8Common (Australia) Odds of Future Stock Price Finishing Under 0.0369
| 8CO Stock | 0.04 0 9.09% |
8Common |
8Common Target Price Odds to finish below 0.0369
The tendency of 8Common 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 0.04 after 90 days |
| 0.04 | 90 days | 0.04 | about 76.16 |
Based on a normal probability distribution, the odds of 8Common to stay under 0.04 after 90 days from now is about 76.16 (This 8Common probability density function shows the probability of 8Common Stock to fall within a particular range of prices over 90 days) . Probability of 8Common price to stay between its current price of 0.04 and 0.04 at the end of the 90-day period is about 7.65 .
Assuming the 90 days trading horizon the stock has the beta coefficient of 1.44 . This suggests as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, 8Common will likely underperform. Additionally 8Common has an alpha of 0.0949, implying that it can generate a 0.0949 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). 8Common Price Density |
| Price |
Predictive Modules for 8Common
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as 8Common. 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.8Common Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. 8Common is not an exception. The market had few large corrections towards the 8Common'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 8Common, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of 8Common within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.09 | |
β | Beta against Dow Jones | 1.44 | |
σ | Overall volatility | 0 | |
Ir | Information ratio | 0.03 |
8Common 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 8Common for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for 8Common can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| 8Common had very high historical volatility over the last 90 days | |
| 8Common has some characteristics of a very speculative penny stock | |
| 8Common has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 8.12 M. Net Loss for the year was (2.55 M) with loss before overhead, payroll, taxes, and interest of (573.12 K). | |
| 8Common has accumulated about 1.81 M in cash with (1.68 M) of positive cash flow from operations. | |
| Roughly 42.0% of the company shares are owned by insiders or employees | |
| Latest headline from news.google.com: 8common Ltd Affirms Governance and Diversity Commitment - TipRanks |
8Common 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 8Common Stock often depends not only on the future outlook of the current and potential 8Common'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. 8Common's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 224.1 M | |
| Cash And Short Term Investments | 131.7 K |
8Common Technical Analysis
8Common's future price can be derived by breaking down and analyzing its technical indicators over time. 8Common Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of 8Common. In general, you should focus on analyzing 8Common Stock price patterns and their correlations with different microeconomic environments and drivers.
8Common Predictive Forecast Models
8Common's time-series forecasting models is one of many 8Common'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 8Common'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 8Common
Checking the ongoing alerts about 8Common for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for 8Common help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| 8Common had very high historical volatility over the last 90 days | |
| 8Common has some characteristics of a very speculative penny stock | |
| 8Common has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 8.12 M. Net Loss for the year was (2.55 M) with loss before overhead, payroll, taxes, and interest of (573.12 K). | |
| 8Common has accumulated about 1.81 M in cash with (1.68 M) of positive cash flow from operations. | |
| Roughly 42.0% of the company shares are owned by insiders or employees | |
| Latest headline from news.google.com: 8common Ltd Affirms Governance and Diversity Commitment - TipRanks |
Additional Tools for 8Common Stock Analysis
When running 8Common's price analysis, check to measure 8Common'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 8Common is operating at the current time. Most of 8Common's value examination focuses on studying past and present price action to predict the probability of 8Common's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 8Common's price. Additionally, you may evaluate how the addition of 8Common to your portfolios can decrease your overall portfolio volatility.