Enviroleach Technologies Stock Probability of Future Pink Sheet Price Finishing Over 0.006514
| EVLLF Stock | USD 0.01 0.0003 4.29% |
EnviroLeach |
EnviroLeach Technologies Target Price Odds to finish over 0.006514
The tendency of EnviroLeach 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 stay above $ 0.01 in 90 days |
| 0.01 | 90 days | 0.01 | about 85.67 |
Based on a normal probability distribution, the odds of EnviroLeach Technologies to stay above $ 0.01 in 90 days from now is about 85.67 (This EnviroLeach Technologies probability density function shows the probability of EnviroLeach Pink Sheet to fall within a particular range of prices over 90 days) . Probability of EnviroLeach Technologies price to stay between $ 0.01 and its current price of $0.0073 at the end of the 90-day period is about 17.02 .
Assuming the 90 days horizon EnviroLeach Technologies has a beta of -3.01 suggesting as returns on its benchmark rise, returns on holding EnviroLeach Technologies are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, EnviroLeach Technologies is expected to outperform its benchmark. Moreover EnviroLeach Technologies has an alpha of 1.7129, implying that it can generate a 1.71 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). EnviroLeach Technologies Price Density |
| Price |
Predictive Modules for EnviroLeach Technologies
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as EnviroLeach Technologies. 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.EnviroLeach Technologies Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. EnviroLeach Technologies is not an exception. The market had few large corrections towards the EnviroLeach Technologies' 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 EnviroLeach Technologies, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of EnviroLeach Technologies within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 1.71 | |
β | Beta against Dow Jones | -3.01 | |
σ | Overall volatility | 0 | |
Ir | Information ratio | 0.06 |
EnviroLeach Technologies 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 EnviroLeach Technologies for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for EnviroLeach Technologies can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| EnviroLeach Technologies is way too risky over 90 days horizon | |
| EnviroLeach Technologies has some characteristics of a very speculative penny stock | |
| EnviroLeach Technologies appears to be risky and price may revert if volatility continues | |
| EnviroLeach Technologies has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 851.36 K. Net Loss for the year was (11.49 M) with loss before overhead, payroll, taxes, and interest of (618.02 K). | |
| EnviroLeach Technologies has accumulated about 1.45 M in cash with (3.65 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01, which can makes it an attractive takeover target, given it will continue generating positive cash flow. |
EnviroLeach Technologies 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 EnviroLeach Pink Sheet often depends not only on the future outlook of the current and potential EnviroLeach Technologies' 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. EnviroLeach Technologies' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 93.7 M |
EnviroLeach Technologies Technical Analysis
EnviroLeach Technologies' future price can be derived by breaking down and analyzing its technical indicators over time. EnviroLeach Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of EnviroLeach Technologies. In general, you should focus on analyzing EnviroLeach Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
EnviroLeach Technologies Predictive Forecast Models
EnviroLeach Technologies' time-series forecasting models is one of many EnviroLeach Technologies' 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 EnviroLeach Technologies' 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 EnviroLeach Technologies
Checking the ongoing alerts about EnviroLeach Technologies for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for EnviroLeach Technologies help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| EnviroLeach Technologies is way too risky over 90 days horizon | |
| EnviroLeach Technologies has some characteristics of a very speculative penny stock | |
| EnviroLeach Technologies appears to be risky and price may revert if volatility continues | |
| EnviroLeach Technologies has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 851.36 K. Net Loss for the year was (11.49 M) with loss before overhead, payroll, taxes, and interest of (618.02 K). | |
| EnviroLeach Technologies has accumulated about 1.45 M in cash with (3.65 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01, which can makes it an attractive takeover target, given it will continue generating positive cash flow. |
Other Information on Investing in EnviroLeach Pink Sheet
EnviroLeach Technologies financial ratios help investors to determine whether EnviroLeach 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 EnviroLeach with respect to the benefits of owning EnviroLeach Technologies security.