Outback Goldfields Corp Stock Probability of Future Stock Price Finishing Over 0.32
| OZ Stock | 0.33 0.05 17.86% |
Outback |
Outback Goldfields Target Price Odds to finish over 0.32
The tendency of Outback 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 0.32 in 90 days |
| 0.33 | 90 days | 0.32 | about 83.83 |
Based on a normal probability distribution, the odds of Outback Goldfields to stay above 0.32 in 90 days from now is about 83.83 (This Outback Goldfields Corp probability density function shows the probability of Outback Stock to fall within a particular range of prices over 90 days) . Probability of Outback Goldfields Corp price to stay between 0.32 and its current price of 0.33 at the end of the 90-day period is about 6.78 .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.35 . 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, Outback Goldfields will likely underperform. Additionally Outback Goldfields Corp has an alpha of 0.3872, implying that it can generate a 0.39 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Outback Goldfields Price Density |
| Price |
Predictive Modules for Outback Goldfields
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Outback Goldfields 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.Outback Goldfields Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Outback Goldfields is not an exception. The market had few large corrections towards the Outback Goldfields' 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 Outback Goldfields Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Outback Goldfields within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.39 | |
β | Beta against Dow Jones | 1.35 | |
σ | Overall volatility | 0.04 | |
Ir | Information ratio | 0.05 |
Outback Goldfields 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 Outback Goldfields for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Outback Goldfields 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.| Outback Goldfields had very high historical volatility over the last 90 days | |
| Outback Goldfields has some characteristics of a very speculative penny stock | |
| Net Loss for the year was (12.25 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Outback Goldfields generates negative cash flow from operations | |
| About 73.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Valkea Elects New Director, Eyes Finnish Growth - TipRanks |
Outback Goldfields 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 Outback Stock often depends not only on the future outlook of the current and potential Outback Goldfields' 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. Outback Goldfields' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 58.4 M |
Outback Goldfields Technical Analysis
Outback Goldfields' future price can be derived by breaking down and analyzing its technical indicators over time. Outback Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Outback Goldfields Corp. In general, you should focus on analyzing Outback Stock price patterns and their correlations with different microeconomic environments and drivers.
Outback Goldfields Predictive Forecast Models
Outback Goldfields' time-series forecasting models is one of many Outback Goldfields' 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 Outback Goldfields' 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 Outback Goldfields Corp
Checking the ongoing alerts about Outback Goldfields for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Outback Goldfields Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Outback Goldfields had very high historical volatility over the last 90 days | |
| Outback Goldfields has some characteristics of a very speculative penny stock | |
| Net Loss for the year was (12.25 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Outback Goldfields generates negative cash flow from operations | |
| About 73.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Valkea Elects New Director, Eyes Finnish Growth - TipRanks |
Additional Tools for Outback Stock Analysis
When running Outback Goldfields' price analysis, check to measure Outback Goldfields' 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 Outback Goldfields is operating at the current time. Most of Outback Goldfields' value examination focuses on studying past and present price action to predict the probability of Outback Goldfields' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Outback Goldfields' price. Additionally, you may evaluate how the addition of Outback Goldfields to your portfolios can decrease your overall portfolio volatility.