Eloro Resources Stock Probability of Future OTC Stock Price Finishing Over 0.57
| ELRRF Stock | USD 0.57 0.02 3.39% |
Eloro |
Eloro Resources Target Price Odds to finish over 0.57
The tendency of Eloro OTC 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 above the current price in 90 days |
| 0.57 | 90 days | 0.57 | about 98.0 |
Based on a normal probability distribution, the odds of Eloro Resources to move above the current price in 90 days from now is about 98.0 (This Eloro Resources probability density function shows the probability of Eloro OTC Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days horizon Eloro Resources has a beta of -0.4 suggesting as returns on the benchmark increase, returns on holding Eloro Resources are expected to decrease at a much lower rate. During a bear market, however, Eloro Resources is likely to outperform the market. Additionally Eloro Resources 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. Eloro Resources Price Density |
| Price |
Predictive Modules for Eloro Resources
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Eloro Resources. Regardless of method or technology, however, to accurately forecast the otc stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the otc 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.Eloro Resources Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Eloro Resources is not an exception. The market had few large corrections towards the Eloro Resources' 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 Eloro Resources, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Eloro Resources within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.36 | |
β | Beta against Dow Jones | -0.4 | |
σ | Overall volatility | 0.06 | |
Ir | Information ratio | -0.11 |
Eloro Resources 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 Eloro Resources for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Eloro Resources can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Eloro Resources generated a negative expected return over the last 90 days | |
| Eloro Resources has some characteristics of a very speculative penny stock | |
| Eloro Resources has high historical volatility and very poor performance | |
| Eloro Resources has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (7.11 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Eloro Resources has accumulated about 14.45 M in cash with (3.33 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.21. | |
| Roughly 15.0% of the company shares are held by company insiders |
Eloro Resources 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 Eloro OTC Stock often depends not only on the future outlook of the current and potential Eloro Resources' 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. Eloro Resources' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 64.5 M |
Eloro Resources Technical Analysis
Eloro Resources' future price can be derived by breaking down and analyzing its technical indicators over time. Eloro OTC Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Eloro Resources. In general, you should focus on analyzing Eloro OTC Stock price patterns and their correlations with different microeconomic environments and drivers.
Eloro Resources Predictive Forecast Models
Eloro Resources' time-series forecasting models is one of many Eloro Resources' otc 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 Eloro Resources' 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 otc stock market movement and maximize returns from investment trading.
Things to note about Eloro Resources
Checking the ongoing alerts about Eloro Resources for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Eloro Resources help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Eloro Resources generated a negative expected return over the last 90 days | |
| Eloro Resources has some characteristics of a very speculative penny stock | |
| Eloro Resources has high historical volatility and very poor performance | |
| Eloro Resources has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (7.11 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Eloro Resources has accumulated about 14.45 M in cash with (3.33 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.21. | |
| Roughly 15.0% of the company shares are held by company insiders |
Other Information on Investing in Eloro OTC Stock
Eloro Resources financial ratios help investors to determine whether Eloro OTC 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 Eloro with respect to the benefits of owning Eloro Resources security.