Andromeda Metals Limited Stock Probability of Future Pink Sheet Price Finishing Over 0.01
| ANDMF Stock | USD 0.01 0.00 0.00% |
Andromeda |
Andromeda Metals Target Price Odds to finish over 0.01
The tendency of Andromeda 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 move above the current price in 90 days |
| 0.01 | 90 days | 0.01 | about 20.99 |
Based on a normal probability distribution, the odds of Andromeda Metals to move above the current price in 90 days from now is about 20.99 (This Andromeda Metals Limited probability density function shows the probability of Andromeda Pink Sheet to fall within a particular range of prices over 90 days) .
Andromeda Metals Price Density |
| Price |
Predictive Modules for Andromeda Metals
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Andromeda Metals. 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.Andromeda Metals Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Andromeda Metals is not an exception. The market had few large corrections towards the Andromeda Metals' 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 Andromeda Metals Limited, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Andromeda Metals within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.30 | |
β | Beta against Dow Jones | -0.11 | |
σ | Overall volatility | 0.0009 | |
Ir | Information ratio | 0.03 |
Andromeda Metals 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 Andromeda Metals for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Andromeda Metals can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Andromeda Metals had very high historical volatility over the last 90 days | |
| Andromeda Metals has some characteristics of a very speculative penny stock | |
| Net Loss for the year was (8.73 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Andromeda Metals Limited has accumulated about 32.85 M in cash with (5.14 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. | |
| Roughly 17.0% of the company shares are held by company insiders |
Andromeda Metals Technical Analysis
Andromeda Metals' future price can be derived by breaking down and analyzing its technical indicators over time. Andromeda Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Andromeda Metals Limited. In general, you should focus on analyzing Andromeda Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
Andromeda Metals Predictive Forecast Models
Andromeda Metals' time-series forecasting models is one of many Andromeda Metals' 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 Andromeda Metals' 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 Andromeda Metals
Checking the ongoing alerts about Andromeda Metals for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Andromeda Metals help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Andromeda Metals had very high historical volatility over the last 90 days | |
| Andromeda Metals has some characteristics of a very speculative penny stock | |
| Net Loss for the year was (8.73 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Andromeda Metals Limited has accumulated about 32.85 M in cash with (5.14 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. | |
| Roughly 17.0% of the company shares are held by company insiders |
Other Information on Investing in Andromeda Pink Sheet
Andromeda Metals financial ratios help investors to determine whether Andromeda 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 Andromeda with respect to the benefits of owning Andromeda Metals security.