Organigram Holdings Stock Probability of Future Stock Price Finishing Over 11.94
| OGI Stock | CAD 2.22 0.13 6.22% |
OrganiGram |
OrganiGram Holdings Target Price Odds to finish over 11.94
The tendency of OrganiGram 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 move over C$ 11.94 or more in 90 days |
| 2.22 | 90 days | 11.94 | close to zero percent |
Based on a normal probability distribution, the odds of OrganiGram Holdings to move over C$ 11.94 or more in 90 days from now is close to zero percent (This OrganiGram Holdings probability density function shows the probability of OrganiGram Stock to fall within a particular range of prices over 90 days) . Probability of OrganiGram Holdings price to stay between its current price of C$ 2.22 and C$ 11.94 at the end of the 90-day period is about 66.91 .
Assuming the 90 days trading horizon OrganiGram Holdings has a beta of 0.24. This indicates as returns on the market go up, OrganiGram Holdings average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding OrganiGram Holdings will be expected to be much smaller as well. Additionally OrganiGram Holdings 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. OrganiGram Holdings Price Density |
| Price |
Predictive Modules for OrganiGram 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 OrganiGram Holdings. 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.OrganiGram Holdings Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. OrganiGram Holdings is not an exception. The market had few large corrections towards the OrganiGram 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 OrganiGram Holdings, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of OrganiGram Holdings within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.15 | |
β | Beta against Dow Jones | 0.24 | |
σ | Overall volatility | 0.16 | |
Ir | Information ratio | -0.05 |
OrganiGram 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 OrganiGram Holdings for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for OrganiGram Holdings can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| OrganiGram Holdings generated a negative expected return over the last 90 days | |
| OrganiGram Holdings has high historical volatility and very poor performance | |
| The company reported the revenue of 149.21 M. Net Loss for the year was (229.48 M) with profit before overhead, payroll, taxes, and interest of 31.57 M. | |
| OrganiGram Holdings has accumulated about 44.78 M in cash with (35.8 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.23. | |
| Roughly 31.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Small caps to watch Shares in Canadian fashion retailer slide after disappointing quarter - The Globe and Mail |
OrganiGram 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 OrganiGram Stock often depends not only on the future outlook of the current and potential OrganiGram 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. OrganiGram Holdings' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 81.3 M | |
| Cash And Short Term Investments | 33.9 M |
OrganiGram Holdings Technical Analysis
OrganiGram Holdings' future price can be derived by breaking down and analyzing its technical indicators over time. OrganiGram Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of OrganiGram Holdings. In general, you should focus on analyzing OrganiGram Stock price patterns and their correlations with different microeconomic environments and drivers.
OrganiGram Holdings Predictive Forecast Models
OrganiGram Holdings' time-series forecasting models is one of many OrganiGram 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 OrganiGram 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 OrganiGram Holdings
Checking the ongoing alerts about OrganiGram Holdings for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for OrganiGram Holdings help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| OrganiGram Holdings generated a negative expected return over the last 90 days | |
| OrganiGram Holdings has high historical volatility and very poor performance | |
| The company reported the revenue of 149.21 M. Net Loss for the year was (229.48 M) with profit before overhead, payroll, taxes, and interest of 31.57 M. | |
| OrganiGram Holdings has accumulated about 44.78 M in cash with (35.8 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.23. | |
| Roughly 31.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Small caps to watch Shares in Canadian fashion retailer slide after disappointing quarter - The Globe and Mail |
Check out OrganiGram Holdings Backtesting, OrganiGram Holdings Valuation, OrganiGram Holdings Correlation, OrganiGram Holdings Hype Analysis, OrganiGram Holdings Volatility, OrganiGram Holdings History as well as OrganiGram Holdings Performance. To learn how to invest in OrganiGram Stock, please use our How to Invest in OrganiGram Holdings guide.You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.