Odyssey Energy (Australia) Probability of Future Stock Price Finishing Under 0.028
| ODY Stock | 0.02 0 5.88% |
Odyssey |
Odyssey Energy Target Price Odds to finish below 0.028
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 stay under 0.03 after 90 days |
| 0.02 | 90 days | 0.03 | close to 99 |
Based on a normal probability distribution, the odds of Odyssey Energy to stay under 0.03 after 90 days from now is close to 99 (This Odyssey Energy probability density function shows the probability of Odyssey Stock to fall within a particular range of prices over 90 days) . Probability of Odyssey Energy price to stay between its current price of 0.02 and 0.03 at the end of the 90-day period is more than 93.0 .
Assuming the 90 days trading horizon Odyssey Energy has a beta of -0.33. This indicates as returns on the benchmark increase, returns on holding Odyssey Energy are expected to decrease at a much lower rate. During a bear market, however, Odyssey Energy is likely to outperform the market. Additionally Odyssey Energy 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 Energy Price Density |
| Price |
Predictive Modules for Odyssey Energy
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 Energy. 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 Energy Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Odyssey Energy is not an exception. The market had few large corrections towards the Odyssey Energy'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 Energy, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Odyssey Energy within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.34 | |
β | Beta against Dow Jones | -0.33 | |
σ | Overall volatility | 0 | |
Ir | Information ratio | -0.07 |
Odyssey Energy 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 Energy for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Odyssey Energy 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 Energy generated a negative expected return over the last 90 days | |
| Odyssey Energy has high historical volatility and very poor performance | |
| Odyssey Energy has some characteristics of a very speculative penny stock | |
| Net Loss for the year was (2.04 M) with loss before overhead, payroll, taxes, and interest of (14.03 K). | |
| Odyssey Energy has accumulated about 3.48 M in cash with (2 M) of positive cash flow from operations. | |
| Roughly 38.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: One Thousand and One Nights 1,001 Nights A space-time odyssey - Economic Times |
Odyssey Energy 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 Energy'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 Energy's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 838.4 M | |
| Cash And Short Term Investments | 2.9 M |
Odyssey Energy Technical Analysis
Odyssey Energy'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 Energy. In general, you should focus on analyzing Odyssey Stock price patterns and their correlations with different microeconomic environments and drivers.
Odyssey Energy Predictive Forecast Models
Odyssey Energy's time-series forecasting models is one of many Odyssey Energy'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 Energy'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 Energy
Checking the ongoing alerts about Odyssey Energy for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Odyssey Energy help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Odyssey Energy generated a negative expected return over the last 90 days | |
| Odyssey Energy has high historical volatility and very poor performance | |
| Odyssey Energy has some characteristics of a very speculative penny stock | |
| Net Loss for the year was (2.04 M) with loss before overhead, payroll, taxes, and interest of (14.03 K). | |
| Odyssey Energy has accumulated about 3.48 M in cash with (2 M) of positive cash flow from operations. | |
| Roughly 38.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: One Thousand and One Nights 1,001 Nights A space-time odyssey - Economic Times |
Additional Tools for Odyssey Stock Analysis
When running Odyssey Energy's price analysis, check to measure Odyssey Energy'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 Odyssey Energy is operating at the current time. Most of Odyssey Energy's value examination focuses on studying past and present price action to predict the probability of Odyssey Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Odyssey Energy's price. Additionally, you may evaluate how the addition of Odyssey Energy to your portfolios can decrease your overall portfolio volatility.