Altura Mining Limited Stock Probability of Future Pink Sheet Price Finishing Under -8.9E-4
| ALTAF Stock | USD 0.01 0.01 67.50% |
Altura |
Altura Mining Target Price Odds to finish below -8.9E-4
The tendency of Altura Pink Sheet 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 drop to $(0.0009) or more in 90 days |
| 0.01 | 90 days | (0.0009) | about 6.57 |
Based on a normal probability distribution, the odds of Altura Mining to drop to $(0.0009) or more in 90 days from now is about 6.57 (This Altura Mining Limited probability density function shows the probability of Altura Pink Sheet to fall within a particular range of prices over 90 days) . Probability of Altura Mining Limited price to stay between $(0.0009) and its current price of $0.0052 at the end of the 90-day period is about 8.36 .
Assuming the 90 days horizon Altura Mining Limited has a beta of -5.52. This suggests as returns on its benchmark rise, returns on holding Altura Mining Limited are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Altura Mining is expected to outperform its benchmark. In addition to that Altura Mining Limited has an alpha of 13.8496, implying that it can generate a 13.85 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Altura Mining Price Density |
| Price |
Predictive Modules for Altura Mining
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Altura Mining Limited. Regardless of method or technology, however, to accurately forecast the pink sheet market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the pink sheet 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.Altura Mining Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Altura Mining is not an exception. The market had few large corrections towards the Altura Mining'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 Altura Mining Limited, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Altura Mining within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 13.85 | |
β | Beta against Dow Jones | -5.52 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | 0.10 |
Altura Mining 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 Altura Mining for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Altura Mining Limited can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Altura Mining is way too risky over 90 days horizon | |
| Altura Mining has some characteristics of a very speculative penny stock | |
| Altura Mining appears to be risky and price may revert if volatility continues | |
| Altura Mining has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 288.94 K. Net Loss for the year was (681.03 K) with profit before overhead, payroll, taxes, and interest of 292.05 K. | |
| Altura Mining Limited has accumulated about 7.18 M in cash with (2.96 M) of positive cash flow from operations. | |
| Roughly 37.0% of the company shares are held by company insiders |
Altura Mining 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 Altura Pink Sheet often depends not only on the future outlook of the current and potential Altura Mining'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. Altura Mining's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 5.2 B |
Altura Mining Technical Analysis
Altura Mining's future price can be derived by breaking down and analyzing its technical indicators over time. Altura Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Altura Mining Limited. In general, you should focus on analyzing Altura Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
Altura Mining Predictive Forecast Models
Altura Mining's time-series forecasting models is one of many Altura Mining's pink sheet 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 Altura Mining'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 pink sheet market movement and maximize returns from investment trading.
Things to note about Altura Mining Limited
Checking the ongoing alerts about Altura Mining for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Altura Mining Limited help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Altura Mining is way too risky over 90 days horizon | |
| Altura Mining has some characteristics of a very speculative penny stock | |
| Altura Mining appears to be risky and price may revert if volatility continues | |
| Altura Mining has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 288.94 K. Net Loss for the year was (681.03 K) with profit before overhead, payroll, taxes, and interest of 292.05 K. | |
| Altura Mining Limited has accumulated about 7.18 M in cash with (2.96 M) of positive cash flow from operations. | |
| Roughly 37.0% of the company shares are held by company insiders |
Other Information on Investing in Altura Pink Sheet
Altura Mining financial ratios help investors to determine whether Altura Pink Sheet 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 Altura with respect to the benefits of owning Altura Mining security.