Bitterroot Resources Stock Probability of Future Stock Price Finishing Over 0.05
| BTT Stock | CAD 0.05 0.00 0.00% |
Bitterroot |
Bitterroot Resources Target Price Odds to finish over 0.05
The tendency of Bitterroot 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 |
| 0.05 | 90 days | 0.05 | under 4 |
Based on a normal probability distribution, the odds of Bitterroot Resources to move above the current price in 90 days from now is under 4 (This Bitterroot Resources probability density function shows the probability of Bitterroot Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days horizon Bitterroot Resources has a beta of -0.35 suggesting as returns on the benchmark increase, returns on holding Bitterroot Resources are expected to decrease at a much lower rate. During a bear market, however, Bitterroot Resources is likely to outperform the market. Moreover Bitterroot Resources has an alpha of 1.0704, implying that it can generate a 1.07 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Bitterroot Resources Price Density |
| Price |
Predictive Modules for Bitterroot Resources
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Bitterroot Resources. 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.Bitterroot Resources Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Bitterroot Resources is not an exception. The market had few large corrections towards the Bitterroot Resources' 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 Bitterroot Resources, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Bitterroot Resources within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 1.07 | |
β | Beta against Dow Jones | -0.35 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | 0.12 |
Bitterroot Resources 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 Bitterroot Resources for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Bitterroot Resources can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Bitterroot Resources is way too risky over 90 days horizon | |
| Bitterroot Resources has some characteristics of a very speculative penny stock | |
| Bitterroot Resources appears to be risky and price may revert if volatility continues | |
| Bitterroot Resources has accumulated 96.83 K in total debt with debt to equity ratio (D/E) of 5.5, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Bitterroot Resources has a current ratio of 0.39, 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 Bitterroot Resources until it has trouble settling it off, either with new capital or with free cash flow. So, Bitterroot Resources' 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 Bitterroot Resources sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Bitterroot to invest in growth at high rates of return. When we think about Bitterroot Resources' use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (361.91 K) with loss before overhead, payroll, taxes, and interest of (11.17 K). | |
| Bitterroot Resources has accumulated about 100.06 K in cash with (63.61 K) of positive cash flow from operations. | |
| Roughly 30.0% of Bitterroot Resources shares are held by company insiders |
Bitterroot Resources 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 Bitterroot Stock often depends not only on the future outlook of the current and potential Bitterroot Resources' 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. Bitterroot Resources' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 92.3 M | |
| Cash And Short Term Investments | 5845.00 |
Bitterroot Resources Technical Analysis
Bitterroot Resources' future price can be derived by breaking down and analyzing its technical indicators over time. Bitterroot Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Bitterroot Resources. In general, you should focus on analyzing Bitterroot Stock price patterns and their correlations with different microeconomic environments and drivers.
Bitterroot Resources Predictive Forecast Models
Bitterroot Resources' time-series forecasting models is one of many Bitterroot Resources' 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 Bitterroot Resources' 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 Bitterroot Resources
Checking the ongoing alerts about Bitterroot Resources for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Bitterroot Resources help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Bitterroot Resources is way too risky over 90 days horizon | |
| Bitterroot Resources has some characteristics of a very speculative penny stock | |
| Bitterroot Resources appears to be risky and price may revert if volatility continues | |
| Bitterroot Resources has accumulated 96.83 K in total debt with debt to equity ratio (D/E) of 5.5, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Bitterroot Resources has a current ratio of 0.39, 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 Bitterroot Resources until it has trouble settling it off, either with new capital or with free cash flow. So, Bitterroot Resources' 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 Bitterroot Resources sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Bitterroot to invest in growth at high rates of return. When we think about Bitterroot Resources' use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (361.91 K) with loss before overhead, payroll, taxes, and interest of (11.17 K). | |
| Bitterroot Resources has accumulated about 100.06 K in cash with (63.61 K) of positive cash flow from operations. | |
| Roughly 30.0% of Bitterroot Resources shares are held by company insiders |
Additional Tools for Bitterroot Stock Analysis
When running Bitterroot Resources' price analysis, check to measure Bitterroot Resources' 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 Bitterroot Resources is operating at the current time. Most of Bitterroot Resources' value examination focuses on studying past and present price action to predict the probability of Bitterroot Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bitterroot Resources' price. Additionally, you may evaluate how the addition of Bitterroot Resources to your portfolios can decrease your overall portfolio volatility.