Baselode Energy Corp Stock Probability of Future Stock Price Finishing Over 17.01
| FIND Stock | CAD 0.08 0.01 6.67% |
Baselode |
Baselode Energy Target Price Odds to finish over 17.01
The tendency of Baselode 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 over C$ 17.01 or more in 90 days |
| 0.08 | 90 days | 17.01 | close to zero percent |
Based on a normal probability distribution, the odds of Baselode Energy to move over C$ 17.01 or more in 90 days from now is close to zero percent (This Baselode Energy Corp probability density function shows the probability of Baselode Stock to fall within a particular range of prices over 90 days) . Probability of Baselode Energy Corp price to stay between its current price of C$ 0.08 and C$ 17.01 at the end of the 90-day period is over 95.77 .
Assuming the 90 days trading horizon Baselode Energy has a beta of 0.71. This usually indicates as returns on the market go up, Baselode Energy average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Baselode Energy Corp will be expected to be much smaller as well. Additionally Baselode Energy 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. Baselode Energy Price Density |
| Price |
Predictive Modules for Baselode Energy
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Baselode Energy Corp. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Baselode Energy'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.
Baselode Energy Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Baselode Energy is not an exception. The market had few large corrections towards the Baselode Energy'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 Baselode Energy Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Baselode Energy within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.49 | |
β | Beta against Dow Jones | 0.71 | |
σ | Overall volatility | 0.02 | |
Ir | Information ratio | -0.09 |
Baselode Energy 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 Baselode Energy for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Baselode Energy 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.| Baselode Energy Corp generated a negative expected return over the last 90 days | |
| Baselode Energy Corp has high historical volatility and very poor performance | |
| Baselode Energy Corp has some characteristics of a very speculative penny stock | |
| Baselode Energy Corp has a very high chance of going through financial distress in the upcoming years | |
| Net Loss for the year was (8.13 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Baselode Energy Corp has accumulated about 4.5 M in cash with (6.76 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.07. |
Baselode Energy 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 Baselode Stock often depends not only on the future outlook of the current and potential Baselode Energy'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. Baselode Energy's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 133.6 M | |
| Shares Float | 131.8 M |
Baselode Energy Technical Analysis
Baselode Energy's future price can be derived by breaking down and analyzing its technical indicators over time. Baselode Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Baselode Energy Corp. In general, you should focus on analyzing Baselode Stock price patterns and their correlations with different microeconomic environments and drivers.
Baselode Energy Predictive Forecast Models
Baselode Energy's time-series forecasting models is one of many Baselode Energy's 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 Baselode Energy'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 stock market movement and maximize returns from investment trading.
Things to note about Baselode Energy Corp
Checking the ongoing alerts about Baselode Energy for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Baselode Energy Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Baselode Energy Corp generated a negative expected return over the last 90 days | |
| Baselode Energy Corp has high historical volatility and very poor performance | |
| Baselode Energy Corp has some characteristics of a very speculative penny stock | |
| Baselode Energy Corp has a very high chance of going through financial distress in the upcoming years | |
| Net Loss for the year was (8.13 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Baselode Energy Corp has accumulated about 4.5 M in cash with (6.76 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.07. |
Additional Tools for Baselode Stock Analysis
When running Baselode Energy's price analysis, check to measure Baselode Energy's 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 Baselode Energy is operating at the current time. Most of Baselode Energy's value examination focuses on studying past and present price action to predict the probability of Baselode Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Baselode Energy's price. Additionally, you may evaluate how the addition of Baselode Energy to your portfolios can decrease your overall portfolio volatility.