Orestone Mining Corp Stock Probability of Future Stock Price Finishing Over 0.02
| ORS Stock | CAD 0.03 0.01 50.00% |
Orestone |
Orestone Mining Target Price Odds to finish over 0.02
The tendency of Orestone 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$ 0.02 in 90 days |
| 0.03 | 90 days | 0.02 | about 88.47 |
Based on a normal probability distribution, the odds of Orestone Mining to stay above C$ 0.02 in 90 days from now is about 88.47 (This Orestone Mining Corp probability density function shows the probability of Orestone Stock to fall within a particular range of prices over 90 days) . Probability of Orestone Mining Corp price to stay between C$ 0.02 and its current price of C$0.03 at the end of the 90-day period is about 43.18 .
Assuming the 90 days horizon the stock has the beta coefficient of 3.67 . This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Orestone Mining will likely underperform. Additionally Orestone Mining Corp has an alpha of 0.2012, implying that it can generate a 0.2 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Orestone Mining Price Density |
| Price |
Predictive Modules for Orestone Mining
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Orestone Mining Corp. 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.Orestone Mining Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Orestone Mining is not an exception. The market had few large corrections towards the Orestone Mining'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 Orestone Mining Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Orestone Mining within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.20 | |
β | Beta against Dow Jones | 3.67 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | 0.04 |
Orestone Mining 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 Orestone Mining for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Orestone Mining Corp can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Orestone Mining Corp generated a negative expected return over the last 90 days | |
| Orestone Mining Corp has high historical volatility and very poor performance | |
| Orestone Mining Corp has some characteristics of a very speculative penny stock | |
| Orestone Mining Corp has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (221.2 K) with loss before overhead, payroll, taxes, and interest of (15.8 K). | |
| Orestone Mining Corp has accumulated about 918 K in cash with (143.5 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.04, which can makes it an attractive takeover target, given it will continue generating positive cash flow. |
Orestone Mining 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 Orestone Stock often depends not only on the future outlook of the current and potential Orestone Mining'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. Orestone Mining's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 56.7 M | |
| Cash And Short Term Investments | 6140.00 |
Orestone Mining Technical Analysis
Orestone Mining's future price can be derived by breaking down and analyzing its technical indicators over time. Orestone Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Orestone Mining Corp. In general, you should focus on analyzing Orestone Stock price patterns and their correlations with different microeconomic environments and drivers.
Orestone Mining Predictive Forecast Models
Orestone Mining's time-series forecasting models is one of many Orestone Mining'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 Orestone Mining'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 Orestone Mining Corp
Checking the ongoing alerts about Orestone Mining for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Orestone Mining Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Orestone Mining Corp generated a negative expected return over the last 90 days | |
| Orestone Mining Corp has high historical volatility and very poor performance | |
| Orestone Mining Corp has some characteristics of a very speculative penny stock | |
| Orestone Mining Corp has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (221.2 K) with loss before overhead, payroll, taxes, and interest of (15.8 K). | |
| Orestone Mining Corp has accumulated about 918 K in cash with (143.5 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.04, which can makes it an attractive takeover target, given it will continue generating positive cash flow. |
Additional Tools for Orestone Stock Analysis
When running Orestone Mining's price analysis, check to measure Orestone Mining'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 Orestone Mining is operating at the current time. Most of Orestone Mining's value examination focuses on studying past and present price action to predict the probability of Orestone Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Orestone Mining's price. Additionally, you may evaluate how the addition of Orestone Mining to your portfolios can decrease your overall portfolio volatility.