Essex Minerals Stock Probability of Future Pink Sheet Price Finishing Over 0.057
| ESXMF Stock | USD 0.06 0.02 63.79% |
Essex |
Essex Minerals Target Price Odds to finish over 0.057
The tendency of Essex Pink Sheet 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 |
| 0.06 | 90 days | 0.06 | near 1 |
Based on a normal probability distribution, the odds of Essex Minerals to move above the current price in 90 days from now is near 1 (This Essex Minerals probability density function shows the probability of Essex Pink Sheet to fall within a particular range of prices over 90 days) .
Assuming the 90 days horizon the pink sheet has the beta coefficient of 3.71 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, Essex Minerals will likely underperform. In addition to that Essex Minerals has an alpha of 4.0863, implying that it can generate a 4.09 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Essex Minerals Price Density |
| Price |
Predictive Modules for Essex Minerals
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Essex Minerals. Regardless of method or technology, however, to accurately forecast the pink sheet market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the pink sheet 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.Essex Minerals Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Essex Minerals is not an exception. The market had few large corrections towards the Essex Minerals' 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 Essex Minerals, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Essex Minerals within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 4.09 | |
β | Beta against Dow Jones | 3.71 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | 0.11 |
Essex Minerals 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 Essex Minerals for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Essex Minerals can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Essex Minerals is way too risky over 90 days horizon | |
| Essex Minerals has some characteristics of a very speculative penny stock | |
| Essex Minerals appears to be risky and price may revert if volatility continues | |
| Essex Minerals has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (1.13 M) with loss before overhead, payroll, taxes, and interest of (201.21 K). | |
| Essex Minerals has accumulated about 173.39 K in cash with (973.32 K) of positive cash flow from operations. |
Essex Minerals 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 Essex Pink Sheet often depends not only on the future outlook of the current and potential Essex Minerals' 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. Essex Minerals' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 81.4 M | |
| Shares Float | 84.5 M |
Essex Minerals Technical Analysis
Essex Minerals' future price can be derived by breaking down and analyzing its technical indicators over time. Essex Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Essex Minerals. In general, you should focus on analyzing Essex Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
Essex Minerals Predictive Forecast Models
Essex Minerals' time-series forecasting models is one of many Essex Minerals' pink sheet 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 Essex Minerals' 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 pink sheet market movement and maximize returns from investment trading.
Things to note about Essex Minerals
Checking the ongoing alerts about Essex Minerals for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Essex Minerals help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Essex Minerals is way too risky over 90 days horizon | |
| Essex Minerals has some characteristics of a very speculative penny stock | |
| Essex Minerals appears to be risky and price may revert if volatility continues | |
| Essex Minerals has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (1.13 M) with loss before overhead, payroll, taxes, and interest of (201.21 K). | |
| Essex Minerals has accumulated about 173.39 K in cash with (973.32 K) of positive cash flow from operations. |
Other Information on Investing in Essex Pink Sheet
Essex Minerals financial ratios help investors to determine whether Essex Pink Sheet 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 Essex with respect to the benefits of owning Essex Minerals security.