Orvana Minerals Corp Stock Probability of Future Stock Price Finishing Over 0.4
| ORV Stock | CAD 0.28 0.02 6.67% |
Orvana |
Orvana Minerals Target Price Odds to finish over 0.4
The tendency of Orvana 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$ 0.40 or more in 90 days |
| 0.28 | 90 days | 0.40 | about 29.37 |
Based on a normal probability distribution, the odds of Orvana Minerals to move over C$ 0.40 or more in 90 days from now is about 29.37 (This Orvana Minerals Corp probability density function shows the probability of Orvana Stock to fall within a particular range of prices over 90 days) . Probability of Orvana Minerals Corp price to stay between its current price of C$ 0.28 and C$ 0.40 at the end of the 90-day period is about 65.44 .
Assuming the 90 days trading horizon Orvana Minerals Corp has a beta of -0.59. This indicates as returns on the benchmark increase, returns on holding Orvana Minerals are expected to decrease at a much lower rate. During a bear market, however, Orvana Minerals Corp is likely to outperform the market. Additionally Orvana Minerals Corp has an alpha of 0.0057, implying that it can generate a 0.005712 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Orvana Minerals Price Density |
| Price |
Predictive Modules for Orvana Minerals
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Orvana Minerals 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.Orvana Minerals Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Orvana Minerals is not an exception. The market had few large corrections towards the Orvana Minerals' 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 Orvana Minerals Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Orvana Minerals within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.01 | |
β | Beta against Dow Jones | -0.59 | |
σ | Overall volatility | 0.06 | |
Ir | Information ratio | -0.03 |
Orvana Minerals 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 Orvana Minerals for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Orvana Minerals 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.| Orvana Minerals Corp generated a negative expected return over the last 90 days | |
| Orvana Minerals Corp has some characteristics of a very speculative penny stock | |
| Orvana Minerals Corp has high historical volatility and very poor performance | |
| Orvana Minerals Corp has accumulated 16.14 M in total debt with debt to equity ratio (D/E) of 0.38, which is about average as compared to similar companies. Orvana Minerals Corp has a current ratio of 0.74, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Orvana Minerals until it has trouble settling it off, either with new capital or with free cash flow. So, Orvana Minerals' 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 Orvana Minerals Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Orvana to invest in growth at high rates of return. When we think about Orvana Minerals' use of debt, we should always consider it together with cash and equity. | |
| About 52.0% of Orvana Minerals outstanding shares are owned by corporate insiders |
Orvana Minerals 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 Orvana Stock often depends not only on the future outlook of the current and potential Orvana Minerals' 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. Orvana Minerals' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 136.6 M | |
| Cash And Short Term Investments | 8.3 M |
Orvana Minerals Technical Analysis
Orvana Minerals' future price can be derived by breaking down and analyzing its technical indicators over time. Orvana Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Orvana Minerals Corp. In general, you should focus on analyzing Orvana Stock price patterns and their correlations with different microeconomic environments and drivers.
Orvana Minerals Predictive Forecast Models
Orvana Minerals' time-series forecasting models is one of many Orvana Minerals' 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 Orvana Minerals' 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 Orvana Minerals Corp
Checking the ongoing alerts about Orvana Minerals for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Orvana Minerals Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Orvana Minerals Corp generated a negative expected return over the last 90 days | |
| Orvana Minerals Corp has some characteristics of a very speculative penny stock | |
| Orvana Minerals Corp has high historical volatility and very poor performance | |
| Orvana Minerals Corp has accumulated 16.14 M in total debt with debt to equity ratio (D/E) of 0.38, which is about average as compared to similar companies. Orvana Minerals Corp has a current ratio of 0.74, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Orvana Minerals until it has trouble settling it off, either with new capital or with free cash flow. So, Orvana Minerals' 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 Orvana Minerals Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Orvana to invest in growth at high rates of return. When we think about Orvana Minerals' use of debt, we should always consider it together with cash and equity. | |
| About 52.0% of Orvana Minerals outstanding shares are owned by corporate insiders |
Other Information on Investing in Orvana Stock
Orvana Minerals financial ratios help investors to determine whether Orvana Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Orvana with respect to the benefits of owning Orvana Minerals security.