BELLUS Health Stock Forecast - Day Median Price

BLU
 Stock
  

USD 9.68  0.34  3.39%   

BELLUS Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast BELLUS Health historical stock prices and determine the direction of BELLUS Health's future trends based on various well-known forecasting models. However, solely looking at the historical price movement is usually misleading. Macroaxis recommends to always use this module together with analysis of BELLUS Health historical fundamentals such as revenue growth or operating cash flow patterns. Although BELLUS Health naive historical forecasting may sometimes provide an important future outlook for the firm we recommend to always cross-verify it against solid analysis of BELLUS Health systematic risk associated with finding meaningful patterns of BELLUS Health fundamentals over time.
Continue to Historical Fundamental Analysis of BELLUS Health to cross-verify your projections.
  
Asset Turnover is likely to drop to 0.000895 in 2022. Issuance Purchase of Equity Shares is likely to gain to about 227.1 M in 2022, whereas Weighted Average Shares is likely to drop slightly above 63.8 M in 2022.

Open Interest Agains t 2022-12-16 BELLUS Option Contracts

Although open interest is a measure utilized in the options markets, it could be used to forecast BELLUS Health's 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 BELLUS Health's options reflect these daily shifts, investors could use the patterns of these changes to develop long and short trading strategies BELLUS Health stock based on available contracts left at the end of a trading day.
Please note, to derive more accurate forecasting about market movement from the current BELLUS Health's open interest, investors have to compare it to BELLUS Health's 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 BELLUS Health 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 BELLUS. 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.
BELLUS Health has current Day Median Price of 0.
Most investors in BELLUS Health 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 BELLUS Health's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets BELLUS Health's price structures and extracts relationships that further increase the generated results' accuracy.
Median Price is the statistical median of an asset price for a given trading period.
  Previous Day Median PriceDay Median PriceTrend
10.150
Check BELLUS Health VolatilityBacktest BELLUS HealthInformation Ratio  

BELLUS Health Trading Date Momentum

On December 06 2022 BELLUS Health was traded for  9.68  at the closing time. Highest BELLUS Health's price during the trading hours was 10.11  and the lowest price during the day was  9.65 . The net volume was 255.8 K. The overall trading history on the 6th of December did not affect price variability. The overall trading delta to current price is 3.51% .
The median price is the midpoint of the trading periods range.
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Other Forecasting Options for BELLUS Health

For every potential investor in BELLUS, whether a beginner or expert, BELLUS Health's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. BELLUS Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in BELLUS. Basic forecasting techniques help filter out the noise by identifying BELLUS Health's price trends.

BELLUS Health 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 BELLUS Health stock to make a market-neutral strategy. Peer analysis of BELLUS Health could also be used in its relative valuation, which is a method of valuing BELLUS Health by comparing valuation metrics with similar companies.
Johnson JohnsonBondbloxx ETF TrustFidelity MSCI EnergyMerck CompanyAMN Healthcare ServicesTwist Bioscience CorpFreedom Holding CorpGlobal X NASDAQFRANKLIN MUTUAL EUROPEANBHP Group LimitedNatural Health TrendIShares MSCI USABetaPro Canadian GoldAramark HoldingsVanguard Long-Term
 Risk & Return  Correlation

BELLUS Health 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 BELLUS Health's 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 BELLUS Health's current price.

BELLUS Health Risk Indicators

The analysis of BELLUS Health's basic risk indicators is one of the essential steps in helping accuretelly forecast its future price. The process involves identifying the amount of risk involved in BELLUS Health's investment and either accepting that risk or mitigating it. Along with some funamental techniques of forecasting BELLUS Health stock price, 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.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential stock investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

Be your own money manager

Our tools can tell you how much better you can do entering a position in BELLUS Health without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Pair Trading with BELLUS Health

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 BELLUS Health 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 BELLUS Health will appreciate offsetting losses from the drop in the long position's value.

Moving against BELLUS Health

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-0.61GILDGilead Sciences Sell-off TrendPairCorr
The ability to find closely correlated positions to BELLUS Health could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BELLUS Health 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 BELLUS Health - 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 BELLUS Health to buy it.
The correlation of BELLUS Health is a statistical measure of how it moves in relation to other equities. 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 BELLUS Health moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BELLUS Health 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 BELLUS Health 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.
Pair CorrelationCorrelation Matching
Continue to Historical Fundamental Analysis of BELLUS Health to cross-verify your projections. You can also try Focused Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.

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Is BELLUS Health's 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 BELLUS Health. If investors know BELLUS 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 BELLUS Health listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
1.3 B
Return On Assets
(0.17) 
Return On Equity
(0.29) 
The market value of BELLUS Health is measured differently than its book value, which is the value of BELLUS that is recorded on the company's balance sheet. Investors also form their own opinion of BELLUS Health's value that differs from its market value or its book value, called intrinsic value, which is BELLUS Health's 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 BELLUS Health's market value can be influenced by many factors that don't directly affect BELLUS Health's 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 BELLUS Health's value and its price as these two are different measures arrived at by different means. Investors typically determine BELLUS Health value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BELLUS Health's 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.