China Evergrande New Stock Probability of Future Pink Sheet Price Finishing Over 0.0261
| EVGRF Stock | USD 0.02 0.00 0.00% |
China |
China Evergrande Target Price Odds to finish over 0.0261
The tendency of China 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 over $ 0.03 or more in 90 days |
| 0.02 | 90 days | 0.03 | about 58.2 |
Based on a normal probability distribution, the odds of China Evergrande to move over $ 0.03 or more in 90 days from now is about 58.2 (This China Evergrande New probability density function shows the probability of China Pink Sheet to fall within a particular range of prices over 90 days) . Probability of China Evergrande New price to stay between its current price of $ 0.02 and $ 0.03 at the end of the 90-day period is about 18.62 .
Assuming the 90 days horizon the pink sheet has the beta coefficient of 2.66 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, China Evergrande will likely underperform. Additionally China Evergrande New has an alpha of 0.9492, implying that it can generate a 0.95 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). China Evergrande Price Density |
| Price |
Predictive Modules for China Evergrande
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as China Evergrande New. 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.China Evergrande Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. China Evergrande is not an exception. The market had few large corrections towards the China Evergrande'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 China Evergrande New, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of China Evergrande within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.95 | |
β | Beta against Dow Jones | 2.66 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | 0.04 |
China Evergrande 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 China Evergrande for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for China Evergrande New can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| China Evergrande New is way too risky over 90 days horizon | |
| China Evergrande New has some characteristics of a very speculative penny stock | |
| China Evergrande New appears to be risky and price may revert if volatility continues | |
| China Evergrande New has high likelihood to experience some financial distress in the next 2 years | |
| China Evergrande New has accumulated 55.92 B in total debt with debt to equity ratio (D/E) of 3.04, implying the company greatly relies on financing operations through barrowing. China Evergrande New has a current ratio of 0.88, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist China Evergrande until it has trouble settling it off, either with new capital or with free cash flow. So, China Evergrande's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like China Evergrande New sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for China to invest in growth at high rates of return. When we think about China Evergrande's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the revenue of 15.49 B. Net Loss for the year was (7.39 B) with profit before overhead, payroll, taxes, and interest of 2.69 B. | |
| China Evergrande New has accumulated about 9.78 B in cash with (1.96 B) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.0, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Roughly 60.0% of China Evergrande shares are held by company insiders |
China Evergrande 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 China Pink Sheet often depends not only on the future outlook of the current and potential China Evergrande'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. China Evergrande's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 8.8 B |
China Evergrande Technical Analysis
China Evergrande's future price can be derived by breaking down and analyzing its technical indicators over time. China Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of China Evergrande New. In general, you should focus on analyzing China Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
China Evergrande Predictive Forecast Models
China Evergrande's time-series forecasting models is one of many China Evergrande's 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 China Evergrande'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 pink sheet market movement and maximize returns from investment trading.
Things to note about China Evergrande New
Checking the ongoing alerts about China Evergrande for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for China Evergrande New help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| China Evergrande New is way too risky over 90 days horizon | |
| China Evergrande New has some characteristics of a very speculative penny stock | |
| China Evergrande New appears to be risky and price may revert if volatility continues | |
| China Evergrande New has high likelihood to experience some financial distress in the next 2 years | |
| China Evergrande New has accumulated 55.92 B in total debt with debt to equity ratio (D/E) of 3.04, implying the company greatly relies on financing operations through barrowing. China Evergrande New has a current ratio of 0.88, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist China Evergrande until it has trouble settling it off, either with new capital or with free cash flow. So, China Evergrande's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like China Evergrande New sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for China to invest in growth at high rates of return. When we think about China Evergrande's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the revenue of 15.49 B. Net Loss for the year was (7.39 B) with profit before overhead, payroll, taxes, and interest of 2.69 B. | |
| China Evergrande New has accumulated about 9.78 B in cash with (1.96 B) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.0, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Roughly 60.0% of China Evergrande shares are held by company insiders |
Other Information on Investing in China Pink Sheet
China Evergrande financial ratios help investors to determine whether China 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 China with respect to the benefits of owning China Evergrande security.