Corella Resources (Australia) Probability of Future Stock Price Finishing Over 0.003
| CR9 Stock | 0 0.00 0.00% |
Corella |
Corella Resources Target Price Odds to finish over 0.003
The tendency of Corella 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 | 90 days | 0 | about 91.77 |
Based on a normal probability distribution, the odds of Corella Resources to move above the current price in 90 days from now is about 91.77 (This Corella Resources probability density function shows the probability of Corella Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon Corella Resources has a beta of 0.74 suggesting as returns on the market go up, Corella Resources average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Corella Resources will be expected to be much smaller as well. Additionally Corella Resources 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. Corella Resources Price Density |
| Price |
Predictive Modules for Corella 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 Corella Resources. 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.Corella Resources Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Corella Resources is not an exception. The market had few large corrections towards the Corella 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 Corella Resources, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Corella Resources within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.53 | |
β | Beta against Dow Jones | 0.74 | |
σ | Overall volatility | 0 | |
Ir | Information ratio | -0.04 |
Corella 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 Corella Resources for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Corella Resources can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Corella Resources generated a negative expected return over the last 90 days | |
| Corella Resources has high historical volatility and very poor performance | |
| Corella Resources has some characteristics of a very speculative penny stock | |
| Corella Resources has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 45.22 K. Net Loss for the year was (1.24 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Corella Resources has accumulated about 2.42 M in cash with (1.07 M) of positive cash flow from operations. | |
| Roughly 45.0% of the company shares are held by company insiders |
Corella 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 Corella Stock often depends not only on the future outlook of the current and potential Corella 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. Corella Resources' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 465.1 M | |
| Cash And Short Term Investments | 724.8 K |
Corella Resources Technical Analysis
Corella Resources' future price can be derived by breaking down and analyzing its technical indicators over time. Corella Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Corella Resources. In general, you should focus on analyzing Corella Stock price patterns and their correlations with different microeconomic environments and drivers.
Corella Resources Predictive Forecast Models
Corella Resources' time-series forecasting models is one of many Corella 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 Corella 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 Corella Resources
Checking the ongoing alerts about Corella Resources for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Corella Resources help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Corella Resources generated a negative expected return over the last 90 days | |
| Corella Resources has high historical volatility and very poor performance | |
| Corella Resources has some characteristics of a very speculative penny stock | |
| Corella Resources has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 45.22 K. Net Loss for the year was (1.24 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Corella Resources has accumulated about 2.42 M in cash with (1.07 M) of positive cash flow from operations. | |
| Roughly 45.0% of the company shares are held by company insiders |
Additional Tools for Corella Stock Analysis
When running Corella Resources' price analysis, check to measure Corella 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 Corella Resources is operating at the current time. Most of Corella Resources' value examination focuses on studying past and present price action to predict the probability of Corella Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Corella Resources' price. Additionally, you may evaluate how the addition of Corella Resources to your portfolios can decrease your overall portfolio volatility.