Callinex Mines Stock Probability of Future OTC Stock Price Finishing Under 0.02
| CLLXF Stock | USD 0.65 0.02 2.99% |
Callinex |
Callinex Mines Target Price Odds to finish below 0.02
The tendency of Callinex OTC 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 $ 0.02 or more in 90 days |
| 0.65 | 90 days | 0.02 | near 1 |
Based on a normal probability distribution, the odds of Callinex Mines to drop to $ 0.02 or more in 90 days from now is near 1 (This Callinex Mines probability density function shows the probability of Callinex OTC Stock to fall within a particular range of prices over 90 days) . Probability of Callinex Mines price to stay between $ 0.02 and its current price of $0.65 at the end of the 90-day period is about 1.82 .
Assuming the 90 days horizon Callinex Mines has a beta of -0.0669 suggesting as returns on the benchmark increase, returns on holding Callinex Mines are expected to decrease at a much lower rate. During a bear market, however, Callinex Mines is likely to outperform the market. Additionally Callinex Mines 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. Callinex Mines Price Density |
| Price |
Predictive Modules for Callinex Mines
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Callinex Mines. Regardless of method or technology, however, to accurately forecast the otc stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the otc 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Callinex Mines' 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.
Callinex Mines Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Callinex Mines is not an exception. The market had few large corrections towards the Callinex Mines' 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 Callinex Mines, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Callinex Mines within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.15 | |
β | Beta against Dow Jones | -0.07 | |
σ | Overall volatility | 0.03 | |
Ir | Information ratio | -0.1 |
Callinex Mines 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 Callinex Mines for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Callinex Mines can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Callinex Mines generated a negative expected return over the last 90 days | |
| Callinex Mines has some characteristics of a very speculative penny stock | |
| Callinex Mines has high likelihood to experience some financial distress in the next 2 years | |
| Callinex Mines has accumulated about 3.91 M in cash with (1.47 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.26. |
Callinex Mines 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 Callinex OTC Stock often depends not only on the future outlook of the current and potential Callinex Mines' 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. Callinex Mines' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 14.9 M |
Callinex Mines Technical Analysis
Callinex Mines' future price can be derived by breaking down and analyzing its technical indicators over time. Callinex OTC Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Callinex Mines. In general, you should focus on analyzing Callinex OTC Stock price patterns and their correlations with different microeconomic environments and drivers.
Callinex Mines Predictive Forecast Models
Callinex Mines' time-series forecasting models is one of many Callinex Mines' otc 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 Callinex Mines' 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 otc stock market movement and maximize returns from investment trading.
Things to note about Callinex Mines
Checking the ongoing alerts about Callinex Mines for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Callinex Mines help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Callinex Mines generated a negative expected return over the last 90 days | |
| Callinex Mines has some characteristics of a very speculative penny stock | |
| Callinex Mines has high likelihood to experience some financial distress in the next 2 years | |
| Callinex Mines has accumulated about 3.91 M in cash with (1.47 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.26. |
Other Information on Investing in Callinex OTC Stock
Callinex Mines financial ratios help investors to determine whether Callinex OTC Stock 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 Callinex with respect to the benefits of owning Callinex Mines security.