Goldspot Discoveries Corp Stock Probability of Future OTC Stock Price Finishing Under 0.14
| SPOFF Stock | USD 0.11 0.01 8.33% |
Goldspot |
Goldspot Discoveries Target Price Odds to finish below 0.14
The tendency of Goldspot OTC 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 under $ 0.14 after 90 days |
| 0.11 | 90 days | 0.14 | about 49.88 |
Based on a normal probability distribution, the odds of Goldspot Discoveries to stay under $ 0.14 after 90 days from now is about 49.88 (This Goldspot Discoveries Corp probability density function shows the probability of Goldspot OTC Stock to fall within a particular range of prices over 90 days) . Probability of Goldspot Discoveries Corp price to stay between its current price of $ 0.11 and $ 0.14 at the end of the 90-day period is about 44.84 .
Assuming the 90 days horizon Goldspot Discoveries has a beta of 0.54. This usually implies as returns on the market go up, Goldspot Discoveries average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Goldspot Discoveries Corp will be expected to be much smaller as well. Additionally Goldspot Discoveries Corp 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. Goldspot Discoveries Price Density |
| Price |
Predictive Modules for Goldspot Discoveries
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Goldspot Discoveries Corp. Regardless of method or technology, however, to accurately forecast the otc stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the otc 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.Goldspot Discoveries Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Goldspot Discoveries is not an exception. The market had few large corrections towards the Goldspot Discoveries' 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 Goldspot Discoveries Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Goldspot Discoveries within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.51 | |
β | Beta against Dow Jones | 0.54 | |
σ | Overall volatility | 0.02 | |
Ir | Information ratio | -0.13 |
Goldspot Discoveries 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 Goldspot Discoveries for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Goldspot Discoveries 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.| Goldspot Discoveries generated a negative expected return over the last 90 days | |
| Goldspot Discoveries has some characteristics of a very speculative penny stock | |
| Goldspot Discoveries has high historical volatility and very poor performance | |
| Goldspot Discoveries Corp has accumulated about 39.36 M in cash with (9.44 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.29, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Roughly 30.0% of the company outstanding shares are owned by corporate insiders |
Goldspot Discoveries 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 Goldspot OTC Stock often depends not only on the future outlook of the current and potential Goldspot Discoveries' 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. Goldspot Discoveries' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 133.4 M |
Goldspot Discoveries Technical Analysis
Goldspot Discoveries' future price can be derived by breaking down and analyzing its technical indicators over time. Goldspot OTC Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Goldspot Discoveries Corp. In general, you should focus on analyzing Goldspot OTC Stock price patterns and their correlations with different microeconomic environments and drivers.
Goldspot Discoveries Predictive Forecast Models
Goldspot Discoveries' time-series forecasting models is one of many Goldspot Discoveries' otc 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 Goldspot Discoveries' 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 otc stock market movement and maximize returns from investment trading.
Things to note about Goldspot Discoveries Corp
Checking the ongoing alerts about Goldspot Discoveries for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Goldspot Discoveries Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Goldspot Discoveries generated a negative expected return over the last 90 days | |
| Goldspot Discoveries has some characteristics of a very speculative penny stock | |
| Goldspot Discoveries has high historical volatility and very poor performance | |
| Goldspot Discoveries Corp has accumulated about 39.36 M in cash with (9.44 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.29, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Roughly 30.0% of the company outstanding shares are owned by corporate insiders |
Other Information on Investing in Goldspot OTC Stock
Goldspot Discoveries financial ratios help investors to determine whether Goldspot OTC 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 Goldspot with respect to the benefits of owning Goldspot Discoveries security.