60 Degrees Pharmaceuticals, Stock Probability of Future Stock Price Finishing Over 0.039
| SXTPW Stock | 0.04 0.01 30.43% |
SXTPW |
60 Degrees Target Price Odds to finish over 0.039
The tendency of SXTPW 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 above the current price in 90 days |
| 0.04 | 90 days | 0.04 | about 59.3 |
Based on a normal probability distribution, the odds of 60 Degrees to move above the current price in 90 days from now is about 59.3 (This 60 Degrees Pharmaceuticals, probability density function shows the probability of SXTPW Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days horizon 60 Degrees Pharmaceuticals, has a beta of -8.66. This usually implies as returns on its benchmark rise, returns on holding 60 Degrees Pharmaceuticals, are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, 60 Degrees is expected to outperform its benchmark. In addition to that 60 Degrees Pharmaceuticals, has an alpha of 7.1891, implying that it can generate a 7.19 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). 60 Degrees Price Density |
| Price |
Predictive Modules for 60 Degrees
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as 60 Degrees Pharmaceu. 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.60 Degrees Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. 60 Degrees is not an exception. The market had few large corrections towards the 60 Degrees' 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 60 Degrees Pharmaceuticals,, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of 60 Degrees within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 7.19 | |
β | Beta against Dow Jones | -8.66 | |
σ | Overall volatility | 0.02 | |
Ir | Information ratio | 0.15 |
60 Degrees 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 60 Degrees for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for 60 Degrees Pharmaceu can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| 60 Degrees Pharmaceu is way too risky over 90 days horizon | |
| 60 Degrees Pharmaceu has some characteristics of a very speculative penny stock | |
| 60 Degrees Pharmaceu appears to be risky and price may revert if volatility continues | |
| 60 Degrees Pharmaceu has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 253.57 K. Net Loss for the year was (3.77 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| 60 Degrees generates negative cash flow from operations | |
| 60 Degrees Pharmaceu has a very weak financial position based on the latest SEC disclosures | |
| Latest headline from gurufocus.com: 60 Degrees Pharmaceuticals Expands Tafenoquine Clinical Trial for Babesiosis to Brigham and ... |
60 Degrees 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 SXTPW Stock often depends not only on the future outlook of the current and potential 60 Degrees' 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. 60 Degrees' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 484.2 K |
60 Degrees Technical Analysis
60 Degrees' future price can be derived by breaking down and analyzing its technical indicators over time. SXTPW Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of 60 Degrees Pharmaceuticals,. In general, you should focus on analyzing SXTPW Stock price patterns and their correlations with different microeconomic environments and drivers.
60 Degrees Predictive Forecast Models
60 Degrees' time-series forecasting models is one of many 60 Degrees' 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 60 Degrees' 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 60 Degrees Pharmaceu
Checking the ongoing alerts about 60 Degrees for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for 60 Degrees Pharmaceu help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| 60 Degrees Pharmaceu is way too risky over 90 days horizon | |
| 60 Degrees Pharmaceu has some characteristics of a very speculative penny stock | |
| 60 Degrees Pharmaceu appears to be risky and price may revert if volatility continues | |
| 60 Degrees Pharmaceu has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 253.57 K. Net Loss for the year was (3.77 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| 60 Degrees generates negative cash flow from operations | |
| 60 Degrees Pharmaceu has a very weak financial position based on the latest SEC disclosures | |
| Latest headline from gurufocus.com: 60 Degrees Pharmaceuticals Expands Tafenoquine Clinical Trial for Babesiosis to Brigham and ... |
Additional Tools for SXTPW Stock Analysis
When running 60 Degrees' price analysis, check to measure 60 Degrees' 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 60 Degrees is operating at the current time. Most of 60 Degrees' value examination focuses on studying past and present price action to predict the probability of 60 Degrees' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 60 Degrees' price. Additionally, you may evaluate how the addition of 60 Degrees to your portfolios can decrease your overall portfolio volatility.