GUARDANT HEALTH (Germany) Probability of Future Stock Price Finishing Over 33.76
| 5GH Stock | EUR 30.96 1.28 3.97% |
GUARDANT |
GUARDANT HEALTH Target Price Odds to finish over 33.76
The tendency of GUARDANT 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 move over € 33.76 or more in 90 days |
| 30.96 | 90 days | 33.76 | about 8.18 |
Based on a normal probability distribution, the odds of GUARDANT HEALTH to move over € 33.76 or more in 90 days from now is about 8.18 (This GUARDANT HEALTH CL probability density function shows the probability of GUARDANT Stock to fall within a particular range of prices over 90 days) . Probability of GUARDANT HEALTH CL price to stay between its current price of € 30.96 and € 33.76 at the end of the 90-day period is about 9.37 .
Assuming the 90 days horizon GUARDANT HEALTH has a beta of 0.65. This suggests as returns on the market go up, GUARDANT HEALTH average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding GUARDANT HEALTH CL will be expected to be much smaller as well. Additionally GUARDANT HEALTH CL has an alpha of 0.6026, implying that it can generate a 0.6 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). GUARDANT HEALTH Price Density |
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Predictive Modules for GUARDANT 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 GUARDANT HEALTH CL. 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.GUARDANT HEALTH Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. GUARDANT HEALTH is not an exception. The market had few large corrections towards the GUARDANT 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 GUARDANT HEALTH CL, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of GUARDANT HEALTH within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.60 | |
β | Beta against Dow Jones | 0.65 | |
σ | Overall volatility | 6.08 | |
Ir | Information ratio | 0.15 |
GUARDANT 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 GUARDANT HEALTH for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for GUARDANT HEALTH CL can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| GUARDANT HEALTH CL appears to be risky and price may revert if volatility continues | |
| GUARDANT HEALTH CL has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 430.76 M. Net Loss for the year was (378.65 M) with profit before overhead, payroll, taxes, and interest of 250.74 M. | |
| GUARDANT HEALTH CL has accumulated about 1.79 B in cash with (146.16 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 17.69. | |
| Over 94.0% of the company shares are owned by institutions such as pension funds |
GUARDANT HEALTH Technical Analysis
GUARDANT HEALTH's future price can be derived by breaking down and analyzing its technical indicators over time. GUARDANT Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of GUARDANT HEALTH CL. In general, you should focus on analyzing GUARDANT Stock price patterns and their correlations with different microeconomic environments and drivers.
GUARDANT HEALTH Predictive Forecast Models
GUARDANT HEALTH's time-series forecasting models is one of many GUARDANT 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 GUARDANT 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 GUARDANT HEALTH CL
Checking the ongoing alerts about GUARDANT HEALTH for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for GUARDANT HEALTH CL help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| GUARDANT HEALTH CL appears to be risky and price may revert if volatility continues | |
| GUARDANT HEALTH CL has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 430.76 M. Net Loss for the year was (378.65 M) with profit before overhead, payroll, taxes, and interest of 250.74 M. | |
| GUARDANT HEALTH CL has accumulated about 1.79 B in cash with (146.16 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 17.69. | |
| Over 94.0% of the company shares are owned by institutions such as pension funds |
Other Information on Investing in GUARDANT Stock
GUARDANT HEALTH financial ratios help investors to determine whether GUARDANT Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in GUARDANT with respect to the benefits of owning GUARDANT HEALTH security.