Chitogenx Stock Probability of Future OTC Stock Price Finishing Over 0.0051
| CHNXF Stock | USD 0.01 0.00 0.00% |
ChitogenX |
ChitogenX Target Price Odds to finish over 0.0051
The tendency of ChitogenX OTC 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 above the current price in 90 days |
| 0.01 | 90 days | 0.01 | about 78.87 |
Based on a normal probability distribution, the odds of ChitogenX to move above the current price in 90 days from now is about 78.87 (This ChitogenX probability density function shows the probability of ChitogenX OTC Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days horizon ChitogenX has a beta of -0.42 suggesting as returns on the benchmark increase, returns on holding ChitogenX are expected to decrease at a much lower rate. During a bear market, however, ChitogenX is likely to outperform the market. Additionally ChitogenX 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. ChitogenX Price Density |
| Price |
Predictive Modules for ChitogenX
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ChitogenX. Regardless of method or technology, however, to accurately forecast the otc stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the otc 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ChitogenX's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
ChitogenX Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. ChitogenX is not an exception. The market had few large corrections towards the ChitogenX'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 ChitogenX, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of ChitogenX within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -1.45 | |
β | Beta against Dow Jones | -0.42 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | -0.2 |
ChitogenX 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 ChitogenX for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for ChitogenX can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| ChitogenX generated a negative expected return over the last 90 days | |
| ChitogenX has high historical volatility and very poor performance | |
| ChitogenX has some characteristics of a very speculative penny stock | |
| ChitogenX has a very high chance of going through financial distress in the upcoming years | |
| Net Loss for the year was (4.92 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| ChitogenX has accumulated about 2.19 M in cash with (3.22 M) 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. | |
| Roughly 17.0% of the company shares are held by company insiders |
ChitogenX 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 ChitogenX OTC Stock often depends not only on the future outlook of the current and potential ChitogenX'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. ChitogenX's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 35 M |
ChitogenX Technical Analysis
ChitogenX's future price can be derived by breaking down and analyzing its technical indicators over time. ChitogenX OTC Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of ChitogenX. In general, you should focus on analyzing ChitogenX OTC Stock price patterns and their correlations with different microeconomic environments and drivers.
ChitogenX Predictive Forecast Models
ChitogenX's time-series forecasting models is one of many ChitogenX's otc 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 ChitogenX'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 otc stock market movement and maximize returns from investment trading.
Things to note about ChitogenX
Checking the ongoing alerts about ChitogenX for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for ChitogenX help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| ChitogenX generated a negative expected return over the last 90 days | |
| ChitogenX has high historical volatility and very poor performance | |
| ChitogenX has some characteristics of a very speculative penny stock | |
| ChitogenX has a very high chance of going through financial distress in the upcoming years | |
| Net Loss for the year was (4.92 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| ChitogenX has accumulated about 2.19 M in cash with (3.22 M) 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. | |
| Roughly 17.0% of the company shares are held by company insiders |
Other Information on Investing in ChitogenX OTC Stock
ChitogenX financial ratios help investors to determine whether ChitogenX OTC Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in ChitogenX with respect to the benefits of owning ChitogenX security.