Altex Industries Stock Probability of Future Pink Sheet Price Finishing Under 0

ALTX Stock  USD 0.30  0.06  25.00%   
Altex Industries' future price is the expected price of Altex Industries instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of Altex Industries performance during a given time horizon utilizing its historical volatility. Check out Altex Industries Backtesting, Altex Industries Valuation, Altex Industries Correlation, Altex Industries Hype Analysis, Altex Industries Volatility, Altex Industries History as well as Altex Industries Performance.
  
Please specify Altex Industries' target price for which you would like Altex Industries odds to be computed.

Altex Industries Target Price Odds to finish below 0

The tendency of Altex Pink Sheet 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 PriceHorizonTarget PriceOdds to drop to $ 0.00  or more in 90 days
 0.30 90 days 0.00 
near 1
Based on a normal probability distribution, the odds of Altex Industries to drop to $ 0.00  or more in 90 days from now is near 1 (This Altex Industries probability density function shows the probability of Altex Pink Sheet to fall within a particular range of prices over 90 days) . Probability of Altex Industries price to stay between $ 0.00  and its current price of $0.3 at the end of the 90-day period is roughly 96.0 .
Given the investment horizon of 90 days Altex Industries has a beta of -0.28. This suggests as returns on the benchmark increase, returns on holding Altex Industries are expected to decrease at a much lower rate. During a bear market, however, Altex Industries is likely to outperform the market. Additionally Altex Industries has an alpha of 0.2877, implying that it can generate a 0.29 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta).
   Altex Industries Price Density   
       Price  

Predictive Modules for Altex Industries

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Altex Industries. Regardless of method or technology, however, to accurately forecast the pink sheet market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the pink sheet 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 Altex Industries' 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.
Hype
Prediction
LowEstimatedHigh
0.020.305.74
Details
Intrinsic
Valuation
LowRealHigh
0.010.235.67
Details

Altex Industries Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. Altex Industries is not an exception. The market had few large corrections towards the Altex Industries' 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 Altex Industries, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Altex Industries within the framework of very fundamental risk indicators.
α
Alpha over Dow Jones
0.29
β
Beta against Dow Jones-0.28
σ
Overall volatility
0.03
Ir
Information ratio 0.03

Altex Industries 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 Altex Industries for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Altex Industries can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
Altex Industries is way too risky over 90 days horizon
Altex Industries has some characteristics of a very speculative penny stock
Altex Industries appears to be risky and price may revert if volatility continues
Altex Industries currently holds about 2.39 M in cash with (129 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.2.
Roughly 63.0% of the company shares are held by company insiders
Latest headline from finance.yahoo.com: Is Berkshire Hathaway the Best Safe Stock to Buy According to Analysts

Altex Industries 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 Altex Pink Sheet often depends not only on the future outlook of the current and potential Altex Industries' 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. Altex Industries' indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding12 M
Cash And Short Term Investments2.4 M

Altex Industries Technical Analysis

Altex Industries' future price can be derived by breaking down and analyzing its technical indicators over time. Altex Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Altex Industries. In general, you should focus on analyzing Altex Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.

Altex Industries Predictive Forecast Models

Altex Industries' time-series forecasting models is one of many Altex Industries' pink sheet 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 Altex Industries' 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 pink sheet market movement and maximize returns from investment trading.

Things to note about Altex Industries

Checking the ongoing alerts about Altex Industries for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Altex Industries help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Altex Industries is way too risky over 90 days horizon
Altex Industries has some characteristics of a very speculative penny stock
Altex Industries appears to be risky and price may revert if volatility continues
Altex Industries currently holds about 2.39 M in cash with (129 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.2.
Roughly 63.0% of the company shares are held by company insiders
Latest headline from finance.yahoo.com: Is Berkshire Hathaway the Best Safe Stock to Buy According to Analysts

Additional Tools for Altex Pink Sheet Analysis

When running Altex Industries' price analysis, check to measure Altex Industries' 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 Altex Industries is operating at the current time. Most of Altex Industries' value examination focuses on studying past and present price action to predict the probability of Altex Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Altex Industries' price. Additionally, you may evaluate how the addition of Altex Industries to your portfolios can decrease your overall portfolio volatility.