Greenfire Resources Stock Probability of Future Stock Price Finishing Under 6.40
| GFR Stock | 7.27 0.03 0.41% |
Greenfire |
Greenfire Resources Target Price Odds to finish below 6.40
The tendency of Greenfire 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 6.40 or more in 90 days |
| 7.27 | 90 days | 6.40 | near 1 |
Based on a normal probability distribution, the odds of Greenfire Resources to drop to 6.40 or more in 90 days from now is near 1 (This Greenfire Resources probability density function shows the probability of Greenfire Stock to fall within a particular range of prices over 90 days) . Probability of Greenfire Resources price to stay between 6.40 and its current price of 7.27 at the end of the 90-day period is about 42.88 .
Considering the 90-day investment horizon Greenfire Resources has a beta of 0.59. This usually indicates as returns on the market go up, Greenfire Resources average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Greenfire Resources will be expected to be much smaller as well. Additionally Greenfire 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. Greenfire Resources Price Density |
| Price |
Predictive Modules for Greenfire 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 Greenfire 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.Greenfire Resources Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Greenfire Resources is not an exception. The market had few large corrections towards the Greenfire 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 Greenfire Resources, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Greenfire Resources within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.06 | |
β | Beta against Dow Jones | 0.59 | |
σ | Overall volatility | 0.36 | |
Ir | Information ratio | -0.04 |
Greenfire 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 Greenfire Resources for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Greenfire 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.| Greenfire Resources has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the last year's revenue of 675.97 M. Reported Net Loss for the year was (135.67 M) with profit before taxes, overhead, and interest of 352.1 M. | |
| About 96.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Greenfire Resources Shareholder Plan Faces TSX Deferral - TipRanks |
Greenfire 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 Greenfire Stock often depends not only on the future outlook of the current and potential Greenfire 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. Greenfire Resources' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 54.4 M | |
| Cash And Short Term Investments | 109.5 M |
Greenfire Resources Technical Analysis
Greenfire Resources' future price can be derived by breaking down and analyzing its technical indicators over time. Greenfire Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Greenfire Resources. In general, you should focus on analyzing Greenfire Stock price patterns and their correlations with different microeconomic environments and drivers.
Greenfire Resources Predictive Forecast Models
Greenfire Resources' time-series forecasting models is one of many Greenfire 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 Greenfire 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 Greenfire Resources
Checking the ongoing alerts about Greenfire Resources for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Greenfire Resources help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Greenfire Resources has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the last year's revenue of 675.97 M. Reported Net Loss for the year was (135.67 M) with profit before taxes, overhead, and interest of 352.1 M. | |
| About 96.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Greenfire Resources Shareholder Plan Faces TSX Deferral - TipRanks |
Additional Tools for Greenfire Stock Analysis
When running Greenfire Resources' price analysis, check to measure Greenfire 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 Greenfire Resources is operating at the current time. Most of Greenfire Resources' value examination focuses on studying past and present price action to predict the probability of Greenfire Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Greenfire Resources' price. Additionally, you may evaluate how the addition of Greenfire Resources to your portfolios can decrease your overall portfolio volatility.