Edison Cobalt Corp Stock Probability of Future Pink Sheet Price Finishing Over 0.0645
| EDDYF Stock | USD 0.06 0.01 17.06% |
Edison |
Edison Cobalt Target Price Odds to finish over 0.0645
The tendency of Edison 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 Price | Horizon | Target Price | Odds to move above the current price in 90 days |
| 0.06 | 90 days | 0.06 | about 78.48 |
Based on a normal probability distribution, the odds of Edison Cobalt to move above the current price in 90 days from now is about 78.48 (This Edison Cobalt Corp probability density function shows the probability of Edison Pink Sheet to fall within a particular range of prices over 90 days) .
Assuming the 90 days horizon Edison Cobalt Corp has a beta of -0.7 suggesting as returns on the benchmark increase, returns on holding Edison Cobalt are expected to decrease at a much lower rate. During a bear market, however, Edison Cobalt Corp is likely to outperform the market. Additionally Edison Cobalt Corp has an alpha of 0.5318, implying that it can generate a 0.53 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Edison Cobalt Price Density |
| Price |
Predictive Modules for Edison Cobalt
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Edison Cobalt Corp. 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 Edison Cobalt's 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.
Edison Cobalt Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Edison Cobalt is not an exception. The market had few large corrections towards the Edison Cobalt's 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 Edison Cobalt Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Edison Cobalt within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.53 | |
β | Beta against Dow Jones | -0.7 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | 0.03 |
Edison Cobalt 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 Edison Cobalt for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Edison Cobalt Corp can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Edison Cobalt Corp had very high historical volatility over the last 90 days | |
| Edison Cobalt Corp has some characteristics of a very speculative penny stock | |
| Edison Cobalt Corp has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (1.45 M) with loss before overhead, payroll, taxes, and interest of (10.91 K). | |
| Edison Cobalt Corp has accumulated about 2.64 M in cash with (1.09 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.02. |
Edison Cobalt 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 Edison Pink Sheet often depends not only on the future outlook of the current and potential Edison Cobalt's 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. Edison Cobalt's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 115.2 M |
Edison Cobalt Technical Analysis
Edison Cobalt's future price can be derived by breaking down and analyzing its technical indicators over time. Edison Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Edison Cobalt Corp. In general, you should focus on analyzing Edison Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
Edison Cobalt Predictive Forecast Models
Edison Cobalt's time-series forecasting models is one of many Edison Cobalt's 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 Edison Cobalt's 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 Edison Cobalt Corp
Checking the ongoing alerts about Edison Cobalt for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Edison Cobalt Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Edison Cobalt Corp had very high historical volatility over the last 90 days | |
| Edison Cobalt Corp has some characteristics of a very speculative penny stock | |
| Edison Cobalt Corp has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (1.45 M) with loss before overhead, payroll, taxes, and interest of (10.91 K). | |
| Edison Cobalt Corp has accumulated about 2.64 M in cash with (1.09 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.02. |
Other Information on Investing in Edison Pink Sheet
Edison Cobalt financial ratios help investors to determine whether Edison Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Edison with respect to the benefits of owning Edison Cobalt security.