Opthea Stock Chance of Future Pink Sheet Price Finishing Over 38.07
| CKDXF Stock | USD 0.44 0.00 0.00% |
Opthea |
Opthea Target Price Odds to finish over 38.07
The tendency of Opthea 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 over $ 38.07 or more in 90 days |
| 0.44 | 90 days | 38.07 | close to zero percent |
Based on a normal probability distribution, the odds of Opthea to move over $ 38.07 or more in 90 days from now is close to zero percent (This Opthea probability density function shows the probability of Opthea Pink Sheet to fall within a particular range of prices over 90 days) . Probability of Opthea price to stay between its current price of $ 0.44 and $ 38.07 at the end of the 90-day period is about 40.87 .
Assuming the 90 days horizon the pink sheet has the beta coefficient of 1.16 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Opthea will likely underperform. Additionally Opthea has an alpha of 0.9879, implying that it can generate a 0.99 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Opthea Price Density |
| Price |
Predictive Modules for Opthea
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Opthea. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Opthea's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Opthea Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Opthea is not an exception. The market had few large corrections towards the Opthea'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 Opthea, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Opthea within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.99 | |
β | Beta against Dow Jones | 1.16 | |
σ | Overall volatility | 0.13 | |
Ir | Information ratio | 0.08 |
Opthea 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 Opthea for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Opthea can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Opthea is way too risky over 90 days horizon | |
| Opthea has some characteristics of a very speculative penny stock | |
| Opthea appears to be risky and price may revert if volatility continues | |
| Opthea has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 90.68 K. Net Loss for the year was (92.82 M) with profit before overhead, payroll, taxes, and interest of 38.5 K. | |
| Opthea generates negative cash flow from operations |
Opthea 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 Opthea Pink Sheet often depends not only on the future outlook of the current and potential Opthea'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. Opthea's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 352.2 M |
Opthea Technical Analysis
Opthea's future price can be derived by breaking down and analyzing its technical indicators over time. Opthea Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Opthea. In general, you should focus on analyzing Opthea Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
Opthea Predictive Forecast Models
Opthea's time-series forecasting models is one of many Opthea'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 Opthea'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 Opthea
Checking the ongoing alerts about Opthea for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Opthea help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Opthea is way too risky over 90 days horizon | |
| Opthea has some characteristics of a very speculative penny stock | |
| Opthea appears to be risky and price may revert if volatility continues | |
| Opthea has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 90.68 K. Net Loss for the year was (92.82 M) with profit before overhead, payroll, taxes, and interest of 38.5 K. | |
| Opthea generates negative cash flow from operations |
Additional Information and Resources on Investing in Opthea Pink Sheet
When determining whether Opthea is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Opthea Pink Sheet is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Opthea Stock. Highlighted below are key reports to facilitate an investment decision about Opthea Stock:Check out Opthea Backtesting, Opthea Valuation, Opthea Correlation, Opthea Hype Analysis, Opthea Volatility, Opthea History as well as Opthea Performance. For more detail on how to invest in Opthea Pink Sheet please use our How to Invest in Opthea guide.You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.