Aston Bay Holdings Stock Probability of Future Stock Price Finishing Under 0.0697
| BAY Stock | CAD 0.07 0.01 7.69% |
Aston |
Aston Bay Target Price Odds to finish below 0.0697
The tendency of Aston 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 drop to C$ 0.07 or more in 90 days |
| 0.07 | 90 days | 0.07 | nearly 4.76 |
Based on a normal probability distribution, the odds of Aston Bay to drop to C$ 0.07 or more in 90 days from now is nearly 4.76 (This Aston Bay Holdings probability density function shows the probability of Aston Stock to fall within a particular range of prices over 90 days) . Probability of Aston Bay Holdings price to stay between C$ 0.07 and its current price of C$0.07 at the end of the 90-day period is near 1 .
Assuming the 90 days horizon the stock has the beta coefficient of 1.14 suggesting Aston Bay Holdings market returns are correlated to returns on the market. As the market goes up or down, Aston Bay is expected to follow. Additionally Aston Bay Holdings 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. Aston Bay Price Density |
| Price |
Predictive Modules for Aston Bay
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Aston Bay 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.Aston Bay Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Aston Bay is not an exception. The market had few large corrections towards the Aston Bay'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 Aston Bay Holdings, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Aston Bay within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.93 | |
β | Beta against Dow Jones | 1.14 | |
σ | Overall volatility | 0.02 | |
Ir | Information ratio | -0.16 |
Aston Bay 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 Aston Bay for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Aston Bay 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.| Aston Bay Holdings generated a negative expected return over the last 90 days | |
| Aston Bay Holdings has high historical volatility and very poor performance | |
| Aston Bay Holdings has some characteristics of a very speculative penny stock | |
| Aston Bay Holdings has a very high chance of going through financial distress in the upcoming years | |
| Aston Bay Holdings has accumulated 532.23 K in total debt with debt to equity ratio (D/E) of 0.01, which may suggest the company is not taking enough advantage from borrowing. Aston Bay Holdings has a current ratio of 0.31, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Aston Bay until it has trouble settling it off, either with new capital or with free cash flow. So, Aston Bay's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Aston Bay Holdings sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Aston to invest in growth at high rates of return. When we think about Aston Bay's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (3.29 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Aston Bay Holdings has accumulated about 111.51 K in cash with (2.46 M) of positive cash flow from operations. |
Aston Bay 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 Aston Stock often depends not only on the future outlook of the current and potential Aston Bay'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. Aston Bay's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 201 M | |
| Cash And Short Term Investments | 552.9 K |
Aston Bay Technical Analysis
Aston Bay's future price can be derived by breaking down and analyzing its technical indicators over time. Aston Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Aston Bay Holdings. In general, you should focus on analyzing Aston Stock price patterns and their correlations with different microeconomic environments and drivers.
Aston Bay Predictive Forecast Models
Aston Bay's time-series forecasting models is one of many Aston Bay'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 Aston Bay'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 Aston Bay Holdings
Checking the ongoing alerts about Aston Bay for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Aston Bay Holdings help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Aston Bay Holdings generated a negative expected return over the last 90 days | |
| Aston Bay Holdings has high historical volatility and very poor performance | |
| Aston Bay Holdings has some characteristics of a very speculative penny stock | |
| Aston Bay Holdings has a very high chance of going through financial distress in the upcoming years | |
| Aston Bay Holdings has accumulated 532.23 K in total debt with debt to equity ratio (D/E) of 0.01, which may suggest the company is not taking enough advantage from borrowing. Aston Bay Holdings has a current ratio of 0.31, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Aston Bay until it has trouble settling it off, either with new capital or with free cash flow. So, Aston Bay's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Aston Bay Holdings sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Aston to invest in growth at high rates of return. When we think about Aston Bay's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (3.29 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Aston Bay Holdings has accumulated about 111.51 K in cash with (2.46 M) of positive cash flow from operations. |
Additional Tools for Aston Stock Analysis
When running Aston Bay's price analysis, check to measure Aston Bay'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 Aston Bay is operating at the current time. Most of Aston Bay's value examination focuses on studying past and present price action to predict the probability of Aston Bay's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aston Bay's price. Additionally, you may evaluate how the addition of Aston Bay to your portfolios can decrease your overall portfolio volatility.