Encounter Resources (Australia) Probability of Future Stock Price Finishing Over 0.33
| ENR Stock | 0.33 0.03 10.00% |
Encounter |
Encounter Resources Target Price Odds to finish over 0.33
The tendency of Encounter 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 |
| 0.33 | 90 days | 0.33 | about 87.08 |
Based on a normal probability distribution, the odds of Encounter Resources to move above the current price in 90 days from now is about 87.08 (This Encounter Resources probability density function shows the probability of Encounter Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon Encounter Resources has a beta of -0.62 suggesting as returns on the benchmark increase, returns on holding Encounter Resources are expected to decrease at a much lower rate. During a bear market, however, Encounter Resources is likely to outperform the market. Additionally Encounter 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. Encounter Resources Price Density |
| Price |
Predictive Modules for Encounter 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 Encounter 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.Encounter Resources Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Encounter Resources is not an exception. The market had few large corrections towards the Encounter 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 Encounter Resources, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Encounter Resources within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.3 | |
β | Beta against Dow Jones | -0.62 | |
σ | Overall volatility | 0.04 | |
Ir | Information ratio | -0.07 |
Encounter 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 Encounter Resources for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Encounter 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.| Encounter Resources generated a negative expected return over the last 90 days | |
| Encounter Resources has some characteristics of a very speculative penny stock | |
| Encounter Resources has high historical volatility and very poor performance | |
| Encounter Resources has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 135. Net Loss for the year was (4.33 M) with profit before overhead, payroll, taxes, and interest of 135. | |
| Encounter Resources has accumulated about 11.5 M in cash with (533.38 K) of positive cash flow from operations. | |
| Roughly 33.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Encounter Resources Announces New Share Quotation on ASX - TipRanks |
Encounter 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 Encounter Stock often depends not only on the future outlook of the current and potential Encounter 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. Encounter Resources' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 410.7 M | |
| Cash And Short Term Investments | 14.1 M |
Encounter Resources Technical Analysis
Encounter Resources' future price can be derived by breaking down and analyzing its technical indicators over time. Encounter Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Encounter Resources. In general, you should focus on analyzing Encounter Stock price patterns and their correlations with different microeconomic environments and drivers.
Encounter Resources Predictive Forecast Models
Encounter Resources' time-series forecasting models is one of many Encounter 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 Encounter 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 Encounter Resources
Checking the ongoing alerts about Encounter Resources for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Encounter Resources help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Encounter Resources generated a negative expected return over the last 90 days | |
| Encounter Resources has some characteristics of a very speculative penny stock | |
| Encounter Resources has high historical volatility and very poor performance | |
| Encounter Resources has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 135. Net Loss for the year was (4.33 M) with profit before overhead, payroll, taxes, and interest of 135. | |
| Encounter Resources has accumulated about 11.5 M in cash with (533.38 K) of positive cash flow from operations. | |
| Roughly 33.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Encounter Resources Announces New Share Quotation on ASX - TipRanks |
Additional Tools for Encounter Stock Analysis
When running Encounter Resources' price analysis, check to measure Encounter 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 Encounter Resources is operating at the current time. Most of Encounter Resources' value examination focuses on studying past and present price action to predict the probability of Encounter Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Encounter Resources' price. Additionally, you may evaluate how the addition of Encounter Resources to your portfolios can decrease your overall portfolio volatility.