State Gas (Australia) Probability of Future Stock Price Finishing Under 0.0462
| GAS Stock | 0.05 0 2.08% |
State |
State Gas Target Price Odds to finish below 0.0462
The tendency of State 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 drop to 0.05 or more in 90 days |
| 0.05 | 90 days | 0.05 | about 47.92 |
Based on a normal probability distribution, the odds of State Gas to drop to 0.05 or more in 90 days from now is about 47.92 (This State Gas probability density function shows the probability of State Stock to fall within a particular range of prices over 90 days) . Probability of State Gas price to stay between 0.05 and its current price of 0.047 at the end of the 90-day period is under 4.
Assuming the 90 days trading horizon State Gas has a beta of -0.0741. This usually indicates as returns on the benchmark increase, returns on holding State Gas are expected to decrease at a much lower rate. During a bear market, however, State Gas is likely to outperform the market. Additionally State Gas has an alpha of 0.2619, implying that it can generate a 0.26 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). State Gas Price Density |
| Price |
Predictive Modules for State Gas
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as State Gas. 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.State Gas Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. State Gas is not an exception. The market had few large corrections towards the State Gas' 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 State Gas, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of State Gas within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.26 | |
β | Beta against Dow Jones | -0.07 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | 0.02 |
State Gas 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 State Gas for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for State Gas can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| State Gas had very high historical volatility over the last 90 days | |
| State Gas has some characteristics of a very speculative penny stock | |
| The company reported the revenue of 17.41 K. Net Loss for the year was (3.63 M) with profit before overhead, payroll, taxes, and interest of 45.44 K. | |
| State Gas generates negative cash flow from operations | |
| About 38.0% of the company shares are held by company insiders |
State Gas 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 State Stock often depends not only on the future outlook of the current and potential State Gas' 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. State Gas' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 314.4 M | |
| Cash And Short Term Investments | 31.8 K |
State Gas Technical Analysis
State Gas' future price can be derived by breaking down and analyzing its technical indicators over time. State Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of State Gas. In general, you should focus on analyzing State Stock price patterns and their correlations with different microeconomic environments and drivers.
State Gas Predictive Forecast Models
State Gas' time-series forecasting models is one of many State Gas' 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 State Gas' 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 State Gas
Checking the ongoing alerts about State Gas for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for State Gas help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| State Gas had very high historical volatility over the last 90 days | |
| State Gas has some characteristics of a very speculative penny stock | |
| The company reported the revenue of 17.41 K. Net Loss for the year was (3.63 M) with profit before overhead, payroll, taxes, and interest of 45.44 K. | |
| State Gas generates negative cash flow from operations | |
| About 38.0% of the company shares are held by company insiders |
Additional Tools for State Stock Analysis
When running State Gas' price analysis, check to measure State Gas' 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 State Gas is operating at the current time. Most of State Gas' value examination focuses on studying past and present price action to predict the probability of State Gas' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move State Gas' price. Additionally, you may evaluate how the addition of State Gas to your portfolios can decrease your overall portfolio volatility.