Aptose Biosciences Stock Probability of Future Stock Price Finishing Under 0.36
| APS Stock | CAD 0.37 0.01 2.78% |
Aptose |
Aptose Biosciences Target Price Odds to finish below 0.36
The tendency of Aptose 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 C$ 0.36 or more in 90 days |
| 0.37 | 90 days | 0.36 | about 25.18 |
Based on a normal probability distribution, the odds of Aptose Biosciences to drop to C$ 0.36 or more in 90 days from now is about 25.18 (This Aptose Biosciences probability density function shows the probability of Aptose Stock to fall within a particular range of prices over 90 days) . Probability of Aptose Biosciences price to stay between C$ 0.36 and its current price of C$0.37 at the end of the 90-day period is roughly 2.73 .
Assuming the 90 days trading horizon the stock has the beta coefficient of 1.87 . This suggests as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Aptose Biosciences will likely underperform. Additionally Aptose Biosciences has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Aptose Biosciences Price Density |
| Price |
Predictive Modules for Aptose Biosciences
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Aptose Biosciences. 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.Aptose Biosciences Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Aptose Biosciences is not an exception. The market had few large corrections towards the Aptose Biosciences' 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 Aptose Biosciences, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Aptose Biosciences within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.16 | |
β | Beta against Dow Jones | 1.87 | |
σ | Overall volatility | 0.12 | |
Ir | Information ratio | -0.01 |
Aptose Biosciences 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 Aptose Biosciences for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Aptose Biosciences can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Aptose Biosciences generated a negative expected return over the last 90 days | |
| Aptose Biosciences has high historical volatility and very poor performance | |
| Aptose Biosciences has some characteristics of a very speculative penny stock | |
| Aptose Biosciences has a very high chance of going through financial distress in the upcoming years | |
| Net Loss for the year was (51.21 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Aptose Biosciences has accumulated about 36.37 M in cash with (44.59 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.64, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Roughly 16.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Aptose Biosciences Granted Nasdaq Compliance Extension - TipRanks |
Aptose Biosciences 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 Aptose Stock often depends not only on the future outlook of the current and potential Aptose Biosciences' 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. Aptose Biosciences' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 6.8 M | |
| Cash And Short Term Investments | 9.3 M |
Aptose Biosciences Technical Analysis
Aptose Biosciences' future price can be derived by breaking down and analyzing its technical indicators over time. Aptose Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Aptose Biosciences. In general, you should focus on analyzing Aptose Stock price patterns and their correlations with different microeconomic environments and drivers.
Aptose Biosciences Predictive Forecast Models
Aptose Biosciences' time-series forecasting models is one of many Aptose Biosciences' 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 Aptose Biosciences' 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 Aptose Biosciences
Checking the ongoing alerts about Aptose Biosciences for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Aptose Biosciences help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Aptose Biosciences generated a negative expected return over the last 90 days | |
| Aptose Biosciences has high historical volatility and very poor performance | |
| Aptose Biosciences has some characteristics of a very speculative penny stock | |
| Aptose Biosciences has a very high chance of going through financial distress in the upcoming years | |
| Net Loss for the year was (51.21 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Aptose Biosciences has accumulated about 36.37 M in cash with (44.59 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.64, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Roughly 16.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Aptose Biosciences Granted Nasdaq Compliance Extension - TipRanks |
Check out Aptose Biosciences Backtesting, Aptose Biosciences Valuation, Aptose Biosciences Correlation, Aptose Biosciences Hype Analysis, Aptose Biosciences Volatility, Aptose Biosciences History as well as Aptose Biosciences Performance. To learn how to invest in Aptose Stock, please use our How to Invest in Aptose Biosciences guide.You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.