Nucana Plc Stock Probability of Future Stock Price Finishing Over 22.86
| NCNA Stock | USD 1.25 0.01 0.79% |
NuCana |
NuCana PLC Target Price Odds to finish over 22.86
The tendency of NuCana 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 $ 22.86 or more in 90 days |
| 1.25 | 90 days | 22.86 | close to zero percent |
Based on a normal probability distribution, the odds of NuCana PLC to move over $ 22.86 or more in 90 days from now is close to zero percent (This NuCana PLC probability density function shows the probability of NuCana Stock to fall within a particular range of prices over 90 days) . Probability of NuCana PLC price to stay between its current price of $ 1.25 and $ 22.86 at the end of the 90-day period is about 79.77 .
Given the investment horizon of 90 days NuCana PLC has a beta of -0.56. This indicates as returns on the benchmark increase, returns on holding NuCana PLC are expected to decrease at a much lower rate. During a bear market, however, NuCana PLC is likely to outperform the market. Additionally NuCana PLC has an alpha of 0.088, implying that it can generate a 0.088 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). NuCana PLC Price Density |
| Price |
Predictive Modules for NuCana PLC
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as NuCana PLC. 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.NuCana PLC Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. NuCana PLC is not an exception. The market had few large corrections towards the NuCana PLC'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 NuCana PLC, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of NuCana PLC within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.09 | |
β | Beta against Dow Jones | -0.56 | |
σ | Overall volatility | 0.84 | |
Ir | Information ratio | -0.0026 |
NuCana PLC 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 NuCana PLC for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for NuCana PLC can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| NuCana PLC generated a negative expected return over the last 90 days | |
| NuCana PLC has high historical volatility and very poor performance | |
| NuCana PLC may become a speculative penny stock | |
| NuCana PLC has a very high chance of going through financial distress in the upcoming years | |
| Net Loss for the year was (27.63 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| NuCana PLC currently holds about 46.53 M in cash with (26.44 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.9. | |
| NuCana PLC has a poor financial position based on the latest SEC disclosures | |
| Latest headline from gurufocus.com: NuCana Reports Third Quarter 2024 Financial Results and Provides Business Update |
NuCana PLC 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 NuCana Stock often depends not only on the future outlook of the current and potential NuCana PLC'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. NuCana PLC's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 2.1 M | |
| Cash And Short Term Investments | 17.2 M |
NuCana PLC Technical Analysis
NuCana PLC's future price can be derived by breaking down and analyzing its technical indicators over time. NuCana Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of NuCana PLC. In general, you should focus on analyzing NuCana Stock price patterns and their correlations with different microeconomic environments and drivers.
NuCana PLC Predictive Forecast Models
NuCana PLC's time-series forecasting models is one of many NuCana PLC'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 NuCana PLC'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 NuCana PLC
Checking the ongoing alerts about NuCana PLC for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for NuCana PLC help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| NuCana PLC generated a negative expected return over the last 90 days | |
| NuCana PLC has high historical volatility and very poor performance | |
| NuCana PLC may become a speculative penny stock | |
| NuCana PLC has a very high chance of going through financial distress in the upcoming years | |
| Net Loss for the year was (27.63 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| NuCana PLC currently holds about 46.53 M in cash with (26.44 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.9. | |
| NuCana PLC has a poor financial position based on the latest SEC disclosures | |
| Latest headline from gurufocus.com: NuCana Reports Third Quarter 2024 Financial Results and Provides Business Update |
Check out NuCana PLC Backtesting, NuCana PLC Valuation, NuCana PLC Correlation, NuCana PLC Hype Analysis, NuCana PLC Volatility, NuCana PLC History as well as NuCana PLC Performance. For information on how to trade NuCana Stock refer to our How to Trade NuCana Stock guide.You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
Is Biotechnology space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of NuCana PLC. If investors know NuCana will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about NuCana PLC listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (15.00) | Return On Assets (0.68) | Return On Equity (1.81) |
The market value of NuCana PLC is measured differently than its book value, which is the value of NuCana that is recorded on the company's balance sheet. Investors also form their own opinion of NuCana PLC's value that differs from its market value or its book value, called intrinsic value, which is NuCana PLC's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because NuCana PLC's market value can be influenced by many factors that don't directly affect NuCana PLC's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between NuCana PLC's value and its price as these two are different measures arrived at by different means. Investors typically determine if NuCana PLC is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NuCana PLC's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.