Eastern Platinum Limited Stock Probability of Future Stock Price Finishing Over 18.46
| ELR Stock | CAD 0.18 0.01 5.88% |
Eastern |
Eastern Platinum Target Price Odds to finish over 18.46
The tendency of Eastern 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 move over C$ 18.46 or more in 90 days |
| 0.18 | 90 days | 18.46 | close to zero percent |
Based on a normal probability distribution, the odds of Eastern Platinum to move over C$ 18.46 or more in 90 days from now is close to zero percent (This Eastern Platinum Limited probability density function shows the probability of Eastern Stock to fall within a particular range of prices over 90 days) . Probability of Eastern Platinum price to stay between its current price of C$ 0.18 and C$ 18.46 at the end of the 90-day period is about 50.0 .
Assuming the 90 days trading horizon the stock has the beta coefficient of 1.79 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, Eastern Platinum will likely underperform. Additionally Eastern Platinum 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. Eastern Platinum Price Density |
| Price |
Predictive Modules for Eastern Platinum
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Eastern Platinum. 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.Eastern Platinum Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Eastern Platinum is not an exception. The market had few large corrections towards the Eastern Platinum'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 Eastern Platinum Limited, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Eastern Platinum within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.07 | |
β | Beta against Dow Jones | 1.79 | |
σ | Overall volatility | 0.02 | |
Ir | Information ratio | 0.01 |
Eastern Platinum 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 Eastern Platinum for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Eastern Platinum can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Eastern Platinum had very high historical volatility over the last 90 days | |
| Eastern Platinum has some characteristics of a very speculative penny stock | |
| Eastern Platinum is unlikely to experience financial distress in the next 2 years | |
| About 50.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: EASTERN PLATINUM LIMITED REPORTS RESULTS FOR THE THIRD QUARTER OF 2024 Company Announcement - Financial Times |
Eastern Platinum 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 Eastern Stock often depends not only on the future outlook of the current and potential Eastern Platinum'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. Eastern Platinum's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 179 M | |
| Cash And Short Term Investments | 21.3 M |
Eastern Platinum Technical Analysis
Eastern Platinum's future price can be derived by breaking down and analyzing its technical indicators over time. Eastern Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Eastern Platinum Limited. In general, you should focus on analyzing Eastern Stock price patterns and their correlations with different microeconomic environments and drivers.
Eastern Platinum Predictive Forecast Models
Eastern Platinum's time-series forecasting models is one of many Eastern Platinum'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 Eastern Platinum'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 Eastern Platinum
Checking the ongoing alerts about Eastern Platinum for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Eastern Platinum help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Eastern Platinum had very high historical volatility over the last 90 days | |
| Eastern Platinum has some characteristics of a very speculative penny stock | |
| Eastern Platinum is unlikely to experience financial distress in the next 2 years | |
| About 50.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: EASTERN PLATINUM LIMITED REPORTS RESULTS FOR THE THIRD QUARTER OF 2024 Company Announcement - Financial Times |
Other Information on Investing in Eastern Stock
Eastern Platinum financial ratios help investors to determine whether Eastern 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 Eastern with respect to the benefits of owning Eastern Platinum security.