Giga Tronics Stock Probability of Future Pink Sheet Price Finishing Under 0.04
Giga Tronics' future price is the expected price of Giga Tronics instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of Giga tronics performance during a given time horizon utilizing its historical volatility. Check out Giga Tronics Backtesting, Giga Tronics Valuation, Giga Tronics Correlation, Giga Tronics Hype Analysis, Giga Tronics Volatility, Giga Tronics History as well as Giga Tronics Performance.
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Giga |
Giga Tronics Target Price Odds to finish below 0.04
The tendency of Giga Pink Sheet 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 $ 0.04 after 90 days |
| 0.00 | 90 days | 0.04 | about 70.57 |
Based on a normal probability distribution, the odds of Giga Tronics to stay under $ 0.04 after 90 days from now is about 70.57 (This Giga tronics probability density function shows the probability of Giga Pink Sheet to fall within a particular range of prices over 90 days) . Probability of Giga tronics price to stay between its current price of $ 0.00 and $ 0.04 at the end of the 90-day period is about 53.09 .
Given the investment horizon of 90 days the pink sheet has the beta coefficient of 3.64 . This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Giga Tronics will likely underperform. Additionally Giga tronics 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. Giga Tronics Price Density |
| Price |
Predictive Modules for Giga Tronics
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Giga tronics. Regardless of method or technology, however, to accurately forecast the pink sheet market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the pink sheet 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.Giga Tronics Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Giga Tronics is not an exception. The market had few large corrections towards the Giga Tronics' 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 Giga tronics, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Giga Tronics within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.76 | |
β | Beta against Dow Jones | 3.64 | |
σ | Overall volatility | 0.03 | |
Ir | Information ratio | -0.02 |
Giga Tronics 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 Giga Tronics for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Giga tronics can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Giga tronics generated a negative expected return over the last 90 days | |
| Giga tronics has high historical volatility and very poor performance | |
| Giga tronics has some characteristics of a very speculative penny stock | |
| Giga tronics has high likelihood to experience some financial distress in the next 2 years | |
| Giga tronics was previously known as Stragenics and was traded on PINK Exchange under the symbol ASAB. | |
| The company reported the previous year's revenue of 9.03 M. Net Loss for the year was (3.11 M) with profit before overhead, payroll, taxes, and interest of 8.35 M. | |
| Giga tronics currently holds about 400 K in cash with (3.16 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.14. | |
| Roughly 64.0% of the company shares are held by company insiders |
Giga Tronics 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 Giga Pink Sheet often depends not only on the future outlook of the current and potential Giga Tronics' 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. Giga Tronics' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 2.8 M |
Giga Tronics Technical Analysis
Giga Tronics' future price can be derived by breaking down and analyzing its technical indicators over time. Giga Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Giga tronics. In general, you should focus on analyzing Giga Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
Giga Tronics Predictive Forecast Models
Giga Tronics' time-series forecasting models is one of many Giga Tronics' pink sheet 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 Giga Tronics' 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 pink sheet market movement and maximize returns from investment trading.
Things to note about Giga tronics
Checking the ongoing alerts about Giga Tronics for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Giga tronics help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Giga tronics generated a negative expected return over the last 90 days | |
| Giga tronics has high historical volatility and very poor performance | |
| Giga tronics has some characteristics of a very speculative penny stock | |
| Giga tronics has high likelihood to experience some financial distress in the next 2 years | |
| Giga tronics was previously known as Stragenics and was traded on PINK Exchange under the symbol ASAB. | |
| The company reported the previous year's revenue of 9.03 M. Net Loss for the year was (3.11 M) with profit before overhead, payroll, taxes, and interest of 8.35 M. | |
| Giga tronics currently holds about 400 K in cash with (3.16 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.14. | |
| Roughly 64.0% of the company shares are held by company insiders |
Other Information on Investing in Giga Pink Sheet
Giga Tronics financial ratios help investors to determine whether Giga Pink Sheet 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 Giga with respect to the benefits of owning Giga Tronics security.