Jackpot Digital Stock Probability of Future OTC Stock Price Finishing Under 0.0438
| JPOTF Stock | USD 0.05 0 3.85% |
Jackpot |
Jackpot Digital Target Price Odds to finish below 0.0438
The tendency of Jackpot OTC 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 $ 0.04 or more in 90 days |
| 0.05 | 90 days | 0.04 | about 14.02 |
Based on a normal probability distribution, the odds of Jackpot Digital to drop to $ 0.04 or more in 90 days from now is about 14.02 (This Jackpot Digital probability density function shows the probability of Jackpot OTC Stock to fall within a particular range of prices over 90 days) . Probability of Jackpot Digital price to stay between $ 0.04 and its current price of $0.0486 at the end of the 90-day period is about 48.41 .
Assuming the 90 days horizon Jackpot Digital has a beta of 0.52. This indicates as returns on the market go up, Jackpot Digital average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Jackpot Digital will be expected to be much smaller as well. Additionally Jackpot Digital 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. Jackpot Digital Price Density |
| Price |
Predictive Modules for Jackpot Digital
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Jackpot Digital. Regardless of method or technology, however, to accurately forecast the otc stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the otc 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 Jackpot Digital'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.
Jackpot Digital Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Jackpot Digital is not an exception. The market had few large corrections towards the Jackpot Digital'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 Jackpot Digital, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Jackpot Digital within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.03 | |
β | Beta against Dow Jones | 0.52 | |
σ | Overall volatility | 0 | |
Ir | Information ratio | -0.0092 |
Jackpot Digital 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 Jackpot Digital for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Jackpot Digital can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Jackpot Digital generated a negative expected return over the last 90 days | |
| Jackpot Digital has high historical volatility and very poor performance | |
| Jackpot Digital has some characteristics of a very speculative penny stock | |
| Jackpot Digital has a very high chance of going through financial distress in the upcoming years | |
| Jackpot Digital has accumulated 4.27 M in total debt. Jackpot Digital has a current ratio of 0.1, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Jackpot Digital until it has trouble settling it off, either with new capital or with free cash flow. So, Jackpot Digital's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Jackpot Digital sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Jackpot to invest in growth at high rates of return. When we think about Jackpot Digital's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the revenue of 419.75 K. Net Loss for the year was (6.56 M) with profit before overhead, payroll, taxes, and interest of 312.74 K. | |
| Jackpot Digital has accumulated about 161.72 K in cash with (2.88 M) of positive cash flow from operations. |
Jackpot Digital 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 Jackpot OTC Stock often depends not only on the future outlook of the current and potential Jackpot Digital'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. Jackpot Digital's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 84.9 M |
Jackpot Digital Technical Analysis
Jackpot Digital's future price can be derived by breaking down and analyzing its technical indicators over time. Jackpot OTC Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Jackpot Digital. In general, you should focus on analyzing Jackpot OTC Stock price patterns and their correlations with different microeconomic environments and drivers.
Jackpot Digital Predictive Forecast Models
Jackpot Digital's time-series forecasting models is one of many Jackpot Digital's otc 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 Jackpot Digital'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 otc stock market movement and maximize returns from investment trading.
Things to note about Jackpot Digital
Checking the ongoing alerts about Jackpot Digital for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Jackpot Digital help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Jackpot Digital generated a negative expected return over the last 90 days | |
| Jackpot Digital has high historical volatility and very poor performance | |
| Jackpot Digital has some characteristics of a very speculative penny stock | |
| Jackpot Digital has a very high chance of going through financial distress in the upcoming years | |
| Jackpot Digital has accumulated 4.27 M in total debt. Jackpot Digital has a current ratio of 0.1, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Jackpot Digital until it has trouble settling it off, either with new capital or with free cash flow. So, Jackpot Digital's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Jackpot Digital sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Jackpot to invest in growth at high rates of return. When we think about Jackpot Digital's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the revenue of 419.75 K. Net Loss for the year was (6.56 M) with profit before overhead, payroll, taxes, and interest of 312.74 K. | |
| Jackpot Digital has accumulated about 161.72 K in cash with (2.88 M) of positive cash flow from operations. |
Other Information on Investing in Jackpot OTC Stock
Jackpot Digital financial ratios help investors to determine whether Jackpot OTC Stock 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 Jackpot with respect to the benefits of owning Jackpot Digital security.