Ajax Resources (UK) Probability of Future Stock Price Finishing Under 5.89
| AJAX Stock | 3.00 0.00 0.00% |
Ajax |
Ajax Resources Target Price Odds to finish below 5.89
The tendency of Ajax 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 5.89 after 90 days |
| 3.00 | 90 days | 5.89 | close to 99 |
Based on a normal probability distribution, the odds of Ajax Resources to stay under 5.89 after 90 days from now is close to 99 (This Ajax Resources PLC probability density function shows the probability of Ajax Stock to fall within a particular range of prices over 90 days) . Probability of Ajax Resources PLC price to stay between its current price of 3.00 and 5.89 at the end of the 90-day period is about 29.27 .
Assuming the 90 days trading horizon Ajax Resources PLC has a beta of -0.14. This suggests as returns on the benchmark increase, returns on holding Ajax Resources are expected to decrease at a much lower rate. During a bear market, however, Ajax Resources PLC is likely to outperform the market. Additionally Ajax Resources PLC has an alpha of 0.1406, implying that it can generate a 0.14 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Ajax Resources Price Density |
| Price |
Predictive Modules for Ajax Resources
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Ajax Resources PLC. 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.Ajax Resources Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Ajax Resources is not an exception. The market had few large corrections towards the Ajax Resources' 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 Ajax Resources PLC, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Ajax Resources within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.14 | |
β | Beta against Dow Jones | -0.14 | |
σ | Overall volatility | 0.11 | |
Ir | Information ratio | 0.03 |
Ajax Resources 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 Ajax Resources for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Ajax Resources PLC can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Net Loss for the year was (178.23 K) with profit before overhead, payroll, taxes, and interest of 0. | |
| Ajax Resources generates negative cash flow from operations | |
| About 64.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: RNS Hotlist with Zak Mir WCAP, MKA, EGT, GSCU, RMR, ECR, HUM, MTL, AJAX KAV - Share Talk |
Ajax Resources 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 Ajax Stock often depends not only on the future outlook of the current and potential Ajax Resources' 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. Ajax Resources' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 46.8 K | |
| Cash And Short Term Investments | 974.1 K | |
| Shares Float | 24.1 M |
Ajax Resources Technical Analysis
Ajax Resources' future price can be derived by breaking down and analyzing its technical indicators over time. Ajax Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Ajax Resources PLC. In general, you should focus on analyzing Ajax Stock price patterns and their correlations with different microeconomic environments and drivers.
Ajax Resources Predictive Forecast Models
Ajax Resources' time-series forecasting models is one of many Ajax Resources' 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 Ajax Resources' 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 Ajax Resources PLC
Checking the ongoing alerts about Ajax Resources for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Ajax Resources PLC help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Net Loss for the year was (178.23 K) with profit before overhead, payroll, taxes, and interest of 0. | |
| Ajax Resources generates negative cash flow from operations | |
| About 64.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: RNS Hotlist with Zak Mir WCAP, MKA, EGT, GSCU, RMR, ECR, HUM, MTL, AJAX KAV - Share Talk |
Additional Tools for Ajax Stock Analysis
When running Ajax Resources' price analysis, check to measure Ajax Resources' 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 Ajax Resources is operating at the current time. Most of Ajax Resources' value examination focuses on studying past and present price action to predict the probability of Ajax Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ajax Resources' price. Additionally, you may evaluate how the addition of Ajax Resources to your portfolios can decrease your overall portfolio volatility.