Envirogold Global Limited Stock Probability of Future OTC Stock Price Finishing Over 0.0401
| ESGLF Stock | USD 0.04 0.0009 2.19% |
EnviroGold |
EnviroGold Global Target Price Odds to finish over 0.0401
The tendency of EnviroGold 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 stay above $ 0.04 in 90 days |
| 0.04 | 90 days | 0.04 | about 65.46 |
Based on a normal probability distribution, the odds of EnviroGold Global to stay above $ 0.04 in 90 days from now is about 65.46 (This EnviroGold Global Limited probability density function shows the probability of EnviroGold OTC Stock to fall within a particular range of prices over 90 days) . Probability of EnviroGold Global price to stay between $ 0.04 and its current price of $0.042 at the end of the 90-day period is about 8.24 .
Assuming the 90 days horizon EnviroGold Global has a beta of 0.23 suggesting as returns on the market go up, EnviroGold Global average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding EnviroGold Global Limited will be expected to be much smaller as well. Additionally EnviroGold Global Limited has an alpha of 0.7872, implying that it can generate a 0.79 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). EnviroGold Global Price Density |
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Predictive Modules for EnviroGold Global
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as EnviroGold Global. 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.EnviroGold Global Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. EnviroGold Global is not an exception. The market had few large corrections towards the EnviroGold Global'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 EnviroGold Global Limited, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of EnviroGold Global within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.79 | |
β | Beta against Dow Jones | 0.23 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | 0.09 |
EnviroGold Global 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 EnviroGold Global for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for EnviroGold Global can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| EnviroGold Global is way too risky over 90 days horizon | |
| EnviroGold Global has some characteristics of a very speculative penny stock | |
| EnviroGold Global appears to be risky and price may revert if volatility continues | |
| EnviroGold Global has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (10.33 M) with loss before overhead, payroll, taxes, and interest of (1.18 M). | |
| EnviroGold Global Limited has accumulated about 1.81 M in cash with (3.23 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. | |
| Roughly 53.0% of the company shares are held by company insiders |
EnviroGold Global 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 EnviroGold OTC Stock often depends not only on the future outlook of the current and potential EnviroGold Global'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. EnviroGold Global's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 189.7 M |
EnviroGold Global Technical Analysis
EnviroGold Global's future price can be derived by breaking down and analyzing its technical indicators over time. EnviroGold OTC Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of EnviroGold Global Limited. In general, you should focus on analyzing EnviroGold OTC Stock price patterns and their correlations with different microeconomic environments and drivers.
EnviroGold Global Predictive Forecast Models
EnviroGold Global's time-series forecasting models is one of many EnviroGold Global's 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 EnviroGold Global'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 otc stock market movement and maximize returns from investment trading.
Things to note about EnviroGold Global
Checking the ongoing alerts about EnviroGold Global for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for EnviroGold Global help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| EnviroGold Global is way too risky over 90 days horizon | |
| EnviroGold Global has some characteristics of a very speculative penny stock | |
| EnviroGold Global appears to be risky and price may revert if volatility continues | |
| EnviroGold Global has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (10.33 M) with loss before overhead, payroll, taxes, and interest of (1.18 M). | |
| EnviroGold Global Limited has accumulated about 1.81 M in cash with (3.23 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. | |
| Roughly 53.0% of the company shares are held by company insiders |
Other Information on Investing in EnviroGold OTC Stock
EnviroGold Global financial ratios help investors to determine whether EnviroGold 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 EnviroGold with respect to the benefits of owning EnviroGold Global security.