E79 Resources Corp Stock Probability of Future OTC Stock Price Finishing Over 0.0576
| ESVNF Stock | USD 0.02 0.01 48.54% |
E79 |
E79 Resources Target Price Odds to finish over 0.0576
The tendency of E79 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 over $ 0.06 or more in 90 days |
| 0.02 | 90 days | 0.06 | near 1 |
Based on a normal probability distribution, the odds of E79 Resources to move over $ 0.06 or more in 90 days from now is near 1 (This E79 Resources Corp probability density function shows the probability of E79 OTC Stock to fall within a particular range of prices over 90 days) . Probability of E79 Resources Corp price to stay between its current price of $ 0.02 and $ 0.06 at the end of the 90-day period is about 46.83 .
Assuming the 90 days horizon E79 Resources Corp has a beta of -1.68 suggesting as returns on its benchmark rise, returns on holding E79 Resources Corp are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, E79 Resources is expected to outperform its benchmark. In addition to that E79 Resources Corp has an alpha of 2.351, implying that it can generate a 2.35 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). E79 Resources Price Density |
| Price |
Predictive Modules for E79 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 E79 Resources Corp. 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.E79 Resources Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. E79 Resources is not an exception. The market had few large corrections towards the E79 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 E79 Resources Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of E79 Resources within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 2.35 | |
β | Beta against Dow Jones | -1.68 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | 0.11 |
E79 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 E79 Resources for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for E79 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.| E79 Resources Corp is way too risky over 90 days horizon | |
| E79 Resources Corp has some characteristics of a very speculative penny stock | |
| E79 Resources Corp appears to be risky and price may revert if volatility continues | |
| E79 Resources Corp has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (3.28 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| E79 Resources Corp has accumulated about 5.93 M in cash with (2.3 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.09, which can makes it an attractive takeover target, given it will continue generating positive cash flow. |
E79 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 E79 OTC Stock often depends not only on the future outlook of the current and potential E79 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. E79 Resources' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 65.1 M |
E79 Resources Technical Analysis
E79 Resources' future price can be derived by breaking down and analyzing its technical indicators over time. E79 OTC Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of E79 Resources Corp. In general, you should focus on analyzing E79 OTC Stock price patterns and their correlations with different microeconomic environments and drivers.
E79 Resources Predictive Forecast Models
E79 Resources' time-series forecasting models is one of many E79 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 E79 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 E79 Resources Corp
Checking the ongoing alerts about E79 Resources for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for E79 Resources Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| E79 Resources Corp is way too risky over 90 days horizon | |
| E79 Resources Corp has some characteristics of a very speculative penny stock | |
| E79 Resources Corp appears to be risky and price may revert if volatility continues | |
| E79 Resources Corp has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (3.28 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| E79 Resources Corp has accumulated about 5.93 M in cash with (2.3 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.09, which can makes it an attractive takeover target, given it will continue generating positive cash flow. |
Other Information on Investing in E79 OTC Stock
E79 Resources financial ratios help investors to determine whether E79 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 E79 with respect to the benefits of owning E79 Resources security.