Cleanspark Stock Probability of Future Stock Price Finishing Under 11.72
| CLSK Stock | USD 15.10 2.13 16.42% |
CleanSpark |
CleanSpark Target Price Odds to finish below 11.72
The tendency of CleanSpark 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 $ 11.72 or more in 90 days |
| 15.10 | 90 days | 11.72 | about 61.82 |
Based on a normal probability distribution, the odds of CleanSpark to drop to $ 11.72 or more in 90 days from now is about 61.82 (This CleanSpark probability density function shows the probability of CleanSpark Stock to fall within a particular range of prices over 90 days) . Probability of CleanSpark price to stay between $ 11.72 and its current price of $15.1 at the end of the 90-day period is about 34.74 .
Given the investment horizon of 90 days the stock has the beta coefficient of 6.11 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, CleanSpark will likely underperform. Additionally CleanSpark 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. CleanSpark Price Density |
| Price |
Predictive Modules for CleanSpark
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as CleanSpark. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of CleanSpark'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.
CleanSpark Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. CleanSpark is not an exception. The market had few large corrections towards the CleanSpark'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 CleanSpark, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of CleanSpark within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.11 | |
β | Beta against Dow Jones | 6.11 | |
σ | Overall volatility | 2.21 | |
Ir | Information ratio | 0.07 |
CleanSpark 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 CleanSpark for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for CleanSpark can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| CleanSpark is way too risky over 90 days horizon | |
| CleanSpark appears to be risky and price may revert if volatility continues | |
| The company reported the previous year's revenue of 168.41 M. Net Loss for the year was (132.16 M) with profit before overhead, payroll, taxes, and interest of 90.29 M. | |
| CleanSpark currently holds about 3.48 M in cash with (30.39 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.07. | |
| CleanSpark has a frail financial position based on the latest SEC disclosures | |
| Latest headline from MacroaxisInsider: Disposition of 5000 shares by Taylor Monnig of CleanSpark at 5.98 subject to Rule 16b-3 |
CleanSpark 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 CleanSpark Stock often depends not only on the future outlook of the current and potential CleanSpark'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. CleanSpark's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 102.7 M | |
| Cash And Short Term Investments | 86.2 M |
CleanSpark Technical Analysis
CleanSpark's future price can be derived by breaking down and analyzing its technical indicators over time. CleanSpark Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of CleanSpark. In general, you should focus on analyzing CleanSpark Stock price patterns and their correlations with different microeconomic environments and drivers.
CleanSpark Predictive Forecast Models
CleanSpark's time-series forecasting models is one of many CleanSpark'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 CleanSpark'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 CleanSpark
Checking the ongoing alerts about CleanSpark for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for CleanSpark help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| CleanSpark is way too risky over 90 days horizon | |
| CleanSpark appears to be risky and price may revert if volatility continues | |
| The company reported the previous year's revenue of 168.41 M. Net Loss for the year was (132.16 M) with profit before overhead, payroll, taxes, and interest of 90.29 M. | |
| CleanSpark currently holds about 3.48 M in cash with (30.39 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.07. | |
| CleanSpark has a frail financial position based on the latest SEC disclosures | |
| Latest headline from MacroaxisInsider: Disposition of 5000 shares by Taylor Monnig of CleanSpark at 5.98 subject to Rule 16b-3 |
Check out CleanSpark Backtesting, CleanSpark Valuation, CleanSpark Correlation, CleanSpark Hype Analysis, CleanSpark Volatility, CleanSpark History as well as CleanSpark Performance. For more information on how to buy CleanSpark Stock please use our How to buy in CleanSpark Stock guide.You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Is Application Software space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of CleanSpark. If investors know CleanSpark will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about CleanSpark listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.99) | Revenue Per Share 1.788 | Quarterly Revenue Growth 1.287 | Return On Assets 0.022 | Return On Equity (0.15) |
The market value of CleanSpark is measured differently than its book value, which is the value of CleanSpark that is recorded on the company's balance sheet. Investors also form their own opinion of CleanSpark's value that differs from its market value or its book value, called intrinsic value, which is CleanSpark's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because CleanSpark's market value can be influenced by many factors that don't directly affect CleanSpark's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between CleanSpark's value and its price as these two are different measures arrived at by different means. Investors typically determine if CleanSpark is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CleanSpark's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.