Cobalt Power Group Stock Probability of Future Stock Price Finishing Over 25.53
| PGP Stock | CAD 0.02 0.01 20.00% |
Cobalt |
Cobalt Power Target Price Odds to finish over 25.53
The tendency of Cobalt 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 C$ 25.53 or more in 90 days |
| 0.02 | 90 days | 25.53 | close to zero percent |
Based on a normal probability distribution, the odds of Cobalt Power to move over C$ 25.53 or more in 90 days from now is close to zero percent (This Cobalt Power Group probability density function shows the probability of Cobalt Stock to fall within a particular range of prices over 90 days) . Probability of Cobalt Power Group price to stay between its current price of C$ 0.02 and C$ 25.53 at the end of the 90-day period is about 84.02 .
Assuming the 90 days horizon Cobalt Power has a beta of 0.59 indicating as returns on the market go up, Cobalt Power average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Cobalt Power Group will be expected to be much smaller as well. Additionally Cobalt Power Group 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. Cobalt Power Price Density |
| Price |
Predictive Modules for Cobalt Power
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Cobalt Power 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.Cobalt Power Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Cobalt Power is not an exception. The market had few large corrections towards the Cobalt Power'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 Cobalt Power Group, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Cobalt Power within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.3 | |
β | Beta against Dow Jones | 0.59 | |
σ | Overall volatility | 0.02 | |
Ir | Information ratio | -0.02 |
Cobalt Power 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 Cobalt Power for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Cobalt Power 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.| Cobalt Power Group generated a negative expected return over the last 90 days | |
| Cobalt Power Group has high historical volatility and very poor performance | |
| Cobalt Power Group has some characteristics of a very speculative penny stock | |
| Cobalt Power Group has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (184.14 K) with profit before overhead, payroll, taxes, and interest of 0. | |
| Cobalt Power Group has accumulated about 1.15 M in cash with (72.46 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.07, which can makes it an attractive takeover target, given it will continue generating positive cash flow. |
Cobalt Power 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 Cobalt Stock often depends not only on the future outlook of the current and potential Cobalt Power'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. Cobalt Power's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 12 M |
Cobalt Power Technical Analysis
Cobalt Power's future price can be derived by breaking down and analyzing its technical indicators over time. Cobalt Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Cobalt Power Group. In general, you should focus on analyzing Cobalt Stock price patterns and their correlations with different microeconomic environments and drivers.
Cobalt Power Predictive Forecast Models
Cobalt Power's time-series forecasting models is one of many Cobalt Power'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 Cobalt Power'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 Cobalt Power Group
Checking the ongoing alerts about Cobalt Power for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Cobalt Power Group help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Cobalt Power Group generated a negative expected return over the last 90 days | |
| Cobalt Power Group has high historical volatility and very poor performance | |
| Cobalt Power Group has some characteristics of a very speculative penny stock | |
| Cobalt Power Group has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (184.14 K) with profit before overhead, payroll, taxes, and interest of 0. | |
| Cobalt Power Group has accumulated about 1.15 M in cash with (72.46 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.07, which can makes it an attractive takeover target, given it will continue generating positive cash flow. |
Additional Tools for Cobalt Stock Analysis
When running Cobalt Power's price analysis, check to measure Cobalt Power'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 Cobalt Power is operating at the current time. Most of Cobalt Power's value examination focuses on studying past and present price action to predict the probability of Cobalt Power's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cobalt Power's price. Additionally, you may evaluate how the addition of Cobalt Power to your portfolios can decrease your overall portfolio volatility.