ODYSSEY GOLD (Germany) Probability of Future Stock Price Finishing Over 0.0165
| ODQ Stock | EUR 0.01 0.0005 6.25% |
ODYSSEY |
ODYSSEY GOLD Target Price Odds to finish over 0.0165
The tendency of ODYSSEY 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 over € 0.02 or more in 90 days |
| 0.01 | 90 days | 0.02 | near 1 |
Based on a normal probability distribution, the odds of ODYSSEY GOLD to move over € 0.02 or more in 90 days from now is near 1 (This ODYSSEY GOLD LTD probability density function shows the probability of ODYSSEY Stock to fall within a particular range of prices over 90 days) . Probability of ODYSSEY GOLD LTD price to stay between its current price of € 0.01 and € 0.02 at the end of the 90-day period is about 92.4 .
Assuming the 90 days horizon ODYSSEY GOLD LTD has a beta of -1.46. This indicates as returns on its benchmark rise, returns on holding ODYSSEY GOLD LTD are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, ODYSSEY GOLD is expected to outperform its benchmark. Additionally ODYSSEY GOLD LTD 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. ODYSSEY GOLD Price Density |
| Price |
Predictive Modules for ODYSSEY GOLD
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ODYSSEY GOLD LTD. 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.ODYSSEY GOLD Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. ODYSSEY GOLD is not an exception. The market had few large corrections towards the ODYSSEY GOLD'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 ODYSSEY GOLD LTD, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of ODYSSEY GOLD within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.12 | |
β | Beta against Dow Jones | -1.46 | |
σ | Overall volatility | 0 | |
Ir | Information ratio | -0.02 |
ODYSSEY GOLD 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 ODYSSEY GOLD for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for ODYSSEY GOLD LTD can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| ODYSSEY GOLD LTD generated a negative expected return over the last 90 days | |
| ODYSSEY GOLD LTD has high historical volatility and very poor performance | |
| ODYSSEY GOLD LTD has some characteristics of a very speculative penny stock | |
| ODYSSEY GOLD LTD has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (926.91 K) with loss before overhead, payroll, taxes, and interest of (14.03 K). | |
| ODYSSEY GOLD LTD has accumulated about 7.28 M in cash with (672.58 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Roughly 40.0% of the company outstanding shares are owned by corporate insiders |
ODYSSEY GOLD 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 ODYSSEY Stock often depends not only on the future outlook of the current and potential ODYSSEY GOLD'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. ODYSSEY GOLD's indicators that are reflective of the short sentiment are summarized in the table below.
| Shares Float | 379.8 M |
ODYSSEY GOLD Technical Analysis
ODYSSEY GOLD's future price can be derived by breaking down and analyzing its technical indicators over time. ODYSSEY Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of ODYSSEY GOLD LTD. In general, you should focus on analyzing ODYSSEY Stock price patterns and their correlations with different microeconomic environments and drivers.
ODYSSEY GOLD Predictive Forecast Models
ODYSSEY GOLD's time-series forecasting models is one of many ODYSSEY GOLD'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 ODYSSEY GOLD'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 ODYSSEY GOLD LTD
Checking the ongoing alerts about ODYSSEY GOLD for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for ODYSSEY GOLD LTD help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| ODYSSEY GOLD LTD generated a negative expected return over the last 90 days | |
| ODYSSEY GOLD LTD has high historical volatility and very poor performance | |
| ODYSSEY GOLD LTD has some characteristics of a very speculative penny stock | |
| ODYSSEY GOLD LTD has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (926.91 K) with loss before overhead, payroll, taxes, and interest of (14.03 K). | |
| ODYSSEY GOLD LTD has accumulated about 7.28 M in cash with (672.58 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Roughly 40.0% of the company outstanding shares are owned by corporate insiders |
Other Information on Investing in ODYSSEY Stock
ODYSSEY GOLD financial ratios help investors to determine whether ODYSSEY Stock 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 ODYSSEY with respect to the benefits of owning ODYSSEY GOLD security.