Enthusiast Gaming Holdings Probability of Future Pink Sheet Price Finishing Over 0.61
| EGLXDelisted Stock | USD 0.61 0.01 1.61% |
Enthusiast |
Enthusiast Gaming Target Price Odds to finish over 0.61
The tendency of Enthusiast 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 above the current price in 90 days |
| 0.61 | 90 days | 0.61 | about 1.7 |
Based on a normal probability distribution, the odds of Enthusiast Gaming to move above the current price in 90 days from now is about 1.7 (This Enthusiast Gaming Holdings probability density function shows the probability of Enthusiast 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 1.65 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, Enthusiast Gaming will likely underperform. Additionally Enthusiast Gaming Holdings has an alpha of 0.1764, implying that it can generate a 0.18 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Enthusiast Gaming Price Density |
| Price |
Predictive Modules for Enthusiast Gaming
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Enthusiast Gaming. 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.Enthusiast Gaming Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Enthusiast Gaming is not an exception. The market had few large corrections towards the Enthusiast Gaming'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 Enthusiast Gaming Holdings, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Enthusiast Gaming within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.18 | |
β | Beta against Dow Jones | 1.65 | |
σ | Overall volatility | 0.06 | |
Ir | Information ratio | 0.04 |
Enthusiast Gaming 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 Enthusiast Gaming for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Enthusiast Gaming can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Enthusiast Gaming is not yet fully synchronised with the market data | |
| Enthusiast Gaming has some characteristics of a very speculative penny stock | |
| Enthusiast Gaming has a very high chance of going through financial distress in the upcoming years | |
| The company reported the previous year's revenue of 202.84 M. Net Loss for the year was (76.83 M) with profit before overhead, payroll, taxes, and interest of 63.46 M. | |
| Enthusiast Gaming Holdings currently holds about 15.07 M in cash with (26.64 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.1. | |
| Roughly 15.0% of the company shares are held by company insiders |
Enthusiast Gaming 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 Enthusiast Pink Sheet often depends not only on the future outlook of the current and potential Enthusiast Gaming'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. Enthusiast Gaming's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 143.5 M | |
| Cash And Short Term Investments | 7.5 M |
Enthusiast Gaming Technical Analysis
Enthusiast Gaming's future price can be derived by breaking down and analyzing its technical indicators over time. Enthusiast Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Enthusiast Gaming Holdings. In general, you should focus on analyzing Enthusiast Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
Enthusiast Gaming Predictive Forecast Models
Enthusiast Gaming's time-series forecasting models is one of many Enthusiast Gaming'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 Enthusiast Gaming'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 Enthusiast Gaming
Checking the ongoing alerts about Enthusiast Gaming for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Enthusiast Gaming help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Enthusiast Gaming is not yet fully synchronised with the market data | |
| Enthusiast Gaming has some characteristics of a very speculative penny stock | |
| Enthusiast Gaming has a very high chance of going through financial distress in the upcoming years | |
| The company reported the previous year's revenue of 202.84 M. Net Loss for the year was (76.83 M) with profit before overhead, payroll, taxes, and interest of 63.46 M. | |
| Enthusiast Gaming Holdings currently holds about 15.07 M in cash with (26.64 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.1. | |
| Roughly 15.0% of the company shares are held by company insiders |
Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Other Consideration for investing in Enthusiast Pink Sheet
If you are still planning to invest in Enthusiast Gaming check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Enthusiast Gaming's history and understand the potential risks before investing.
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