Elray Resources Stock Probability of Future Pink Sheet Price Finishing Under 4.5E-4
| ELRA Stock | USD 0.0005 0.0001 25.00% |
Elray |
Elray Resources Target Price Odds to finish below 4.5E-4
The tendency of Elray 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 drop to $ 0.0004 or more in 90 days |
| 0.0005 | 90 days | 0.0004 | about 53.0 |
Based on a normal probability distribution, the odds of Elray Resources to drop to $ 0.0004 or more in 90 days from now is about 53.0 (This Elray Resources probability density function shows the probability of Elray Pink Sheet to fall within a particular range of prices over 90 days) . Probability of Elray Resources price to stay between $ 0.0004 and its current price of $5.0E-4 at the end of the 90-day period is about 23.54 .
Given the investment horizon of 90 days the pink sheet has the beta coefficient of 1.18 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Elray Resources will likely underperform. Moreover Elray Resources has an alpha of 1.547, implying that it can generate a 1.55 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Elray Resources Price Density |
| Price |
Predictive Modules for Elray 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 Elray Resources. 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.Elray Resources Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Elray Resources is not an exception. The market had few large corrections towards the Elray 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 Elray Resources, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Elray Resources within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 1.55 | |
β | Beta against Dow Jones | 1.18 | |
σ | Overall volatility | 0.000077 | |
Ir | Information ratio | 0.09 |
Elray 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 Elray Resources for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Elray 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.| Elray Resources is way too risky over 90 days horizon | |
| Elray Resources has some characteristics of a very speculative penny stock | |
| Elray Resources appears to be risky and price may revert if volatility continues | |
| Elray Resources has high likelihood to experience some financial distress in the next 2 years | |
| Elray Resources currently holds 4.95 M in liabilities. Elray Resources has a current ratio of 0.01, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Elray Resources until it has trouble settling it off, either with new capital or with free cash flow. So, Elray Resources' 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 Elray Resources sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Elray to invest in growth at high rates of return. When we think about Elray Resources' use of debt, we should always consider it together with cash and equity. | |
| The entity reported the previous year's revenue of 484.11 K. Net Loss for the year was (1.09 M) with profit before overhead, payroll, taxes, and interest of 632 K. | |
| Latest headline from gurufocus.com: Disposition of 314807 shares by Dodge R Stanton of DraftKings at 2.95 subject to Rule 16b-3 |
Elray Resources Technical Analysis
Elray Resources' future price can be derived by breaking down and analyzing its technical indicators over time. Elray Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Elray Resources. In general, you should focus on analyzing Elray Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
Elray Resources Predictive Forecast Models
Elray Resources' time-series forecasting models is one of many Elray Resources' 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 Elray 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 pink sheet market movement and maximize returns from investment trading.
Things to note about Elray Resources
Checking the ongoing alerts about Elray Resources for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Elray Resources help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Elray Resources is way too risky over 90 days horizon | |
| Elray Resources has some characteristics of a very speculative penny stock | |
| Elray Resources appears to be risky and price may revert if volatility continues | |
| Elray Resources has high likelihood to experience some financial distress in the next 2 years | |
| Elray Resources currently holds 4.95 M in liabilities. Elray Resources has a current ratio of 0.01, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Elray Resources until it has trouble settling it off, either with new capital or with free cash flow. So, Elray Resources' 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 Elray Resources sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Elray to invest in growth at high rates of return. When we think about Elray Resources' use of debt, we should always consider it together with cash and equity. | |
| The entity reported the previous year's revenue of 484.11 K. Net Loss for the year was (1.09 M) with profit before overhead, payroll, taxes, and interest of 632 K. | |
| Latest headline from gurufocus.com: Disposition of 314807 shares by Dodge R Stanton of DraftKings at 2.95 subject to Rule 16b-3 |
Other Information on Investing in Elray Pink Sheet
Elray Resources financial ratios help investors to determine whether Elray 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 Elray with respect to the benefits of owning Elray Resources security.