Eros Resources Corp Stock Probability of Future OTC Stock Price Finishing Under 0.0279
| EROSF Stock | USD 0.02 0.01 29.39% |
Eros |
Eros Resources Target Price Odds to finish below 0.0279
The tendency of Eros 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 stay under $ 0.03 after 90 days |
| 0.02 | 90 days | 0.03 | about 9.17 |
Based on a normal probability distribution, the odds of Eros Resources to stay under $ 0.03 after 90 days from now is about 9.17 (This Eros Resources Corp probability density function shows the probability of Eros OTC Stock to fall within a particular range of prices over 90 days) . Probability of Eros Resources Corp price to stay between its current price of $ 0.02 and $ 0.03 at the end of the 90-day period is about 9.02 .
Assuming the 90 days horizon Eros Resources Corp has a beta of -0.11 suggesting as returns on the benchmark increase, returns on holding Eros Resources are expected to decrease at a much lower rate. During a bear market, however, Eros Resources Corp is likely to outperform the market. Additionally Eros Resources Corp 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. Eros Resources Price Density |
| Price |
Predictive Modules for Eros 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 Eros Resources Corp. 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 Eros Resources' 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.
Eros Resources Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Eros Resources is not an exception. The market had few large corrections towards the Eros 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 Eros Resources Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Eros Resources within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.37 | |
β | Beta against Dow Jones | -0.11 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | -0.07 |
Eros 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 Eros Resources for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Eros Resources Corp can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Eros Resources Corp generated a negative expected return over the last 90 days | |
| Eros Resources Corp has high historical volatility and very poor performance | |
| Eros Resources Corp has some characteristics of a very speculative penny stock | |
| Eros Resources Corp has high likelihood to experience some financial distress in the next 2 years | |
| Eros Resources Corp has accumulated 1.18 K in total debt. Eros Resources Corp has a current ratio of 0.06, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Eros Resources until it has trouble settling it off, either with new capital or with free cash flow. So, Eros 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 Eros Resources Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Eros to invest in growth at high rates of return. When we think about Eros Resources' use of debt, we should always consider it together with cash and equity. | |
| Eros Resources Corp has accumulated about 128.12 K in cash with (494.45 K) of positive cash flow from operations. |
Eros 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 Eros OTC Stock often depends not only on the future outlook of the current and potential Eros 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. Eros Resources' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 97.9 M |
Eros Resources Technical Analysis
Eros Resources' future price can be derived by breaking down and analyzing its technical indicators over time. Eros OTC Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Eros Resources Corp. In general, you should focus on analyzing Eros OTC Stock price patterns and their correlations with different microeconomic environments and drivers.
Eros Resources Predictive Forecast Models
Eros Resources' time-series forecasting models is one of many Eros Resources' 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 Eros 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 otc stock market movement and maximize returns from investment trading.
Things to note about Eros Resources Corp
Checking the ongoing alerts about Eros Resources for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Eros Resources Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Eros Resources Corp generated a negative expected return over the last 90 days | |
| Eros Resources Corp has high historical volatility and very poor performance | |
| Eros Resources Corp has some characteristics of a very speculative penny stock | |
| Eros Resources Corp has high likelihood to experience some financial distress in the next 2 years | |
| Eros Resources Corp has accumulated 1.18 K in total debt. Eros Resources Corp has a current ratio of 0.06, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Eros Resources until it has trouble settling it off, either with new capital or with free cash flow. So, Eros 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 Eros Resources Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Eros to invest in growth at high rates of return. When we think about Eros Resources' use of debt, we should always consider it together with cash and equity. | |
| Eros Resources Corp has accumulated about 128.12 K in cash with (494.45 K) of positive cash flow from operations. |
Other Information on Investing in Eros OTC Stock
Eros Resources financial ratios help investors to determine whether Eros 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 Eros with respect to the benefits of owning Eros Resources security.