Errawarra Resources (Australia) Probability of Future Stock Price Finishing Under 0.07
| ERW Stock | 0.06 0 5.77% |
Errawarra |
Errawarra Resources Target Price Odds to finish below 0.07
The tendency of Errawarra 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 under 0.07 after 90 days |
| 0.06 | 90 days | 0.07 | about 44.41 |
Based on a normal probability distribution, the odds of Errawarra Resources to stay under 0.07 after 90 days from now is about 44.41 (This Errawarra Resources probability density function shows the probability of Errawarra Stock to fall within a particular range of prices over 90 days) . Probability of Errawarra Resources price to stay between its current price of 0.06 and 0.07 at the end of the 90-day period is about 31.47 .
Assuming the 90 days trading horizon Errawarra Resources has a beta of -0.57 suggesting as returns on the benchmark increase, returns on holding Errawarra Resources are expected to decrease at a much lower rate. During a bear market, however, Errawarra Resources is likely to outperform the market. Additionally Errawarra Resources 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. Errawarra Resources Price Density |
| Price |
Predictive Modules for Errawarra Resources
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Errawarra Resources. 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.Errawarra Resources Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Errawarra Resources is not an exception. The market had few large corrections towards the Errawarra Resources' 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 Errawarra Resources, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Errawarra Resources within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.53 | |
β | Beta against Dow Jones | -0.57 | |
σ | Overall volatility | 0.02 | |
Ir | Information ratio | -0.07 |
Errawarra Resources 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 Errawarra Resources for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Errawarra Resources can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Errawarra Resources generated a negative expected return over the last 90 days | |
| Errawarra Resources has high historical volatility and very poor performance | |
| Errawarra Resources has some characteristics of a very speculative penny stock | |
| The company reported the revenue of 17.17 K. Net Loss for the year was (2.81 M) with profit before overhead, payroll, taxes, and interest of 1.46 K. | |
| Errawarra Resources has accumulated about 1.26 M in cash with (3.02 M) of positive cash flow from operations. | |
| Roughly 37.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Errawarra Resources Issues New Unquoted Options - MSN |
Errawarra Resources 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 Errawarra Stock often depends not only on the future outlook of the current and potential Errawarra Resources' 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. Errawarra Resources' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 85.3 M | |
| Cash And Short Term Investments | 1.8 M |
Errawarra Resources Technical Analysis
Errawarra Resources' future price can be derived by breaking down and analyzing its technical indicators over time. Errawarra Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Errawarra Resources. In general, you should focus on analyzing Errawarra Stock price patterns and their correlations with different microeconomic environments and drivers.
Errawarra Resources Predictive Forecast Models
Errawarra Resources' time-series forecasting models is one of many Errawarra Resources' 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 Errawarra Resources' 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 Errawarra Resources
Checking the ongoing alerts about Errawarra Resources for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Errawarra Resources help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Errawarra Resources generated a negative expected return over the last 90 days | |
| Errawarra Resources has high historical volatility and very poor performance | |
| Errawarra Resources has some characteristics of a very speculative penny stock | |
| The company reported the revenue of 17.17 K. Net Loss for the year was (2.81 M) with profit before overhead, payroll, taxes, and interest of 1.46 K. | |
| Errawarra Resources has accumulated about 1.26 M in cash with (3.02 M) of positive cash flow from operations. | |
| Roughly 37.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Errawarra Resources Issues New Unquoted Options - MSN |
Additional Tools for Errawarra Stock Analysis
When running Errawarra Resources' price analysis, check to measure Errawarra Resources' 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 Errawarra Resources is operating at the current time. Most of Errawarra Resources' value examination focuses on studying past and present price action to predict the probability of Errawarra Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Errawarra Resources' price. Additionally, you may evaluate how the addition of Errawarra Resources to your portfolios can decrease your overall portfolio volatility.