Egrnf Stock Chance of Future Pink Sheet Price Finishing Over 2.0E-4
| EGRNF Stock | USD 0.0002 0.0001 33.33% |
EGRNF |
EGRNF Target Price Odds to finish over 2.0E-4
The tendency of EGRNF 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 |
| 0.0002 | 90 days | 0.0002 | about 81.06 |
Based on a normal probability distribution, the odds of EGRNF to move above the current price in 90 days from now is about 81.06 (This EGRNF probability density function shows the probability of EGRNF Pink Sheet to fall within a particular range of prices over 90 days) .
Assuming the 90 days horizon the pink sheet has the beta coefficient of 6.38 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, EGRNF will likely underperform. In addition to that EGRNF has an alpha of 38.0685, implying that it can generate a 38.07 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). EGRNF Price Density |
| Price |
Predictive Modules for EGRNF
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as EGRNF. 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.EGRNF Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. EGRNF is not an exception. The market had few large corrections towards the EGRNF'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 EGRNF, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of EGRNF within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 38.07 | |
β | Beta against Dow Jones | 6.38 | |
σ | Overall volatility | 0 | |
Ir | Information ratio | 0.15 |
EGRNF 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 EGRNF for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for EGRNF can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| EGRNF is way too risky over 90 days horizon | |
| EGRNF has some characteristics of a very speculative penny stock | |
| EGRNF appears to be risky and price may revert if volatility continues | |
| About 70.0% of the company shares are held by company insiders |
EGRNF 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 EGRNF Pink Sheet often depends not only on the future outlook of the current and potential EGRNF'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. EGRNF's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 13.2 B |
EGRNF Technical Analysis
EGRNF's future price can be derived by breaking down and analyzing its technical indicators over time. EGRNF Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of EGRNF. In general, you should focus on analyzing EGRNF Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
EGRNF Predictive Forecast Models
EGRNF's time-series forecasting models is one of many EGRNF'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 EGRNF'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 EGRNF
Checking the ongoing alerts about EGRNF for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for EGRNF help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| EGRNF is way too risky over 90 days horizon | |
| EGRNF has some characteristics of a very speculative penny stock | |
| EGRNF appears to be risky and price may revert if volatility continues | |
| About 70.0% of the company shares are held by company insiders |
Other Information on Investing in EGRNF Pink Sheet
EGRNF financial ratios help investors to determine whether EGRNF 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 EGRNF with respect to the benefits of owning EGRNF security.