Assure Holdings Corp Probability of Future Stock Price Finishing Under 10.26
| IONMDelisted Stock | USD 0.68 0.08 13.33% |
Assure |
Assure Holdings Target Price Odds to finish below 10.26
The tendency of Assure 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 $ 10.26 after 90 days |
| 0.68 | 90 days | 10.26 | about 87.28 |
Based on a normal probability distribution, the odds of Assure Holdings to stay under $ 10.26 after 90 days from now is about 87.28 (This Assure Holdings Corp probability density function shows the probability of Assure Stock to fall within a particular range of prices over 90 days) . Probability of Assure Holdings Corp price to stay between its current price of $ 0.68 and $ 10.26 at the end of the 90-day period is about 85.51 .
Given the investment horizon of 90 days the stock has the beta coefficient of 7.01 . 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, Assure Holdings will likely underperform. Additionally Assure Holdings 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. Assure Holdings Price Density |
| Price |
Predictive Modules for Assure Holdings
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Assure Holdings 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.Assure Holdings Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Assure Holdings is not an exception. The market had few large corrections towards the Assure Holdings' 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 Assure Holdings Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Assure Holdings within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -2.86 | |
β | Beta against Dow Jones | 7.01 | |
σ | Overall volatility | 2.96 | |
Ir | Information ratio | -0.16 |
Assure Holdings 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 Assure Holdings for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Assure Holdings 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.| Assure Holdings Corp is not yet fully synchronised with the market data | |
| Assure Holdings Corp has some characteristics of a very speculative penny stock | |
| Assure Holdings Corp has a very high chance of going through financial distress in the upcoming years | |
| Assure Holdings Corphas 2,913,134 shares shorted by Assure Holdings investors is about 400% of outstending shares | |
| The company reported the previous year's revenue of 255 K. Net Loss for the year was (21.45 M) with profit before overhead, payroll, taxes, and interest of 14.87 M. | |
| Assure Holdings Corp currently holds about 792 K in cash with (4.94 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.06. | |
| Roughly 24.0% of the company shares are held by company insiders |
Assure Holdings 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 Assure Stock often depends not only on the future outlook of the current and potential Assure Holdings' 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. Assure Holdings' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 4.3 M | |
| Cash And Short Term Investments | 123 K |
Assure Holdings Technical Analysis
Assure Holdings' future price can be derived by breaking down and analyzing its technical indicators over time. Assure Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Assure Holdings Corp. In general, you should focus on analyzing Assure Stock price patterns and their correlations with different microeconomic environments and drivers.
Assure Holdings Predictive Forecast Models
Assure Holdings' time-series forecasting models is one of many Assure Holdings' 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 Assure Holdings' 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 Assure Holdings Corp
Checking the ongoing alerts about Assure Holdings for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Assure Holdings Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Assure Holdings Corp is not yet fully synchronised with the market data | |
| Assure Holdings Corp has some characteristics of a very speculative penny stock | |
| Assure Holdings Corp has a very high chance of going through financial distress in the upcoming years | |
| Assure Holdings Corphas 2,913,134 shares shorted by Assure Holdings investors is about 400% of outstending shares | |
| The company reported the previous year's revenue of 255 K. Net Loss for the year was (21.45 M) with profit before overhead, payroll, taxes, and interest of 14.87 M. | |
| Assure Holdings Corp currently holds about 792 K in cash with (4.94 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.06. | |
| Roughly 24.0% of the company shares are held by company insiders |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Other Consideration for investing in Assure Stock
If you are still planning to invest in Assure Holdings Corp check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Assure Holdings' history and understand the potential risks before investing.
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