Driveitaway Stock Probability of Future Pink Sheet Price Finishing Under 0.0289
| DWAY Stock | USD 0.03 0 3.67% |
DriveItAway |
DriveItAway Target Price Odds to finish below 0.0289
The tendency of DriveItAway 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 below current price in 90 days |
| 0.03 | 90 days | 0.03 | about 18.73 |
Based on a normal probability distribution, the odds of DriveItAway to move below current price in 90 days from now is about 18.73 (This DriveItAway probability density function shows the probability of DriveItAway Pink Sheet to fall within a particular range of prices over 90 days) .
Given the investment horizon of 90 days the pink sheet has the beta coefficient of 3.68 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, DriveItAway will likely underperform. Additionally DriveItAway 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. DriveItAway Price Density |
| Price |
Predictive Modules for DriveItAway
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as DriveItAway. 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.DriveItAway Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. DriveItAway is not an exception. The market had few large corrections towards the DriveItAway'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 DriveItAway, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of DriveItAway within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -1.28 | |
β | Beta against Dow Jones | 3.68 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | -0.06 |
DriveItAway 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 DriveItAway for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for DriveItAway can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| DriveItAway generated a negative expected return over the last 90 days | |
| DriveItAway has high historical volatility and very poor performance | |
| DriveItAway has some characteristics of a very speculative penny stock | |
| DriveItAway has a very high chance of going through financial distress in the upcoming years | |
| DriveItAway currently holds 292.2 K in liabilities with Debt to Equity (D/E) ratio of 1.87, which is about average as compared to similar companies. DriveItAway has a current ratio of 0.52, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist DriveItAway until it has trouble settling it off, either with new capital or with free cash flow. So, DriveItAway's 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 DriveItAway sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for DriveItAway to invest in growth at high rates of return. When we think about DriveItAway's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the previous year's revenue of 55.51 K. Net Loss for the year was (1.48 M) with profit before overhead, payroll, taxes, and interest of 16.61 K. | |
| DriveItAway currently holds about 389.66 K in cash with (827.61 K) of positive cash flow from operations. | |
| Roughly 79.0% of DriveItAway shares are held by company insiders |
DriveItAway 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 DriveItAway Pink Sheet often depends not only on the future outlook of the current and potential DriveItAway'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. DriveItAway's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 106.6 M |
DriveItAway Technical Analysis
DriveItAway's future price can be derived by breaking down and analyzing its technical indicators over time. DriveItAway Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of DriveItAway. In general, you should focus on analyzing DriveItAway Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
DriveItAway Predictive Forecast Models
DriveItAway's time-series forecasting models is one of many DriveItAway'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 DriveItAway'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 DriveItAway
Checking the ongoing alerts about DriveItAway for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for DriveItAway help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| DriveItAway generated a negative expected return over the last 90 days | |
| DriveItAway has high historical volatility and very poor performance | |
| DriveItAway has some characteristics of a very speculative penny stock | |
| DriveItAway has a very high chance of going through financial distress in the upcoming years | |
| DriveItAway currently holds 292.2 K in liabilities with Debt to Equity (D/E) ratio of 1.87, which is about average as compared to similar companies. DriveItAway has a current ratio of 0.52, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist DriveItAway until it has trouble settling it off, either with new capital or with free cash flow. So, DriveItAway's 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 DriveItAway sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for DriveItAway to invest in growth at high rates of return. When we think about DriveItAway's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the previous year's revenue of 55.51 K. Net Loss for the year was (1.48 M) with profit before overhead, payroll, taxes, and interest of 16.61 K. | |
| DriveItAway currently holds about 389.66 K in cash with (827.61 K) of positive cash flow from operations. | |
| Roughly 79.0% of DriveItAway shares are held by company insiders |
Additional Tools for DriveItAway Pink Sheet Analysis
When running DriveItAway's price analysis, check to measure DriveItAway'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 DriveItAway is operating at the current time. Most of DriveItAway's value examination focuses on studying past and present price action to predict the probability of DriveItAway's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DriveItAway's price. Additionally, you may evaluate how the addition of DriveItAway to your portfolios can decrease your overall portfolio volatility.