60 Degrees Stock Forward View - Simple Regression
| SXTP Stock | 3.85 0.53 12.10% |
SXTP Stock outlook is based on your current time horizon. Although 60 Degrees' naive historical forecasting may sometimes provide an important future outlook for the firm, we suggest always cross-verifying it against solid analysis of 60 Degrees' systematic risk associated with finding meaningful patterns of 60 Degrees fundamentals over time.
As of today the relative strength index (rsi) of 60 Degrees' share price is below 20 . This usually implies that the stock is significantly oversold. The fundamental principle of the Relative Strength Index (RSI) is to quantify the velocity at which market participants are driving the price of a financial instrument upwards or downwards. Momentum 0
Sell Peaked
Oversold | Overbought |
EPS Estimate Next Quarter (0.44) | EPS Estimate Current Year (12.60) | EPS Estimate Next Year (7.88) | Wall Street Target Price 17.6 | EPS Estimate Current Quarter (0.46) |
Using 60 Degrees hype-based prediction, you can estimate the value of 60 Degrees Pharmaceuticals from the perspective of 60 Degrees response to recently generated media hype and the effects of current headlines on its competitors.
SXTP Relative Strength Index
The Simple Regression forecasted value of 60 Degrees Pharmaceuticals on the next trading day is expected to be 2.91 with a mean absolute deviation of 0.79 and the sum of the absolute errors of 48.08.60 Degrees Pharmaceu Hype to Price Pattern
Investor biases related to 60 Degrees' public news can be used to forecast risks associated with an investment in SXTP. The trend in average sentiment can be used to explain how an investor holding SXTP can time the market purely based on public headlines and social activities around 60 Degrees Pharmaceuticals. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Some investors profit by finding stocks that are overvalued or undervalued based on market sentiment. The correlation of 60 Degrees' market sentiment to its price can help taders to make decisions based on the overall investors consensus about 60 Degrees.
The Simple Regression forecasted value of 60 Degrees Pharmaceuticals on the next trading day is expected to be 2.91 with a mean absolute deviation of 0.79 and the sum of the absolute errors of 48.08. 60 Degrees after-hype prediction price | USD 4.4 |
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 Historical Fundamental Analysis of 60 Degrees to cross-verify your projections. 60 Degrees Additional Predictive Modules
Most predictive techniques to examine SXTP price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for SXTP using various technical indicators. When you analyze SXTP 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 |
60 Degrees Simple Regression Price Forecast For the 6th of February
Given 90 days horizon, the Simple Regression forecasted value of 60 Degrees Pharmaceuticals on the next trading day is expected to be 2.91 with a mean absolute deviation of 0.79, mean absolute percentage error of 0.93, and the sum of the absolute errors of 48.08.Please note that although there have been many attempts to predict SXTP Stock prices using its time series forecasting, we generally do not suggest using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that 60 Degrees' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
60 Degrees Stock Forecast Pattern
| Backtest 60 Degrees | 60 Degrees Price Prediction | Research Analysis |
60 Degrees Forecasted Value
In the context of forecasting 60 Degrees' Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. 60 Degrees' downside and upside margins for the forecasting period are 0.04 and 24.29, respectively. We have considered 60 Degrees' daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Simple Regression forecasting method's relative quality and the estimations of the prediction error of 60 Degrees stock data series using in forecasting. Note that when a statistical model is used to represent 60 Degrees stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | 118.0404 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.7882 |
| MAPE | Mean absolute percentage error | 0.2671 |
| SAE | Sum of the absolute errors | 48.078 |
Predictive Modules for 60 Degrees
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as 60 Degrees Pharmaceu. 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 60 Degrees' 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.
60 Degrees After-Hype Price Density Analysis
As far as predicting the price of 60 Degrees 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 60 Degrees 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 60 Degrees, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
60 Degrees Estimiated After-Hype Price Volatility
In the context of predicting 60 Degrees' stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on 60 Degrees' historical news coverage. 60 Degrees' after-hype downside and upside margins for the prediction period are 0.22 and 25.77, respectively. We have considered 60 Degrees' 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
60 Degrees is dangerous at this time. Analysis and calculation of next after-hype price of 60 Degrees Pharmaceu is based on 3 months time horizon.
