Eastern Iron (Australia) Probability of Future Stock Price Finishing Under 0.026
| EFE Stock | 0.03 0 13.33% |
Eastern |
Eastern Iron Target Price Odds to finish below 0.026
The tendency of Eastern 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 below current price in 90 days |
| 0.03 | 90 days | 0.03 | near 1 |
Based on a normal probability distribution, the odds of Eastern Iron to move below current price in 90 days from now is near 1 (This Eastern Iron probability density function shows the probability of Eastern Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon Eastern Iron has a beta of -0.0269 suggesting as returns on the benchmark increase, returns on holding Eastern Iron are expected to decrease at a much lower rate. During a bear market, however, Eastern Iron is likely to outperform the market. Additionally Eastern Iron has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Eastern Iron Price Density |
| Price |
Predictive Modules for Eastern Iron
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Eastern Iron. 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.Eastern Iron Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Eastern Iron is not an exception. The market had few large corrections towards the Eastern Iron'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 Eastern Iron, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Eastern Iron within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.16 | |
β | Beta against Dow Jones | -0.03 | |
σ | Overall volatility | 0 | |
Ir | Information ratio | -0.02 |
Eastern Iron 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 Eastern Iron for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Eastern Iron can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Eastern Iron generated a negative expected return over the last 90 days | |
| Eastern Iron has high historical volatility and very poor performance | |
| Eastern Iron has some characteristics of a very speculative penny stock | |
| The company reported the revenue of 184.21 K. Net Loss for the year was (843.97 K) with profit before overhead, payroll, taxes, and interest of 71.68 K. | |
| Eastern Iron has accumulated about 4.61 M in cash with (278.47 K) of positive cash flow from operations. | |
| Roughly 25.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Iron ore business contributing to a stable supply of resources in Japan - sumitomocorp.com |
Eastern Iron 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 Eastern Stock often depends not only on the future outlook of the current and potential Eastern Iron'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. Eastern Iron's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 1.2 B | |
| Cash And Short Term Investments | 4.3 M |
Eastern Iron Technical Analysis
Eastern Iron's future price can be derived by breaking down and analyzing its technical indicators over time. Eastern Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Eastern Iron. In general, you should focus on analyzing Eastern Stock price patterns and their correlations with different microeconomic environments and drivers.
Eastern Iron Predictive Forecast Models
Eastern Iron's time-series forecasting models is one of many Eastern Iron's 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 Eastern Iron'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 stock market movement and maximize returns from investment trading.
Things to note about Eastern Iron
Checking the ongoing alerts about Eastern Iron for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Eastern Iron help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Eastern Iron generated a negative expected return over the last 90 days | |
| Eastern Iron has high historical volatility and very poor performance | |
| Eastern Iron has some characteristics of a very speculative penny stock | |
| The company reported the revenue of 184.21 K. Net Loss for the year was (843.97 K) with profit before overhead, payroll, taxes, and interest of 71.68 K. | |
| Eastern Iron has accumulated about 4.61 M in cash with (278.47 K) of positive cash flow from operations. | |
| Roughly 25.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Iron ore business contributing to a stable supply of resources in Japan - sumitomocorp.com |
Additional Tools for Eastern Stock Analysis
When running Eastern Iron's price analysis, check to measure Eastern Iron's 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 Eastern Iron is operating at the current time. Most of Eastern Iron's value examination focuses on studying past and present price action to predict the probability of Eastern Iron's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eastern Iron's price. Additionally, you may evaluate how the addition of Eastern Iron to your portfolios can decrease your overall portfolio volatility.