Fortune Bay Corp Stock Probability of Future OTC Stock Price Finishing Under 0.19
| FTBYF Stock | USD 0.19 0.01 5.56% |
Fortune |
Fortune Bay Target Price Odds to finish below 0.19
The tendency of Fortune 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 below current price in 90 days |
| 0.19 | 90 days | 0.19 | about 49.8 |
Based on a normal probability distribution, the odds of Fortune Bay to move below current price in 90 days from now is about 49.8 (This Fortune Bay Corp probability density function shows the probability of Fortune OTC Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days horizon Fortune Bay Corp has a beta of -0.25. This usually indicates as returns on the benchmark increase, returns on holding Fortune Bay are expected to decrease at a much lower rate. During a bear market, however, Fortune Bay Corp is likely to outperform the market. Additionally Fortune Bay Corp has an alpha of 0.1334, implying that it can generate a 0.13 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). 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 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fortune Bay's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
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 | 0.13 | |
β | Beta against Dow Jones | -0.25 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | -0.0027 |
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 had very high historical volatility over the last 90 days | |
| Fortune Bay Corp has some characteristics of a very speculative penny stock | |
| Net Loss for the year was (1.83 M) with loss before overhead, payroll, taxes, and interest of (149.51 K). | |
| Fortune Bay Corp has accumulated about 3.63 M in cash with (1.65 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.09. | |
| Roughly 14.0% of the company shares are held by company insiders |
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 OTC 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 | 42.9 M |
Fortune Bay Technical Analysis
Fortune Bay's future price can be derived by breaking down and analyzing its technical indicators over time. Fortune OTC 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 OTC 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 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 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 otc 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 had very high historical volatility over the last 90 days | |
| Fortune Bay Corp has some characteristics of a very speculative penny stock | |
| Net Loss for the year was (1.83 M) with loss before overhead, payroll, taxes, and interest of (149.51 K). | |
| Fortune Bay Corp has accumulated about 3.63 M in cash with (1.65 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.09. | |
| Roughly 14.0% of the company shares are held by company insiders |
Other Information on Investing in Fortune OTC Stock
Fortune Bay financial ratios help investors to determine whether Fortune 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 Fortune with respect to the benefits of owning Fortune Bay security.