Orogen Royalties Stock Probability of Future Stock Price Finishing Under 0.01
| OGN Stock | CAD 1.34 0.02 1.47% |
Orogen |
Orogen Royalties Target Price Odds to finish below 0.01
The tendency of Orogen 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 C$ 0.01 or more in 90 days |
| 1.34 | 90 days | 0.01 | near 1 |
Based on a normal probability distribution, the odds of Orogen Royalties to drop to C$ 0.01 or more in 90 days from now is near 1 (This Orogen Royalties probability density function shows the probability of Orogen Stock to fall within a particular range of prices over 90 days) . Probability of Orogen Royalties price to stay between C$ 0.01 and its current price of C$1.34 at the end of the 90-day period is about 9.65 .
Assuming the 90 days horizon the stock has the beta coefficient of 1.49 . This 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, Orogen Royalties will likely underperform. Additionally Orogen Royalties 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. Orogen Royalties Price Density |
| Price |
Predictive Modules for Orogen Royalties
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Orogen Royalties. 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.Orogen Royalties Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Orogen Royalties is not an exception. The market had few large corrections towards the Orogen Royalties' 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 Orogen Royalties, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Orogen Royalties within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.24 | |
β | Beta against Dow Jones | 1.49 | |
σ | Overall volatility | 0.10 | |
Ir | Information ratio | -0.06 |
Orogen Royalties 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 Orogen Royalties for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Orogen Royalties can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Orogen Royalties generated a negative expected return over the last 90 days | |
| Orogen Royalties may become a speculative penny stock | |
| Orogen Royalties has high historical volatility and very poor performance | |
| About 21.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Investors in Orogen Royalties have seen enviable returns of 351 percent over the past five years - Yahoo Finance |
Orogen Royalties 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 Orogen Stock often depends not only on the future outlook of the current and potential Orogen Royalties' 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. Orogen Royalties' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 193.4 M | |
| Shares Float | 159.4 M |
Orogen Royalties Technical Analysis
Orogen Royalties' future price can be derived by breaking down and analyzing its technical indicators over time. Orogen Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Orogen Royalties. In general, you should focus on analyzing Orogen Stock price patterns and their correlations with different microeconomic environments and drivers.
Orogen Royalties Predictive Forecast Models
Orogen Royalties' time-series forecasting models is one of many Orogen Royalties' 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 Orogen Royalties' 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 Orogen Royalties
Checking the ongoing alerts about Orogen Royalties for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Orogen Royalties help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Orogen Royalties generated a negative expected return over the last 90 days | |
| Orogen Royalties may become a speculative penny stock | |
| Orogen Royalties has high historical volatility and very poor performance | |
| About 21.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Investors in Orogen Royalties have seen enviable returns of 351 percent over the past five years - Yahoo Finance |
Additional Tools for Orogen Stock Analysis
When running Orogen Royalties' price analysis, check to measure Orogen Royalties' 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 Orogen Royalties is operating at the current time. Most of Orogen Royalties' value examination focuses on studying past and present price action to predict the probability of Orogen Royalties' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Orogen Royalties' price. Additionally, you may evaluate how the addition of Orogen Royalties to your portfolios can decrease your overall portfolio volatility.