Blumetric Environmental Stock Probability of Future Stock Price Finishing Over 0.86
| BLM Stock | CAD 0.86 0.06 6.52% |
BluMetric |
BluMetric Environmental Target Price Odds to finish over 0.86
The tendency of BluMetric 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 move above the current price in 90 days |
| 0.86 | 90 days | 0.86 | about 15.87 |
Based on a normal probability distribution, the odds of BluMetric Environmental to move above the current price in 90 days from now is about 15.87 (This BluMetric Environmental probability density function shows the probability of BluMetric Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days horizon BluMetric Environmental has a beta of 0.13 suggesting as returns on the market go up, BluMetric Environmental average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding BluMetric Environmental will be expected to be much smaller as well. Moreover BluMetric Environmental has an alpha of 1.0161, implying that it can generate a 1.02 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). BluMetric Environmental Price Density |
| Price |
Predictive Modules for BluMetric Environmental
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as BluMetric Environmental. 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.BluMetric Environmental Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. BluMetric Environmental is not an exception. The market had few large corrections towards the BluMetric Environmental'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 BluMetric Environmental, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of BluMetric Environmental within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 1.02 | |
β | Beta against Dow Jones | 0.13 | |
σ | Overall volatility | 0.12 | |
Ir | Information ratio | 0.16 |
BluMetric Environmental 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 BluMetric Environmental for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for BluMetric Environmental can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| BluMetric Environmental is way too risky over 90 days horizon | |
| BluMetric Environmental has some characteristics of a very speculative penny stock | |
| BluMetric Environmental appears to be risky and price may revert if volatility continues | |
| BluMetric Environmental has accumulated about 3.79 M in cash with (462.95 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.13. | |
| Latest headline from news.google.com: BluMetric Lands Major Cleantech Water Contract - TipRanks |
BluMetric Environmental 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 BluMetric Stock often depends not only on the future outlook of the current and potential BluMetric Environmental'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. BluMetric Environmental's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 29.4 M | |
| Cash And Short Term Investments | 3 M |
BluMetric Environmental Technical Analysis
BluMetric Environmental's future price can be derived by breaking down and analyzing its technical indicators over time. BluMetric Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of BluMetric Environmental. In general, you should focus on analyzing BluMetric Stock price patterns and their correlations with different microeconomic environments and drivers.
BluMetric Environmental Predictive Forecast Models
BluMetric Environmental's time-series forecasting models is one of many BluMetric Environmental'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 BluMetric Environmental'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 BluMetric Environmental
Checking the ongoing alerts about BluMetric Environmental for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for BluMetric Environmental help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| BluMetric Environmental is way too risky over 90 days horizon | |
| BluMetric Environmental has some characteristics of a very speculative penny stock | |
| BluMetric Environmental appears to be risky and price may revert if volatility continues | |
| BluMetric Environmental has accumulated about 3.79 M in cash with (462.95 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.13. | |
| Latest headline from news.google.com: BluMetric Lands Major Cleantech Water Contract - TipRanks |
Additional Tools for BluMetric Stock Analysis
When running BluMetric Environmental's price analysis, check to measure BluMetric Environmental'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 BluMetric Environmental is operating at the current time. Most of BluMetric Environmental's value examination focuses on studying past and present price action to predict the probability of BluMetric Environmental's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BluMetric Environmental's price. Additionally, you may evaluate how the addition of BluMetric Environmental to your portfolios can decrease your overall portfolio volatility.