Allakos Stock Odds of Future Stock Price Finishing Over 21.86
| ALLK Stock | USD 1.06 0.01 0.95% |
Closest to current price Allakos long PUT Option Payoff at Expiration
Allakos |
Allakos Target Price Odds to finish over 21.86
The tendency of Allakos 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 $ 21.86 or more in 90 days |
| 1.06 | 90 days | 21.86 | close to zero percent |
Based on a normal probability distribution, the odds of Allakos to move over $ 21.86 or more in 90 days from now is close to zero percent (This Allakos probability density function shows the probability of Allakos Stock to fall within a particular range of prices over 90 days) . Probability of Allakos price to stay between its current price of $ 1.06 and $ 21.86 at the end of the 90-day period is about 85.12 .
Given the investment horizon of 90 days Allakos has a beta of 0.93. This suggests Allakos market returns are very sensitive to returns on the market. As the market goes up or down, Allakos is expected to follow. Additionally Allakos has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Allakos Price Density |
| Price |
Predictive Modules for Allakos
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Allakos. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Allakos' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Allakos Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Allakos is not an exception. The market had few large corrections towards the Allakos' 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 Allakos, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Allakos within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -1.01 | |
β | Beta against NYSE Composite | 0.93 | |
σ | Overall volatility | 0.24 | |
Ir | Information ratio | -0.11 |
Allakos 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 Allakos for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Allakos can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Allakos generated a negative expected return over the last 90 days | |
| Allakos has high historical volatility and very poor performance | |
| Allakos has some characteristics of a very speculative penny stock | |
| Allakos has a very high chance of going through financial distress in the upcoming years | |
| Net Loss for the year was (185.7 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Allakos currently holds about 212.44 M in cash with (116.48 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.87, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Allakos has a frail financial position based on the latest SEC disclosures | |
| Over 87.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from news.google.com: Allakos Trading Down 3.3 percent - MarketBeat |
Allakos 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 Allakos Stock often depends not only on the future outlook of the current and potential Allakos' 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. Allakos' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 86.8 M | |
| Cash And Short Term Investments | 170.8 M |
Allakos Technical Analysis
Allakos' future price can be derived by breaking down and analyzing its technical indicators over time. Allakos Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Allakos. In general, you should focus on analyzing Allakos Stock price patterns and their correlations with different microeconomic environments and drivers.
Allakos Predictive Forecast Models
Allakos' time-series forecasting models is one of many Allakos' 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 Allakos' 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 Allakos
Checking the ongoing alerts about Allakos for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Allakos help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Allakos generated a negative expected return over the last 90 days | |
| Allakos has high historical volatility and very poor performance | |
| Allakos has some characteristics of a very speculative penny stock | |
| Allakos has a very high chance of going through financial distress in the upcoming years | |
| Net Loss for the year was (185.7 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Allakos currently holds about 212.44 M in cash with (116.48 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.87, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Allakos has a frail financial position based on the latest SEC disclosures | |
| Over 87.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from news.google.com: Allakos Trading Down 3.3 percent - MarketBeat |
Check out Allakos Backtesting, Allakos Valuation, Allakos Correlation, Allakos Hype Analysis, Allakos Volatility, Allakos History as well as Allakos Performance. For more information on how to buy Allakos Stock please use our How to buy in Allakos Stock guide.You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
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When running Allakos' price analysis, check to measure Allakos' 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 Allakos is operating at the current time. Most of Allakos' value examination focuses on studying past and present price action to predict the probability of Allakos' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Allakos' price. Additionally, you may evaluate how the addition of Allakos to your portfolios can decrease your overall portfolio volatility.
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Is Allakos' 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 Allakos. If investors know Allakos 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 Allakos listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.14) | Return On Assets (0.39) | Return On Equity (0.78) |
The market value of Allakos is measured differently than its book value, which is the value of Allakos that is recorded on the company's balance sheet. Investors also form their own opinion of Allakos' value that differs from its market value or its book value, called intrinsic value, which is Allakos' 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 Allakos' market value can be influenced by many factors that don't directly affect Allakos' 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 Allakos' value and its price as these two are different measures arrived at by different means. Investors typically determine if Allakos is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Allakos' 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.