Eguana Technologies Stock Probability of Future Stock Price Finishing Over 0.01
| EGT Stock | CAD 0.01 0.01 25.00% |
Eguana |
Eguana Technologies Target Price Odds to finish over 0.01
The tendency of Eguana 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 stay above C$ 0.01 in 90 days |
| 0.01 | 90 days | 0.01 | about 58.69 |
Based on a normal probability distribution, the odds of Eguana Technologies to stay above C$ 0.01 in 90 days from now is about 58.69 (This Eguana Technologies probability density function shows the probability of Eguana Stock to fall within a particular range of prices over 90 days) . Probability of Eguana Technologies price to stay between C$ 0.01 and its current price of C$0.015 at the end of the 90-day period is about 58.12 .
Assuming the 90 days horizon Eguana Technologies has a beta of -0.83 suggesting as returns on the benchmark increase, returns on holding Eguana Technologies are expected to decrease at a much lower rate. During a bear market, however, Eguana Technologies is likely to outperform the market. Moreover Eguana Technologies has an alpha of 1.2214, implying that it can generate a 1.22 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Eguana Technologies Price Density |
| Price |
Predictive Modules for Eguana Technologies
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Eguana Technologies. 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.Eguana Technologies Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Eguana Technologies is not an exception. The market had few large corrections towards the Eguana Technologies' 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 Eguana Technologies, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Eguana Technologies within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 1.22 | |
β | Beta against Dow Jones | -0.83 | |
σ | Overall volatility | 0 | |
Ir | Information ratio | 0.08 |
Eguana Technologies 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 Eguana Technologies for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Eguana Technologies can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Eguana Technologies is way too risky over 90 days horizon | |
| Eguana Technologies has some characteristics of a very speculative penny stock | |
| Eguana Technologies appears to be risky and price may revert if volatility continues | |
| Eguana Technologies has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 11.46 M. Net Loss for the year was (35.59 M) with loss before overhead, payroll, taxes, and interest of (166.71 K). | |
| Eguana Technologies has accumulated about 902.67 K in cash with (11.68 M) of positive cash flow from operations. | |
| Roughly 18.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Eguana Technologies Partners with BC Hydro for Energy Storage - TipRanks |
Eguana Technologies 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 Eguana Stock often depends not only on the future outlook of the current and potential Eguana Technologies' 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. Eguana Technologies' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 449 M |
Eguana Technologies Technical Analysis
Eguana Technologies' future price can be derived by breaking down and analyzing its technical indicators over time. Eguana Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Eguana Technologies. In general, you should focus on analyzing Eguana Stock price patterns and their correlations with different microeconomic environments and drivers.
Eguana Technologies Predictive Forecast Models
Eguana Technologies' time-series forecasting models is one of many Eguana Technologies' 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 Eguana Technologies' 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 Eguana Technologies
Checking the ongoing alerts about Eguana Technologies for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Eguana Technologies help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Eguana Technologies is way too risky over 90 days horizon | |
| Eguana Technologies has some characteristics of a very speculative penny stock | |
| Eguana Technologies appears to be risky and price may revert if volatility continues | |
| Eguana Technologies has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 11.46 M. Net Loss for the year was (35.59 M) with loss before overhead, payroll, taxes, and interest of (166.71 K). | |
| Eguana Technologies has accumulated about 902.67 K in cash with (11.68 M) of positive cash flow from operations. | |
| Roughly 18.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Eguana Technologies Partners with BC Hydro for Energy Storage - TipRanks |
Additional Tools for Eguana Stock Analysis
When running Eguana Technologies' price analysis, check to measure Eguana Technologies' 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 Eguana Technologies is operating at the current time. Most of Eguana Technologies' value examination focuses on studying past and present price action to predict the probability of Eguana Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eguana Technologies' price. Additionally, you may evaluate how the addition of Eguana Technologies to your portfolios can decrease your overall portfolio volatility.