Fortune Bay Corp Stock Probability of Future Stock Price Finishing Under 0
| FOR Stock | CAD 0.23 0.01 4.17% |
Fortune |
Fortune Bay Target Price Odds to finish below 0
The tendency of Fortune 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 drop to C$ 0.00 or more in 90 days |
| 0.23 | 90 days | 0.00 | near 1 |
Based on a normal probability distribution, the odds of Fortune Bay to drop to C$ 0.00 or more in 90 days from now is near 1 (This Fortune Bay Corp probability density function shows the probability of Fortune Stock to fall within a particular range of prices over 90 days) . Probability of Fortune Bay Corp price to stay between C$ 0.00 and its current price of C$0.23 at the end of the 90-day period is about 1.66 .
Assuming the 90 days horizon Fortune Bay has a beta of 0.21. This usually indicates as returns on the market go up, Fortune Bay average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Fortune Bay Corp will be expected to be much smaller as well. Additionally Fortune Bay Corp has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Fortune Bay Price Density |
| Price |
Predictive Modules for Fortune Bay
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Fortune Bay Corp. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the 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.Fortune Bay Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Fortune Bay is not an exception. The market had few large corrections towards the Fortune Bay'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 Fortune Bay Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Fortune Bay within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.32 | |
β | Beta against Dow Jones | 0.21 | |
σ | Overall volatility | 0.02 | |
Ir | Information ratio | -0.09 |
Fortune Bay 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 Fortune Bay for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Fortune Bay 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.| Fortune Bay Corp generated a negative expected return over the last 90 days | |
| Fortune Bay Corp has some characteristics of a very speculative penny stock | |
| Fortune Bay Corp has high historical volatility and very poor performance | |
| Net Loss for the year was (1.39 M) with loss before overhead, payroll, taxes, and interest of (149.51 K). | |
| Fortune Bay Corp has accumulated about 3.69 M in cash with (714.35 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.11. | |
| Roughly 15.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Fortune Bay Advances Goldfields Project with New Strategy - TipRanks |
Fortune Bay 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 Fortune Stock often depends not only on the future outlook of the current and potential Fortune Bay'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. Fortune Bay's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 43.4 M | |
| Cash And Short Term Investments | 585.2 K |
Fortune Bay Technical Analysis
Fortune Bay's future price can be derived by breaking down and analyzing its technical indicators over time. Fortune Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Fortune Bay Corp. In general, you should focus on analyzing Fortune Stock price patterns and their correlations with different microeconomic environments and drivers.
Fortune Bay Predictive Forecast Models
Fortune Bay's time-series forecasting models is one of many Fortune Bay's 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 Fortune Bay'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 stock market movement and maximize returns from investment trading.
Things to note about Fortune Bay Corp
Checking the ongoing alerts about Fortune Bay for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Fortune Bay Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Fortune Bay Corp generated a negative expected return over the last 90 days | |
| Fortune Bay Corp has some characteristics of a very speculative penny stock | |
| Fortune Bay Corp has high historical volatility and very poor performance | |
| Net Loss for the year was (1.39 M) with loss before overhead, payroll, taxes, and interest of (149.51 K). | |
| Fortune Bay Corp has accumulated about 3.69 M in cash with (714.35 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.11. | |
| Roughly 15.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Fortune Bay Advances Goldfields Project with New Strategy - TipRanks |
Additional Tools for Fortune Stock Analysis
When running Fortune Bay's price analysis, check to measure Fortune Bay's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Fortune Bay is operating at the current time. Most of Fortune Bay's value examination focuses on studying past and present price action to predict the probability of Fortune Bay's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fortune Bay's price. Additionally, you may evaluate how the addition of Fortune Bay to your portfolios can decrease your overall portfolio volatility.