Opthea Stock Chance of Future Stock Price Finishing Over 3.16
| OPT Stock | USD 3.34 0.11 3.41% |
Opthea |
Opthea Target Price Odds to finish over 3.16
The tendency of Opthea 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 $ 3.16 in 90 days |
| 3.34 | 90 days | 3.16 | about 92.27 |
Based on a normal probability distribution, the odds of Opthea to stay above $ 3.16 in 90 days from now is about 92.27 (This Opthea probability density function shows the probability of Opthea Stock to fall within a particular range of prices over 90 days) . Probability of Opthea price to stay between $ 3.16 and its current price of $3.34 at the end of the 90-day period is about 5.44 .
Considering the 90-day investment horizon Opthea has a beta of 0.7. This indicates as returns on the market go up, Opthea average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Opthea will be expected to be much smaller as well. Additionally Opthea 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. Opthea Price Density |
| Price |
Predictive Modules for Opthea
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Opthea. 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.Opthea Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Opthea is not an exception. The market had few large corrections towards the Opthea'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 Opthea, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Opthea within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.16 | |
β | Beta against Dow Jones | 0.70 | |
σ | Overall volatility | 0.59 | |
Ir | Information ratio | -0.04 |
Opthea 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 Opthea for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Opthea can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Opthea generated a negative expected return over the last 90 days | |
| Opthea has high historical volatility and very poor performance | |
| Opthea has a very high chance of going through financial distress in the upcoming years | |
| The company reported the last year's revenue of 124.67 K. Reported Net Loss for the year was (220.24 M) with profit before taxes, overhead, and interest of 218.45 K. | |
| Opthea has about 44.63 M in cash with (161.02 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.01. | |
| Opthea has a poor financial position based on the latest SEC disclosures | |
| Latest headline from gurufocus.com: Opthea to Present at 43rd Annual J.P. Morgan Healthcare Conference |
Opthea 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 Opthea Stock often depends not only on the future outlook of the current and potential Opthea'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. Opthea's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 79.8 M | |
| Cash And Short Term Investments | 172.5 M |
Opthea Technical Analysis
Opthea's future price can be derived by breaking down and analyzing its technical indicators over time. Opthea Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Opthea. In general, you should focus on analyzing Opthea Stock price patterns and their correlations with different microeconomic environments and drivers.
Opthea Predictive Forecast Models
Opthea's time-series forecasting models is one of many Opthea'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 Opthea'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 Opthea
Checking the ongoing alerts about Opthea for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Opthea help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Opthea generated a negative expected return over the last 90 days | |
| Opthea has high historical volatility and very poor performance | |
| Opthea has a very high chance of going through financial distress in the upcoming years | |
| The company reported the last year's revenue of 124.67 K. Reported Net Loss for the year was (220.24 M) with profit before taxes, overhead, and interest of 218.45 K. | |
| Opthea has about 44.63 M in cash with (161.02 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.01. | |
| Opthea has a poor financial position based on the latest SEC disclosures | |
| Latest headline from gurufocus.com: Opthea to Present at 43rd Annual J.P. Morgan Healthcare Conference |
Additional Tools for Opthea Stock Analysis
When running Opthea's price analysis, check to measure Opthea's 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 Opthea is operating at the current time. Most of Opthea's value examination focuses on studying past and present price action to predict the probability of Opthea's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Opthea's price. Additionally, you may evaluate how the addition of Opthea to your portfolios can decrease your overall portfolio volatility.