NeoMagic Odds of Future Pink Sheet Price Finishing Under 0.0088
| NMGCDelisted Stock | USD 0.01 0.00 0.00% |
NeoMagic |
NeoMagic Target Price Odds to finish below 0.0088
The tendency of NeoMagic 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 $ 0.01 after 90 days |
| 0.01 | 90 days | 0.01 | about 18.8 |
Based on a normal probability distribution, the odds of NeoMagic to stay under $ 0.01 after 90 days from now is about 18.8 (This NeoMagic probability density function shows the probability of NeoMagic Pink Sheet to fall within a particular range of prices over 90 days) . Probability of NeoMagic price to stay between its current price of $ 0.01 and $ 0.01 at the end of the 90-day period is about 16.42 .
Given the investment horizon of 90 days NeoMagic has a beta of 0.48. This indicates as returns on the market go up, NeoMagic average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding NeoMagic will be expected to be much smaller as well. Additionally NeoMagic 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. NeoMagic Price Density |
| Price |
Predictive Modules for NeoMagic
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as NeoMagic. 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.NeoMagic Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. NeoMagic is not an exception. The market had few large corrections towards the NeoMagic'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 NeoMagic, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of NeoMagic within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.0087 | |
β | Beta against Dow Jones | 0.48 | |
σ | Overall volatility | 0 | |
Ir | Information ratio | -0.0017 |
NeoMagic 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 NeoMagic for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for NeoMagic can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| NeoMagic is not yet fully synchronised with the market data | |
| NeoMagic has some characteristics of a very speculative penny stock | |
| NeoMagic has a very high chance of going through financial distress in the upcoming years | |
| The company has a current ratio of 0.87, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist NeoMagic until it has trouble settling it off, either with new capital or with free cash flow. So, NeoMagic'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 NeoMagic sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for NeoMagic to invest in growth at high rates of return. When we think about NeoMagic's use of debt, we should always consider it together with cash and equity. | |
| NeoMagic currently holds about 437 K in cash with (881 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01, which can makes it an attractive takeover target, given it will continue generating positive cash flow. |
NeoMagic Technical Analysis
NeoMagic's future price can be derived by breaking down and analyzing its technical indicators over time. NeoMagic Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of NeoMagic. In general, you should focus on analyzing NeoMagic Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
NeoMagic Predictive Forecast Models
NeoMagic's time-series forecasting models is one of many NeoMagic's 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 NeoMagic'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 pink sheet market movement and maximize returns from investment trading.
Things to note about NeoMagic
Checking the ongoing alerts about NeoMagic for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for NeoMagic help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| NeoMagic is not yet fully synchronised with the market data | |
| NeoMagic has some characteristics of a very speculative penny stock | |
| NeoMagic has a very high chance of going through financial distress in the upcoming years | |
| The company has a current ratio of 0.87, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist NeoMagic until it has trouble settling it off, either with new capital or with free cash flow. So, NeoMagic'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 NeoMagic sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for NeoMagic to invest in growth at high rates of return. When we think about NeoMagic's use of debt, we should always consider it together with cash and equity. | |
| NeoMagic currently holds about 437 K in cash with (881 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01, which can makes it an attractive takeover target, given it will continue generating positive cash flow. |
Check out Correlation 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 price. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Other Consideration for investing in NeoMagic Pink Sheet
If you are still planning to invest in NeoMagic 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 NeoMagic's history and understand the potential risks before investing.
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