OD6 Metals (Australia) Probability of Future Stock Price Finishing Under 0.056
| OD6 Stock | 0.04 0 7.69% |
OD6 |
OD6 Metals Target Price Odds to finish below 0.056
The tendency of OD6 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 0.06 after 90 days |
| 0.04 | 90 days | 0.06 | close to 99 |
Based on a normal probability distribution, the odds of OD6 Metals to stay under 0.06 after 90 days from now is close to 99 (This OD6 Metals probability density function shows the probability of OD6 Stock to fall within a particular range of prices over 90 days) . Probability of OD6 Metals price to stay between its current price of 0.04 and 0.06 at the end of the 90-day period is about 21.38 .
Assuming the 90 days trading horizon OD6 Metals has a beta of -0.11. This indicates as returns on the benchmark increase, returns on holding OD6 Metals are expected to decrease at a much lower rate. During a bear market, however, OD6 Metals is likely to outperform the market. Additionally OD6 Metals has an alpha of 0.6277, implying that it can generate a 0.63 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). OD6 Metals Price Density |
| Price |
Predictive Modules for OD6 Metals
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as OD6 Metals. 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.OD6 Metals Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. OD6 Metals is not an exception. The market had few large corrections towards the OD6 Metals' 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 OD6 Metals, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of OD6 Metals within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.63 | |
β | Beta against Dow Jones | -0.11 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | 0.05 |
OD6 Metals 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 OD6 Metals for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for OD6 Metals can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| OD6 Metals is way too risky over 90 days horizon | |
| OD6 Metals has some characteristics of a very speculative penny stock | |
| OD6 Metals appears to be risky and price may revert if volatility continues | |
| The company reported the revenue of 125.73 K. Net Loss for the year was (440) with profit before overhead, payroll, taxes, and interest of 0. | |
| About 41.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: OD6 Metals Issues 4.5M Unlisted Employee Options - TipRanks |
OD6 Metals 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 OD6 Stock often depends not only on the future outlook of the current and potential OD6 Metals' 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. OD6 Metals' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 107.9 M | |
| Cash And Short Term Investments | 2.3 M |
OD6 Metals Technical Analysis
OD6 Metals' future price can be derived by breaking down and analyzing its technical indicators over time. OD6 Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of OD6 Metals. In general, you should focus on analyzing OD6 Stock price patterns and their correlations with different microeconomic environments and drivers.
OD6 Metals Predictive Forecast Models
OD6 Metals' time-series forecasting models is one of many OD6 Metals' 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 OD6 Metals' 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 OD6 Metals
Checking the ongoing alerts about OD6 Metals for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for OD6 Metals help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| OD6 Metals is way too risky over 90 days horizon | |
| OD6 Metals has some characteristics of a very speculative penny stock | |
| OD6 Metals appears to be risky and price may revert if volatility continues | |
| The company reported the revenue of 125.73 K. Net Loss for the year was (440) with profit before overhead, payroll, taxes, and interest of 0. | |
| About 41.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: OD6 Metals Issues 4.5M Unlisted Employee Options - TipRanks |
Additional Tools for OD6 Stock Analysis
When running OD6 Metals' price analysis, check to measure OD6 Metals' 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 OD6 Metals is operating at the current time. Most of OD6 Metals' value examination focuses on studying past and present price action to predict the probability of OD6 Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move OD6 Metals' price. Additionally, you may evaluate how the addition of OD6 Metals to your portfolios can decrease your overall portfolio volatility.