BrainsWay Ltd. (BWAY) is a medical device company focused on developing and commercializing innovative treatments for brain disorders using its proprietary Deep Transcranial Magnetic Stimulation (dTMS) technology. Founded in 2003 and headquartered in Jerusalem, Israel, BrainsWay aims to provide non-invasive therapies for a variety of mental health conditions, including depression, obsessive-compulsive disorder (OCD), and PTSD (post-traumatic stress disorder).
The company’s flagship product, the BrainsWay dTMS System, utilizes magnetic fields to stimulate specific areas of the brain, promoting neural activity and helping to alleviate symptoms of various mental health disorders. This non-invasive approach offers an alternative to traditional treatments, such as medications and electroconvulsive therapy (ECT), with a focus on improving patient outcomes while minimizing side effects.
The main drivers of growth for BrainsWay include the increasing recognition of mental health issues and the rising demand for effective, non-invasive treatment options. As awareness around mental health continues to grow, the need for innovative therapies becomes more critical.
BrainsWay’s commitment to research and clinical trials helps to validate its technology and expand its indications for use. The company is also focused on building partnerships with healthcare providers and expanding its presence in both domestic and international markets to enhance accessibility to its dTMS technology. Learn more at BrainsWay Ltd..
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Backtesting a stock can provide investors with critical statistical data. These results give you an informed perspective on how a stock trades within your chosen buying and selling method of analysis. The definition of trade expectancy is defined as: trade expectancy = (probability of win * average win) – (probability of loss * average loss). If the calculation returns a positive number, a trader should make money over time.
The average percentage gained on positive, money making trades was 53.2%. While the average percent loss on money losing trades was 14.04%.
Trade expectancy includes both winners and losers. Trade expectancy is displayed as a percentage. This backtest displays the dollar value, percentage, annual trade expectancy, and annual percent. Annual expectancy is the trade expectancy percentage multiplied by the number of trades per year.
The Trade expectancy % for BWAY over the past year is 19.58%. The number of trades generated per year was 4 giving an Annual Trade Expectancy of 78.32%
The average days in a trade is 31 and the average days between trades is 15.
With any method of analysis that uses past performance, it can be said that past performance is not indication of future performance. What is does provide is a probabilistic look at a stock’s price activity characteristics over time.
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