Ophir Gold Corp Stock Probability of Future Stock Price Finishing Over 0.08
| OPHR Stock | CAD 0.09 0.01 10.00% |
Ophir |
Ophir Gold Target Price Odds to finish over 0.08
The tendency of Ophir 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 above C$ 0.08 in 90 days |
| 0.09 | 90 days | 0.08 | about 83.45 |
Based on a normal probability distribution, the odds of Ophir Gold to stay above C$ 0.08 in 90 days from now is about 83.45 (This Ophir Gold Corp probability density function shows the probability of Ophir Stock to fall within a particular range of prices over 90 days) . Probability of Ophir Gold Corp price to stay between C$ 0.08 and its current price of C$0.09 at the end of the 90-day period is about 17.53 .
Assuming the 90 days trading horizon the stock has the beta coefficient of 1.02 . This indicates Ophir Gold Corp market returns are correlated to returns on the market. As the market goes up or down, Ophir Gold is expected to follow. Additionally Ophir Gold Corp has an alpha of 0.1579, implying that it can generate a 0.16 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Ophir Gold Price Density |
| Price |
Predictive Modules for Ophir Gold
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Ophir Gold Corp. 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.Ophir Gold Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Ophir Gold is not an exception. The market had few large corrections towards the Ophir Gold'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 Ophir Gold Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Ophir Gold within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.16 | |
β | Beta against Dow Jones | 1.02 | |
σ | Overall volatility | 0.02 | |
Ir | Information ratio | 0.02 |
Ophir Gold 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 Ophir Gold for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Ophir Gold Corp can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Ophir Gold Corp generated a negative expected return over the last 90 days | |
| Ophir Gold Corp has high historical volatility and very poor performance | |
| Ophir Gold Corp has some characteristics of a very speculative penny stock | |
| Net Loss for the year was (941.09 K) with loss before overhead, payroll, taxes, and interest of (1.16 K). | |
| Ophir Gold Corp has accumulated about 2.63 M in cash with (596.92 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.05. |
Ophir Gold 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 Ophir Stock often depends not only on the future outlook of the current and potential Ophir Gold'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. Ophir Gold's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 89.3 M |
Ophir Gold Technical Analysis
Ophir Gold's future price can be derived by breaking down and analyzing its technical indicators over time. Ophir Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Ophir Gold Corp. In general, you should focus on analyzing Ophir Stock price patterns and their correlations with different microeconomic environments and drivers.
Ophir Gold Predictive Forecast Models
Ophir Gold's time-series forecasting models is one of many Ophir Gold's 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 Ophir Gold'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 stock market movement and maximize returns from investment trading.
Things to note about Ophir Gold Corp
Checking the ongoing alerts about Ophir Gold for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Ophir Gold Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Ophir Gold Corp generated a negative expected return over the last 90 days | |
| Ophir Gold Corp has high historical volatility and very poor performance | |
| Ophir Gold Corp has some characteristics of a very speculative penny stock | |
| Net Loss for the year was (941.09 K) with loss before overhead, payroll, taxes, and interest of (1.16 K). | |
| Ophir Gold Corp has accumulated about 2.63 M in cash with (596.92 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.05. |
Additional Tools for Ophir Stock Analysis
When running Ophir Gold's price analysis, check to measure Ophir Gold's 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 Ophir Gold is operating at the current time. Most of Ophir Gold's value examination focuses on studying past and present price action to predict the probability of Ophir Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ophir Gold's price. Additionally, you may evaluate how the addition of Ophir Gold to your portfolios can decrease your overall portfolio volatility.