrics AB probability density function shows the probability of Precise Stock to fall within a particular range of prices over 90 days) . Probability of Precise Biometrics price to stay between kr 1.48 and its current price of kr1.66 at the end of the 90-day period is about 14.78 .
Assuming the 90 days trading horizon the stock has the beta coefficient of 2.23 indicating as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Precise Biometrics will likely underperform. Moreover Precise Biometrics AB has an alpha of 1.0774, implying that it can generate a 1.08 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Precise Biometrics Price Density |
| Price |
Predictive Modules for Precise Biometrics
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Precise Biometrics. 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 Precise Biometrics' 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.
Precise Biometrics Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Precise Biometrics is not an exception. The market had few large corrections towards the Precise Biometrics' 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 Precise Biometrics AB, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Precise Biometrics within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 1.08 | |
β | Beta against NYSE Composite | 2.23 | |
σ | Overall volatility | 0.44 | |
Ir | Information ratio | 0.11 |
Precise Biometrics 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 Precise Biometrics for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Precise Biometrics can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Precise Biometrics is way too risky over 90 days horizon | |
| Precise Biometrics may become a speculative penny stock | |
| Precise Biometrics appears to be risky and price may revert if volatility continues | |
| The company reported the revenue of 83.32 M. Net Loss for the year was (13.45 M) with profit before overhead, payroll, taxes, and interest of 63.54 M. | |
| Precise Biometrics AB has accumulated about 64.1 M in cash with (1.49 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.19. | |
| Roughly 26.0% of the company outstanding shares are owned by corporate insiders |
Precise Biometrics 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 Precise Stock often depends not only on the future outlook of the current and potential Precise Biometrics' 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. Precise Biometrics' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 36 M | |
| Cash And Short Term Investments | 64.1 M |
Precise Biometrics Technical Analysis
Precise Biometrics' future price can be derived by breaking down and analyzing its technical indicators over time. Precise Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Precise Biometrics AB. In general, you should focus on analyzing Precise Stock price patterns and their correlations with different microeconomic environments and drivers.
Precise Biometrics Predictive Forecast Models
Precise Biometrics' time-series forecasting models is one of many Precise Biometrics' 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 Precise Biometrics' 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 Precise Biometrics
Checking the ongoing alerts about Precise Biometrics for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Precise Biometrics help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Precise Biometrics is way too risky over 90 days horizon | |
| Precise Biometrics may become a speculative penny stock | |
| Precise Biometrics appears to be risky and price may revert if volatility continues | |
| The company reported the revenue of 83.32 M. Net Loss for the year was (13.45 M) with profit before overhead, payroll, taxes, and interest of 63.54 M. | |
| Precise Biometrics AB has accumulated about 64.1 M in cash with (1.49 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.19. | |
| Roughly 26.0% of the company outstanding shares are owned by corporate insiders |
Check out Precise Biometrics Backtesting, Precise Biometrics Valuation, Precise Biometrics Correlation, Precise Biometrics Hype Analysis, Precise Biometrics Volatility, Precise Biometrics History as well as Precise Biometrics Performance. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Complementary Tools for Precise Stock analysis
When running Precise Biometrics' price analysis, check to measure Precise Biometrics' 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 Precise Biometrics is operating at the current time. Most of Precise Biometrics' value examination focuses on studying past and present price action to predict the probability of Precise Biometrics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Precise Biometrics' price. Additionally, you may evaluate how the addition of Precise Biometrics to your portfolios can decrease your overall portfolio volatility.
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