88 Energy Limited Stock Probability of Future Pink Sheet Price Finishing Under 0.000012
| EEENF Stock | USD 0 0.0001 7.69% |
EEENF |
88 Energy Target Price Odds to finish below 0.000012
The tendency of EEENF 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 drop to $ 0.000012 or more in 90 days |
| 0 | 90 days | 0.000012 | near 1 |
Based on a normal probability distribution, the odds of 88 Energy to drop to $ 0.000012 or more in 90 days from now is near 1 (This 88 Energy Limited probability density function shows the probability of EEENF Pink Sheet to fall within a particular range of prices over 90 days) . Probability of 88 Energy Limited price to stay between $ 0.000012 and its current price of $0.0012 at the end of the 90-day period is under 4.
Assuming the 90 days horizon the pink sheet has the beta coefficient of 1.21 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, 88 Energy will likely underperform. Additionally 88 Energy Limited 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. 88 Energy Price Density |
| Price |
Predictive Modules for 88 Energy
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as 88 Energy Limited. 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.88 Energy Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. 88 Energy is not an exception. The market had few large corrections towards the 88 Energy'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 88 Energy Limited, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of 88 Energy within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.16 | |
β | Beta against Dow Jones | 1.21 | |
σ | Overall volatility | 0.000074 | |
Ir | Information ratio | -0.02 |
88 Energy 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 88 Energy for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for 88 Energy Limited can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| 88 Energy Limited generated a negative expected return over the last 90 days | |
| 88 Energy Limited has high historical volatility and very poor performance | |
| 88 Energy Limited has some characteristics of a very speculative penny stock | |
| 88 Energy Limited has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (2.41 M) with profit before overhead, payroll, taxes, and interest of 4.45 M. | |
| 88 Energy Limited has accumulated about 10.47 M in cash with (5.65 M) of positive cash flow from operations. |
88 Energy 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 EEENF Pink Sheet often depends not only on the future outlook of the current and potential 88 Energy'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. 88 Energy's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 14.8 B |
88 Energy Technical Analysis
88 Energy's future price can be derived by breaking down and analyzing its technical indicators over time. EEENF Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of 88 Energy Limited. In general, you should focus on analyzing EEENF Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
88 Energy Predictive Forecast Models
88 Energy's time-series forecasting models is one of many 88 Energy'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 88 Energy'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 88 Energy Limited
Checking the ongoing alerts about 88 Energy for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for 88 Energy Limited help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| 88 Energy Limited generated a negative expected return over the last 90 days | |
| 88 Energy Limited has high historical volatility and very poor performance | |
| 88 Energy Limited has some characteristics of a very speculative penny stock | |
| 88 Energy Limited has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (2.41 M) with profit before overhead, payroll, taxes, and interest of 4.45 M. | |
| 88 Energy Limited has accumulated about 10.47 M in cash with (5.65 M) of positive cash flow from operations. |
Other Information on Investing in EEENF Pink Sheet
88 Energy financial ratios help investors to determine whether EEENF Pink Sheet 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 EEENF with respect to the benefits of owning 88 Energy security.