Protagonist Therapeutics Stock Forecast - Variance
| PTGX Stock | USD 25.22 0.35 1.37% |
Protagonist Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Protagonist Therapeutics stock prices and determine the direction of Protagonist Therapeutics's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Protagonist Therapeutics' historical fundamentals, such as revenue growth or operating cash flow patterns. Although Protagonist Therapeutics' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Protagonist Therapeutics' systematic risk associated with finding meaningful patterns of Protagonist Therapeutics fundamentals over time.
Check out Historical Fundamental Analysis of Protagonist Therapeutics to cross-verify your projections. Protagonist |
Open Interest Against 2024-04-19 Protagonist Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Protagonist Therapeutics' spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Protagonist Therapeutics' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Protagonist Therapeutics stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Protagonist Therapeutics' open interest, investors have to compare it to Protagonist Therapeutics' spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Protagonist Therapeutics is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Protagonist. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in Protagonist Therapeutics 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 Protagonist Therapeutics' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Protagonist Therapeutics' price structures and extracts relationships that further increase the generated results' accuracy.
| Previous Variance | Variance | Trend |
| 0 | 0 |
| Check Protagonist Therapeutics Volatility | Backtest Protagonist Therapeutics | Information Ratio |
Protagonist Therapeutics Trading Date Momentum
| On April 18 2024 Protagonist Therapeutics was traded for 25.22 at the closing time. The top price for the day was 25.76 and the lowest listed price was 25.17 . The trading volume for the day was 434.2 K. The trading history from April 18, 2024 did not cause price change. The trading delta at closing time against the current closing price is 0.48% . |
| Compare Protagonist Therapeutics to competition |
Other Forecasting Options for Protagonist Therapeutics
For every potential investor in Protagonist, whether a beginner or expert, Protagonist Therapeutics' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Protagonist Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Protagonist. Basic forecasting techniques help filter out the noise by identifying Protagonist Therapeutics' price trends.View Protagonist Therapeutics Related Equities
| Risk & Return | Correlation |
Protagonist Therapeutics 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 Protagonist Therapeutics' 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 Protagonist Therapeutics' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Protagonist Therapeutics Market Strength Events
Market strength indicators help investors to evaluate how Protagonist Therapeutics stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Protagonist Therapeutics shares will generate the highest return on investment. By undertsting and applying Protagonist Therapeutics stock market strength indicators, traders can identify Protagonist Therapeutics entry and exit signals to maximize returns.
| Accumulation Distribution | 9943.68 | |||
| Daily Balance Of Power | (0.59) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 25.47 | |||
| Day Typical Price | 25.38 | |||
| Price Action Indicator | (0.42) | |||
| Period Momentum Indicator | (0.35) |
Protagonist Therapeutics Risk Indicators
The analysis of Protagonist Therapeutics' 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 Protagonist Therapeutics' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting protagonist 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 | 2.27 | |||
| Semi Deviation | 2.48 | |||
| Standard Deviation | 3.17 | |||
| Variance | 10.04 | |||
| Downside Variance | 6.44 | |||
| Semi Variance | 6.17 | |||
| Expected Short fall | (2.66) |
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.
Becoming a Better Investor with Macroaxis
Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Protagonist Therapeutics using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.Build Optimal Portfolios
Align your risk with return expectations
Check out Historical Fundamental Analysis of Protagonist Therapeutics to cross-verify your projections. For more information on how to buy Protagonist Stock please use our How to Invest in Protagonist Therapeutics guide.Note that the Protagonist Therapeutics information on this page should be used as a complementary analysis to other Protagonist Therapeutics' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
Complementary Tools for Protagonist Stock analysis
When running Protagonist Therapeutics' price analysis, check to measure Protagonist Therapeutics' 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 Protagonist Therapeutics is operating at the current time. Most of Protagonist Therapeutics' value examination focuses on studying past and present price action to predict the probability of Protagonist Therapeutics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Protagonist Therapeutics' price. Additionally, you may evaluate how the addition of Protagonist Therapeutics to your portfolios can decrease your overall portfolio volatility.
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
| Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
| Commodity Directory Find actively traded commodities issued by global exchanges | |
| Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Global Correlations Find global opportunities by holding instruments from different markets | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals |
Is Protagonist Therapeutics' 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 Protagonist Therapeutics. If investors know Protagonist 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 Protagonist Therapeutics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.39) | Revenue Per Share 1.057 | Quarterly Revenue Growth (1.00) | Return On Assets (0.19) | Return On Equity (0.29) |
The market value of Protagonist Therapeutics is measured differently than its book value, which is the value of Protagonist that is recorded on the company's balance sheet. Investors also form their own opinion of Protagonist Therapeutics' value that differs from its market value or its book value, called intrinsic value, which is Protagonist Therapeutics' 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 Protagonist Therapeutics' market value can be influenced by many factors that don't directly affect Protagonist Therapeutics' 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 Protagonist Therapeutics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Protagonist Therapeutics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Protagonist Therapeutics' 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.