Bright Minds Stock Forecast - Accumulation Distribution
| DRUG Stock | USD 0.99 0.03 2.94% |
Bright Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Bright Minds stock prices and determine the direction of Bright Minds Biosciences's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Bright Minds' historical fundamentals, such as revenue growth or operating cash flow patterns. Although Bright Minds' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Bright Minds' systematic risk associated with finding meaningful patterns of Bright Minds fundamentals over time.
Check out Historical Fundamental Analysis of Bright Minds to cross-verify your projections. Bright |
Most investors in Bright Minds cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Bright Minds' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Bright Minds' price structures and extracts relationships that further increase the generated results' accuracy.
The accumulation distribution (A/D) indicator shows the degree to which Bright Minds is accumulated by the market over a given period. It uses the quote sensitivity to the highest or lowest daily price of Bright Minds Biosciences to determine if accumulation or reduction is taking place in the market. This value is adjusted by Bright Minds trading volume to give more weight to distributions with higher volume over lower volume.| Previous Accumulation Distribution | Accumulation Distribution | Trend |
| 93.66 | 0.0755 |
| Check Bright Minds Volatility | Backtest Bright Minds | Information Ratio |
Bright Minds Trading Date Momentum
| On May 07 2024 Bright Minds Biosciences was traded for 0.99 at the closing time. The top price for the day was 1.06 and the lowest listed price was 0.98 . There was no trading activity during the period 0.0. Lack of trading volume on May 7, 2024 did not affect price variability. The overall trading delta against the current closing price is 3.03% . |
Accumulation distribution indicator can signal that a trend is either nearing completion, at a continuation, or is about to break-outs. The actual value of this indicator is of no significance. What is significant is the change in value of over time. The formula for A/D of a given trading day can be expressed as follow: ((Close - Low) - (High - Close)) / (High - Low) X Volume
| Compare Bright Minds to competition |
Other Forecasting Options for Bright Minds
For every potential investor in Bright, whether a beginner or expert, Bright Minds' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Bright Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Bright. Basic forecasting techniques help filter out the noise by identifying Bright Minds' price trends.Bright Minds Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Bright Minds stock to make a market-neutral strategy. Peer analysis of Bright Minds could also be used in its relative valuation, which is a method of valuing Bright Minds by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Bright Minds Biosciences Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Bright Minds' price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Bright Minds' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Bright Minds Market Strength Events
Market strength indicators help investors to evaluate how Bright Minds stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Bright Minds shares will generate the highest return on investment. By undertsting and applying Bright Minds stock market strength indicators, traders can identify Bright Minds Biosciences entry and exit signals to maximize returns.
Bright Minds Risk Indicators
The analysis of Bright Minds' basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Bright Minds' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting bright stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 3.3 | |||
| Standard Deviation | 4.51 | |||
| Variance | 20.31 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Bright Minds in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Bright Minds' short interest history, or implied volatility extrapolated from Bright Minds options trading.
Pair Trading with Bright Minds
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Bright Minds position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Bright Minds will appreciate offsetting losses from the drop in the long position's value.Moving together with Bright Stock
| 0.68 | EGRX | Eagle Pharmaceuticals | PairCorr |
| 0.63 | JNJ | Johnson Johnson Aggressive Push | PairCorr |
Moving against Bright Stock
| 0.79 | SNDL | SNDL Inc Financial Report 20th of May 2024 | PairCorr |
| 0.72 | CGC | Canopy Growth Corp Downward Rally | PairCorr |
| 0.69 | QLI | Qilian International | PairCorr |
| 0.68 | IMCC | Im Cannabis Corp | PairCorr |
| 0.62 | PAHC | Phibro Animal Health Fiscal Year End 4th of September 2024 | PairCorr |
The ability to find closely correlated positions to Bright Minds could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bright Minds when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Bright Minds - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Bright Minds Biosciences to buy it.
The correlation of Bright Minds is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bright Minds moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bright Minds Biosciences moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Bright Minds can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Historical Fundamental Analysis of Bright Minds to cross-verify your projections. You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
Complementary Tools for Bright Stock analysis
When running Bright Minds' price analysis, check to measure Bright Minds' 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 Bright Minds is operating at the current time. Most of Bright Minds' value examination focuses on studying past and present price action to predict the probability of Bright Minds' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bright Minds' price. Additionally, you may evaluate how the addition of Bright Minds to your portfolios can decrease your overall portfolio volatility.
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Is Bright Minds' industry 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 Bright Minds. If investors know Bright 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 Bright Minds listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.29) | Return On Assets (0.45) | Return On Equity (0.79) |
The market value of Bright Minds Biosciences is measured differently than its book value, which is the value of Bright that is recorded on the company's balance sheet. Investors also form their own opinion of Bright Minds' value that differs from its market value or its book value, called intrinsic value, which is Bright Minds' 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 Bright Minds' market value can be influenced by many factors that don't directly affect Bright Minds' 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 Bright Minds' value and its price as these two are different measures arrived at by different means. Investors typically determine if Bright Minds is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bright Minds' 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.