Exact Sciences Stock Probability of Future Stock Price Finishing Over 53.07
| EXAS Stock | USD 57.55 0.07 0.12% |
EXACT |
EXACT Sciences Target Price Odds to finish over 53.07
The tendency of EXACT 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 above $ 53.07 in 90 days |
| 57.55 | 90 days | 53.07 | about 91.59 |
Based on a normal probability distribution, the odds of EXACT Sciences to stay above $ 53.07 in 90 days from now is about 91.59 (This EXACT Sciences probability density function shows the probability of EXACT Stock to fall within a particular range of prices over 90 days) . Probability of EXACT Sciences price to stay between $ 53.07 and its current price of $57.55 at the end of the 90-day period is about 14.58 .
Given the investment horizon of 90 days EXACT Sciences has a beta of -0.4 suggesting as returns on the benchmark increase, returns on holding EXACT Sciences are expected to decrease at a much lower rate. During a bear market, however, EXACT Sciences is likely to outperform the market. Additionally EXACT Sciences 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. EXACT Sciences Price Density |
| Price |
Predictive Modules for EXACT Sciences
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as EXACT 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.EXACT Sciences Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. EXACT Sciences is not an exception. The market had few large corrections towards the EXACT Sciences' 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 EXACT Sciences, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of EXACT Sciences within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.17 | |
β | Beta against Dow Jones | -0.4 | |
σ | Overall volatility | 7.01 | |
Ir | Information ratio | -0.05 |
EXACT Sciences 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 EXACT Sciences for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for EXACT 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.| EXACT Sciences generated a negative expected return over the last 90 days | |
| EXACT Sciences has high historical volatility and very poor performance | |
| The company reported the previous year's revenue of 2.5 B. Net Loss for the year was (204.15 M) with profit before overhead, payroll, taxes, and interest of 1.51 B. | |
| Over 99.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from simplywall.st: Exact Sciences Corporations Shift From Loss To Profit |
EXACT Sciences 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 EXACT Stock often depends not only on the future outlook of the current and potential EXACT Sciences' 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. EXACT Sciences' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 180.1 M | |
| Cash And Short Term Investments | 777.6 M |
EXACT Sciences Technical Analysis
EXACT Sciences' future price can be derived by breaking down and analyzing its technical indicators over time. EXACT Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of EXACT Sciences. In general, you should focus on analyzing EXACT Stock price patterns and their correlations with different microeconomic environments and drivers.
EXACT Sciences Predictive Forecast Models
EXACT Sciences' time-series forecasting models is one of many EXACT Sciences' 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 EXACT Sciences' 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 EXACT Sciences
Checking the ongoing alerts about EXACT Sciences for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for EXACT Sciences help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| EXACT Sciences generated a negative expected return over the last 90 days | |
| EXACT Sciences has high historical volatility and very poor performance | |
| The company reported the previous year's revenue of 2.5 B. Net Loss for the year was (204.15 M) with profit before overhead, payroll, taxes, and interest of 1.51 B. | |
| Over 99.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from simplywall.st: Exact Sciences Corporations Shift From Loss To Profit |
Additional Tools for EXACT Stock Analysis
When running EXACT Sciences' price analysis, check to measure EXACT Sciences' 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 EXACT Sciences is operating at the current time. Most of EXACT Sciences' value examination focuses on studying past and present price action to predict the probability of EXACT Sciences' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EXACT Sciences' price. Additionally, you may evaluate how the addition of EXACT Sciences to your portfolios can decrease your overall portfolio volatility.