Eros Resources Corp Stock Probability of Future Stock Price Finishing Under 0.00
| ERC Stock | CAD 0.04 0.01 27.27% |
Eros |
Eros Resources Target Price Odds to finish below 0.00
The tendency of Eros 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 drop to C$ 0.00 or more in 90 days |
| 0.04 | 90 days | 0.00 | near 1 |
Based on a normal probability distribution, the odds of Eros Resources to drop to C$ 0.00 or more in 90 days from now is near 1 (This Eros Resources Corp probability density function shows the probability of Eros Stock to fall within a particular range of prices over 90 days) . Probability of Eros Resources Corp price to stay between C$ 0.00 and its current price of C$0.04 at the end of the 90-day period is about 37.21 .
Assuming the 90 days horizon Eros Resources Corp has a beta of -0.37 suggesting as returns on the benchmark increase, returns on holding Eros Resources are expected to decrease at a much lower rate. During a bear market, however, Eros Resources Corp is likely to outperform the market. Additionally Eros Resources Corp has an alpha of 0.2319, implying that it can generate a 0.23 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Eros Resources Price Density |
| Price |
Predictive Modules for Eros 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 Eros Resources Corp. 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.Eros Resources Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Eros Resources is not an exception. The market had few large corrections towards the Eros 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 Eros Resources Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Eros Resources within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.23 | |
β | Beta against Dow Jones | -0.37 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | 0.02 |
Eros 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 Eros Resources for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Eros Resources Corp can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Eros Resources Corp had very high historical volatility over the last 90 days | |
| Eros Resources Corp has some characteristics of a very speculative penny stock | |
| Eros Resources Corp has a very high chance of going through financial distress in the upcoming years | |
| The company reported the revenue of 75. Net Loss for the year was (5.09 M) with loss before overhead, payroll, taxes, and interest of (100.62 K). | |
| Eros Resources Corp has accumulated about 1.71 M in cash with (621.57 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.02. |
Eros 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 Eros Stock often depends not only on the future outlook of the current and potential Eros 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. Eros Resources' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 97.9 M |
Eros Resources Technical Analysis
Eros Resources' future price can be derived by breaking down and analyzing its technical indicators over time. Eros Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Eros Resources Corp. In general, you should focus on analyzing Eros Stock price patterns and their correlations with different microeconomic environments and drivers.
Eros Resources Predictive Forecast Models
Eros Resources' time-series forecasting models is one of many Eros Resources' 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 Eros 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 stock market movement and maximize returns from investment trading.
Things to note about Eros Resources Corp
Checking the ongoing alerts about Eros Resources for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Eros Resources Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Eros Resources Corp had very high historical volatility over the last 90 days | |
| Eros Resources Corp has some characteristics of a very speculative penny stock | |
| Eros Resources Corp has a very high chance of going through financial distress in the upcoming years | |
| The company reported the revenue of 75. Net Loss for the year was (5.09 M) with loss before overhead, payroll, taxes, and interest of (100.62 K). | |
| Eros Resources Corp has accumulated about 1.71 M in cash with (621.57 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.02. |
Additional Tools for Eros Stock Analysis
When running Eros Resources' price analysis, check to measure Eros Resources' 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 Eros Resources is operating at the current time. Most of Eros Resources' value examination focuses on studying past and present price action to predict the probability of Eros Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eros Resources' price. Additionally, you may evaluate how the addition of Eros Resources to your portfolios can decrease your overall portfolio volatility.