60 Degrees Stock Price Outlook Analysis
Have you ever been surprised when a price of a Company such as 60 Degrees is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading 60 Degrees 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 60 Degrees, 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 |
1.13 | 21.37 | 0.02 | 0.05 | 8 Events / Month | 6 Events / Month | In about 8 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
3.85 | 4.40 | 0.46 |
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60 Degrees Hype Timeline
60 Degrees Pharmaceu is at this time traded for 3.85. The entity has historical hype elasticity of 0.02, and average elasticity to hype of competition of 0.05. SXTP is anticipated to increase in value after the next headline, with the price projected to jump to 4.4 or above. The average volatility of media hype impact on the company the price is over 100%. The price gain on the next news is projected to be 0.46%, whereas the daily expected return is at this time at 1.13%. The volatility of related hype on 60 Degrees is about 52121.95%, with the expected price after the next announcement by competition of 3.90. The company reported the previous year's revenue of 607.57 K. Net Loss for the year was (7.96 M) with profit before overhead, payroll, taxes, and interest of 585.86 K. Given the investment horizon of 90 days the next anticipated press release will be in about 8 days. Check out Historical Fundamental Analysis of 60 Degrees to cross-verify your projections.60 Degrees Related Hype Analysis
Having access to credible news sources related to 60 Degrees' direct competition is more important than ever and may enhance your ability to predict 60 Degrees' future price movements. Getting to know how 60 Degrees' 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 60 Degrees may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| CNSP | CNS Pharmaceuticals | (0.08) | 5 per month | 0.00 | (0.10) | 7.22 | (7.57) | 26.44 | |
| CLDI | Calidi Biotherapeutics | (0.06) | 9 per month | 0.00 | (0.21) | 4.80 | (7.14) | 24.52 | |
| SILO | Silo Pharma | 0.00 | 0 per month | 0.00 | (0.17) | 8.33 | (10.00) | 24.79 | |
| CANF | Can Fite Biopharma | 0.18 | 9 per month | 0.00 | (0.13) | 10.40 | (8.59) | 38.42 | |
| CMND | Clearmind Medicine Common | (0.22) | 10 per month | 0.00 | (0.37) | 11.60 | (21.84) | 56.34 | |
| GRI | GRI Bio | (0.70) | 5 per month | 0.00 | (0.31) | 11.88 | (20.75) | 77.14 | |
| KZIA | Kazia Therapeutics Ltd | 0.84 | 9 per month | 10.17 | 0.02 | 14.69 | (18.36) | 78.79 | |
| JAGX | Jaguar Animal Health | (0.03) | 9 per month | 0.00 | (0.08) | 9.71 | (16.87) | 125.57 | |
| SNGX | Soligenix | (0.17) | 8 per month | 0.00 | (0.07) | 7.03 | (6.52) | 30.10 | |
| BDRX | Biodexa Pharmaceticals | 0.65 | 6 per month | 0.00 | (0.06) | 11.45 | (16.09) | 128.35 |
Other Forecasting Options for 60 Degrees
For every potential investor in SXTP, whether a beginner or expert, 60 Degrees' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. SXTP Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in SXTP. Basic forecasting techniques help filter out the noise by identifying 60 Degrees' price trends.60 Degrees Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with 60 Degrees stock to make a market-neutral strategy. Peer analysis of 60 Degrees could also be used in its relative valuation, which is a method of valuing 60 Degrees by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
60 Degrees Market Strength Events
Market strength indicators help investors to evaluate how 60 Degrees stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading 60 Degrees shares will generate the highest return on investment. By undertsting and applying 60 Degrees stock market strength indicators, traders can identify 60 Degrees Pharmaceuticals entry and exit signals to maximize returns.
| Accumulation Distribution | 17531.74 | |||
| Daily Balance Of Power | (1.00) | |||
| Rate Of Daily Change | 0.88 | |||
| Day Median Price | 3.93 | |||
| Day Typical Price | 3.9 | |||
| Price Action Indicator | (0.34) | |||
| Period Momentum Indicator | (0.53) |
60 Degrees Risk Indicators
The analysis of 60 Degrees' basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in 60 Degrees' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting sxtp stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 7.75 | |||
| Semi Deviation | 7.5 | |||
| Standard Deviation | 20.4 | |||
| Variance | 416.27 | |||
| Downside Variance | 68.55 | |||
| Semi Variance | 56.28 | |||
| Expected Short fall | (10.68) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Story Coverage note for 60 Degrees
The number of cover stories for 60 Degrees depends on current market conditions and 60 Degrees' risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that 60 Degrees 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 60 Degrees' long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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60 Degrees Short Properties
60 Degrees' future price predictability will typically decrease when 60 Degrees' long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of 60 Degrees Pharmaceuticals often depends not only on the future outlook of the potential 60 Degrees' 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. 60 Degrees' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 113.6 K | |
| Cash And Short Term Investments | 3.4 M |
Additional Tools for SXTP Stock Analysis
When running 60 Degrees' price analysis, check to measure 60 Degrees' 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 60 Degrees is operating at the current time. Most of 60 Degrees' value examination focuses on studying past and present price action to predict the probability of 60 Degrees' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 60 Degrees' price. Additionally, you may evaluate how the addition of 60 Degrees to your portfolios can decrease your overall portfolio volatility.