Akita Drilling Stock Probability of Future Stock Price Finishing Under 0.01
| AKT-A Stock | CAD 1.65 0.03 1.85% |
AKITA |
AKITA Drilling Target Price Odds to finish below 0.01
The tendency of AKITA 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 drop to C$ 0.01 or more in 90 days |
| 1.65 | 90 days | 0.01 | near 1 |
Based on a normal probability distribution, the odds of AKITA Drilling to drop to C$ 0.01 or more in 90 days from now is near 1 (This AKITA Drilling probability density function shows the probability of AKITA Stock to fall within a particular range of prices over 90 days) . Probability of AKITA Drilling price to stay between C$ 0.01 and its current price of C$1.65 at the end of the 90-day period is about 79.79 .
Assuming the 90 days trading horizon AKITA Drilling has a beta of 0.24. This suggests as returns on the market go up, AKITA Drilling average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding AKITA Drilling will be expected to be much smaller as well. Additionally AKITA Drilling has an alpha of 0.2164, implying that it can generate a 0.22 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). AKITA Drilling Price Density |
| Price |
Predictive Modules for AKITA Drilling
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as AKITA Drilling. 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.AKITA Drilling Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. AKITA Drilling is not an exception. The market had few large corrections towards the AKITA Drilling'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 AKITA Drilling, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of AKITA Drilling within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.22 | |
β | Beta against Dow Jones | 0.24 | |
σ | Overall volatility | 0.06 | |
Ir | Information ratio | 0.09 |
AKITA Drilling 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 AKITA Drilling for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for AKITA Drilling can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| AKITA Drilling may become a speculative penny stock | |
| About 18.0% of the company shares are held by company insiders |
AKITA Drilling 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 AKITA Stock often depends not only on the future outlook of the current and potential AKITA Drilling'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. AKITA Drilling's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 40.1 M | |
| Cash And Short Term Investments | 11.2 M |
AKITA Drilling Technical Analysis
AKITA Drilling's future price can be derived by breaking down and analyzing its technical indicators over time. AKITA Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of AKITA Drilling. In general, you should focus on analyzing AKITA Stock price patterns and their correlations with different microeconomic environments and drivers.
AKITA Drilling Predictive Forecast Models
AKITA Drilling's time-series forecasting models is one of many AKITA Drilling'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 AKITA Drilling'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 AKITA Drilling
Checking the ongoing alerts about AKITA Drilling for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for AKITA Drilling help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| AKITA Drilling may become a speculative penny stock | |
| About 18.0% of the company shares are held by company insiders |
Additional Tools for AKITA Stock Analysis
When running AKITA Drilling's price analysis, check to measure AKITA Drilling'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 AKITA Drilling is operating at the current time. Most of AKITA Drilling's value examination focuses on studying past and present price action to predict the probability of AKITA Drilling's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AKITA Drilling's price. Additionally, you may evaluate how the addition of AKITA Drilling to your portfolios can decrease your overall portfolio volatility.