Devonian Health Group Stock Probability of Future Stock Price Finishing Under 0.2
| GSD Stock | CAD 0.20 0.02 9.09% |
Devonian |
Devonian Health Target Price Odds to finish below 0.2
The tendency of Devonian 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 |
| 0.20 | 90 days | 0.20 | roughly 96.0 |
Based on a normal probability distribution, the odds of Devonian Health to move below current price in 90 days from now is roughly 96.0 (This Devonian Health Group probability density function shows the probability of Devonian Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days horizon Devonian Health Group has a beta of -1.26. This usually indicates as returns on its benchmark rise, returns on holding Devonian Health Group are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Devonian Health is expected to outperform its benchmark. Moreover Devonian Health Group has an alpha of 1.0351, implying that it can generate a 1.04 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Devonian Health Price Density |
| Price |
Predictive Modules for Devonian Health
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Devonian Health Group. 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.Devonian Health Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Devonian Health is not an exception. The market had few large corrections towards the Devonian Health'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 Devonian Health Group, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Devonian Health within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 1.04 | |
β | Beta against Dow Jones | -1.26 | |
σ | Overall volatility | 0.02 | |
Ir | Information ratio | 0.07 |
Devonian Health 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 Devonian Health for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Devonian Health Group can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Devonian Health is way too risky over 90 days horizon | |
| Devonian Health has some characteristics of a very speculative penny stock | |
| Devonian Health appears to be risky and price may revert if volatility continues | |
| Devonian Health Group has accumulated 3.58 M in total debt with debt to equity ratio (D/E) of 43.0, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Devonian Health Group has a current ratio of 0.93, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Devonian Health until it has trouble settling it off, either with new capital or with free cash flow. So, Devonian Health's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Devonian Health Group sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Devonian to invest in growth at high rates of return. When we think about Devonian Health's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the revenue of 2.35 M. Net Loss for the year was (4.6 M) with profit before overhead, payroll, taxes, and interest of 561.01 K. | |
| Devonian Health Group has accumulated about 413.87 K in cash with (4.36 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. | |
| Roughly 14.0% of Devonian Health shares are held by company insiders |
Devonian Health 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 Devonian Stock often depends not only on the future outlook of the current and potential Devonian Health'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. Devonian Health's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 144.5 M |
Devonian Health Technical Analysis
Devonian Health's future price can be derived by breaking down and analyzing its technical indicators over time. Devonian Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Devonian Health Group. In general, you should focus on analyzing Devonian Stock price patterns and their correlations with different microeconomic environments and drivers.
Devonian Health Predictive Forecast Models
Devonian Health's time-series forecasting models is one of many Devonian Health'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 Devonian Health'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 Devonian Health Group
Checking the ongoing alerts about Devonian Health for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Devonian Health Group help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Devonian Health is way too risky over 90 days horizon | |
| Devonian Health has some characteristics of a very speculative penny stock | |
| Devonian Health appears to be risky and price may revert if volatility continues | |
| Devonian Health Group has accumulated 3.58 M in total debt with debt to equity ratio (D/E) of 43.0, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Devonian Health Group has a current ratio of 0.93, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Devonian Health until it has trouble settling it off, either with new capital or with free cash flow. So, Devonian Health's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Devonian Health Group sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Devonian to invest in growth at high rates of return. When we think about Devonian Health's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the revenue of 2.35 M. Net Loss for the year was (4.6 M) with profit before overhead, payroll, taxes, and interest of 561.01 K. | |
| Devonian Health Group has accumulated about 413.87 K in cash with (4.36 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. | |
| Roughly 14.0% of Devonian Health shares are held by company insiders |
Additional Tools for Devonian Stock Analysis
When running Devonian Health's price analysis, check to measure Devonian Health'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 Devonian Health is operating at the current time. Most of Devonian Health's value examination focuses on studying past and present price action to predict the probability of Devonian Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Devonian Health's price. Additionally, you may evaluate how the addition of Devonian Health to your portfolios can decrease your overall portfolio volatility.