BioLight Life (Israel) Probability of Future Stock Price Finishing Under 511.39
| BOLT Stock | ILS 500.00 16.00 3.31% |
BioLight |
BioLight Life Target Price Odds to finish below 511.39
The tendency of BioLight 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 stay under S 511.39 after 90 days |
| 500.00 | 90 days | 511.39 | about 90.31 |
Based on a normal probability distribution, the odds of BioLight Life to stay under S 511.39 after 90 days from now is about 90.31 (This BioLight Life Sciences probability density function shows the probability of BioLight Stock to fall within a particular range of prices over 90 days) . Probability of BioLight Life Sciences price to stay between its current price of S 500.00 and S 511.39 at the end of the 90-day period is about 6.27 .
Assuming the 90 days trading horizon BioLight Life Sciences has a beta of -0.34 suggesting as returns on the benchmark increase, returns on holding BioLight Life are expected to decrease at a much lower rate. During a bear market, however, BioLight Life Sciences is likely to outperform the market. Additionally BioLight Life Sciences has an alpha of 0.392, implying that it can generate a 0.39 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). BioLight Life Price Density |
| Price |
Predictive Modules for BioLight Life
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as BioLight Life Sciences. 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.BioLight Life Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. BioLight Life is not an exception. The market had few large corrections towards the BioLight Life'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 BioLight Life Sciences, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of BioLight Life within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.39 | |
β | Beta against Dow Jones | -0.34 | |
σ | Overall volatility | 37.38 | |
Ir | Information ratio | 0.05 |
BioLight Life 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 BioLight Life for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for BioLight Life Sciences can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| BioLight Life had very high historical volatility over the last 90 days | |
| BioLight Life Sciences has accumulated about 39.85 M in cash with (10.03 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 8.77. | |
| Roughly 56.0% of the company shares are held by company insiders |
BioLight Life 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 BioLight Stock often depends not only on the future outlook of the current and potential BioLight Life'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. BioLight Life's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 4.6 M | |
| Shares Float | 1.9 M |
BioLight Life Technical Analysis
BioLight Life's future price can be derived by breaking down and analyzing its technical indicators over time. BioLight Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of BioLight Life Sciences. In general, you should focus on analyzing BioLight Stock price patterns and their correlations with different microeconomic environments and drivers.
BioLight Life Predictive Forecast Models
BioLight Life's time-series forecasting models is one of many BioLight Life'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 BioLight Life'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 BioLight Life Sciences
Checking the ongoing alerts about BioLight Life for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for BioLight Life Sciences help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| BioLight Life had very high historical volatility over the last 90 days | |
| BioLight Life Sciences has accumulated about 39.85 M in cash with (10.03 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 8.77. | |
| Roughly 56.0% of the company shares are held by company insiders |
Other Information on Investing in BioLight Stock
BioLight Life financial ratios help investors to determine whether BioLight 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 BioLight with respect to the benefits of owning BioLight Life security.