Eestech Stock Odds of Future Pink Sheet Price Finishing Over 4.0E-4
| EESH Stock | USD 0.0004 0.00 0.00% |
Eestech |
Eestech Target Price Odds to finish over 4.0E-4
The tendency of Eestech Pink Sheet 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 |
| 0.0004 | 90 days | 0.0004 | about 76.6 |
Based on a normal probability distribution, the odds of Eestech to move above the current price in 90 days from now is about 76.6 (This Eestech probability density function shows the probability of Eestech Pink Sheet to fall within a particular range of prices over 90 days) .
Given the investment horizon of 90 days Eestech has a beta of 0.21 suggesting as returns on the market go up, Eestech average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Eestech will be expected to be much smaller as well. Additionally Eestech 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. Eestech Price Density |
| Price |
Predictive Modules for Eestech
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Eestech. Regardless of method or technology, however, to accurately forecast the pink sheet market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the pink sheet 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 Eestech'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.
Eestech Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Eestech is not an exception. The market had few large corrections towards the Eestech'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 Eestech, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Eestech within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -1.49 | |
β | Beta against Dow Jones | 0.21 | |
σ | Overall volatility | 0 | |
Ir | Information ratio | -0.13 |
Eestech 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 Eestech for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Eestech can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Eestech generated a negative expected return over the last 90 days | |
| Eestech has high historical volatility and very poor performance | |
| Eestech has some characteristics of a very speculative penny stock | |
| Eestech has high likelihood to experience some financial distress in the next 2 years | |
| Eestech currently holds 276.04 K in liabilities with Debt to Equity (D/E) ratio of 0.09, which may suggest the company is not taking enough advantage from borrowing. Eestech has a current ratio of 0.84, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Eestech until it has trouble settling it off, either with new capital or with free cash flow. So, Eestech's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Eestech sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Eestech to invest in growth at high rates of return. When we think about Eestech's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the previous year's revenue of 171.78 K. Net Loss for the year was (1.35 M) with profit before overhead, payroll, taxes, and interest of 52.55 K. | |
| Eestech currently holds about 7.78 K in cash with (897.14 K) of positive cash flow from operations. |
Eestech 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 Eestech Pink Sheet often depends not only on the future outlook of the current and potential Eestech'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. Eestech's indicators that are reflective of the short sentiment are summarized in the table below.
| Shares Float | 228.8 M |
Eestech Technical Analysis
Eestech's future price can be derived by breaking down and analyzing its technical indicators over time. Eestech Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Eestech. In general, you should focus on analyzing Eestech Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
Eestech Predictive Forecast Models
Eestech's time-series forecasting models is one of many Eestech's pink sheet 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 Eestech'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 pink sheet market movement and maximize returns from investment trading.
Things to note about Eestech
Checking the ongoing alerts about Eestech for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Eestech help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Eestech generated a negative expected return over the last 90 days | |
| Eestech has high historical volatility and very poor performance | |
| Eestech has some characteristics of a very speculative penny stock | |
| Eestech has high likelihood to experience some financial distress in the next 2 years | |
| Eestech currently holds 276.04 K in liabilities with Debt to Equity (D/E) ratio of 0.09, which may suggest the company is not taking enough advantage from borrowing. Eestech has a current ratio of 0.84, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Eestech until it has trouble settling it off, either with new capital or with free cash flow. So, Eestech's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Eestech sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Eestech to invest in growth at high rates of return. When we think about Eestech's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the previous year's revenue of 171.78 K. Net Loss for the year was (1.35 M) with profit before overhead, payroll, taxes, and interest of 52.55 K. | |
| Eestech currently holds about 7.78 K in cash with (897.14 K) of positive cash flow from operations. |
Other Information on Investing in Eestech Pink Sheet
Eestech financial ratios help investors to determine whether Eestech Pink Sheet 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 Eestech with respect to the benefits of owning Eestech security.