Profound Medical Corp Stock Price Prediction
| PRN Stock | CAD 11.72 0.22 1.84% |
Oversold Vs Overbought
50
Oversold | Overbought |
EPS Estimate Next Quarter (0.37) | EPS Estimate Current Year (1.57) | EPS Estimate Next Year (1.22) | Wall Street Target Price 21.76 | EPS Estimate Current Quarter (0.38) |
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 11.76 |
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 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Profound Medical'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.
Profound Medical After-Hype Price Prediction 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 7.90 and 15.62, 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 outperform 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 Prediction 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 |
0.14 | 3.86 | 0.04 | 0.03 | 4 Events / Month | 1 Events / Month | In about 4 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | ||
11.72 | 11.76 | 0.34 |
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Profound Medical Hype Timeline
Profound Medical Corp is at this time traded for 11.72on Toronto Exchange of Canada. The entity has historical hype elasticity of 0.04, and average elasticity to hype of competition of 0.03. Profound is estimated to increase in value after the next headline, with the price projected to jump to 11.76 or above. The average volatility of media hype impact on the company the price is over 100%. The price boost on the next news is estimated to be 0.34%, whereas the daily expected return is at this time at 0.14%. The volatility of related hype on Profound Medical is about 2078.46%, with the expected price after the next announcement by competition of 11.75. The company reported the revenue of 7.2 M. Net Loss for the year was (28.57 M) with profit before overhead, payroll, taxes, and interest of 3.02 M. Assuming the 90 days trading horizon the next estimated press release will be in about 4 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 | |||
| FGAA-U | FG Acquisition Corp | 0.00 | 5 per month | 0.00 | 0.16 | 0.88 | 0.00 | 4.30 | |
| ATS | ATS P | 0.26 | 7 per month | 0.00 | (0.06) | 2.88 | (2.72) | 10.55 | |
| PNC-B | Postmedia Network Canada | 0.00 | 8 per month | 0.00 | (0.03) | 3.48 | (5.67) | 23.41 | |
| RBA | Ritchie Bros Auctioneers | 1.67 | 6 per month | 1.16 | 0.01 | 1.84 | (1.99) | 11.79 | |
| BBUC | Brookfield Business Corp | (0.03) | 9 per month | 0.00 | (0.12) | 2.98 | (3.37) | 7.88 | |
| GOOS | Canada Goose Holdings | (0.04) | 7 per month | 1.80 | 0.11 | 4.83 | (3.24) | 19.21 | |
| PRMW | Primo Water Corp | (0.56) | 9 per month | 0.68 | 0.27 | 2.02 | (1.45) | 6.50 |
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. | 2021 | 2022 | 2023 | 2024 (projected) | Days Sales Outstanding | 74.99 | 346.59 | 369.51 | 349.58 | PTB Ratio | 2.86 | 4.27 | 5.69 | 3.51 |
Story Coverage note for Profound Medical
The number of cover stories for Profound Medical depends on current market conditions and Profound Medical's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Profound Medical is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Profound Medical's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Profound Medical Short Properties
Profound Medical's future price predictability will typically decrease when Profound Medical's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Profound Medical Corp often depends not only on the future outlook of the potential Profound Medical'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. Profound Medical's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 21.4 M |
Additional Information and Resources on Investing in Profound Stock
When determining whether Profound Medical Corp is a strong investment it is important to analyze Profound Medical's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Profound Medical's future performance. For an informed investment choice regarding Profound Stock, refer to the following important reports:Check out Profound Medical Basic Forecasting Models to cross-verify your projections. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.