Althea Group (Australia) Probability of Future Stock Price Finishing Under 0.0449
| AGH Stock | 0.03 0 5.56% |
Althea |
Althea Group Target Price Odds to finish below 0.0449
The tendency of Althea 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 |
| 0.03 | 90 days | 0.04 | about 81.72 |
Based on a normal probability distribution, the odds of Althea Group to stay under 0.04 after 90 days from now is about 81.72 (This Althea Group Holdings probability density function shows the probability of Althea Stock to fall within a particular range of prices over 90 days) . Probability of Althea Group Holdings price to stay between its current price of 0.03 and 0.04 at the end of the 90-day period is about 47.1 .
Assuming the 90 days trading horizon the stock has the beta coefficient of 2.09 . 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, Althea Group will likely underperform. Additionally Althea Group Holdings has an alpha of 0.7259, implying that it can generate a 0.73 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Althea Group Price Density |
| Price |
Predictive Modules for Althea Group
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Althea Group Holdings. 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.Althea Group Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Althea Group is not an exception. The market had few large corrections towards the Althea Group'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 Althea Group Holdings, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Althea Group within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.73 | |
β | Beta against Dow Jones | 2.09 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | 0.15 |
Althea Group 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 Althea Group for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Althea Group Holdings can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Althea Group is way too risky over 90 days horizon | |
| Althea Group has some characteristics of a very speculative penny stock | |
| Althea Group appears to be risky and price may revert if volatility continues | |
| Althea Group has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 29.4 M. Net Loss for the year was (32.06 M) with profit before overhead, payroll, taxes, and interest of 12.89 M. | |
| Althea Group generates negative cash flow from operations | |
| About 42.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Althea Group Holdings Reveals Significant Shareholder Changes - TipRanks |
Althea Group 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 Althea Stock often depends not only on the future outlook of the current and potential Althea Group'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. Althea Group's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 375.9 M | |
| Cash And Short Term Investments | 331 K |
Althea Group Technical Analysis
Althea Group's future price can be derived by breaking down and analyzing its technical indicators over time. Althea Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Althea Group Holdings. In general, you should focus on analyzing Althea Stock price patterns and their correlations with different microeconomic environments and drivers.
Althea Group Predictive Forecast Models
Althea Group's time-series forecasting models is one of many Althea Group'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 Althea Group'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 Althea Group Holdings
Checking the ongoing alerts about Althea Group for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Althea Group Holdings help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Althea Group is way too risky over 90 days horizon | |
| Althea Group has some characteristics of a very speculative penny stock | |
| Althea Group appears to be risky and price may revert if volatility continues | |
| Althea Group has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 29.4 M. Net Loss for the year was (32.06 M) with profit before overhead, payroll, taxes, and interest of 12.89 M. | |
| Althea Group generates negative cash flow from operations | |
| About 42.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Althea Group Holdings Reveals Significant Shareholder Changes - TipRanks |
Additional Tools for Althea Stock Analysis
When running Althea Group's price analysis, check to measure Althea Group'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 Althea Group is operating at the current time. Most of Althea Group's value examination focuses on studying past and present price action to predict the probability of Althea Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Althea Group's price. Additionally, you may evaluate how the addition of Althea Group to your portfolios can decrease your overall portfolio volatility.