Firetail Resources (Australia) Probability of Future Stock Price Finishing Under 0
| FTL Stock | 0.08 0 1.23% |
Firetail |
Firetail Resources Target Price Odds to finish below 0
The tendency of Firetail 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 0.00 or more in 90 days |
| 0.08 | 90 days | 0.00 | near 1 |
Based on a normal probability distribution, the odds of Firetail Resources to drop to 0.00 or more in 90 days from now is near 1 (This Firetail Resources probability density function shows the probability of Firetail Stock to fall within a particular range of prices over 90 days) . Probability of Firetail Resources price to stay between 0.00 and its current price of 0.08 at the end of the 90-day period is about 19.49 .
Assuming the 90 days trading horizon the stock has the beta coefficient of 2.6 . This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Firetail Resources will likely underperform. Additionally Firetail Resources has an alpha of 0.0634, implying that it can generate a 0.0634 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Firetail Resources Price Density |
| Price |
Predictive Modules for Firetail Resources
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Firetail Resources. 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.Firetail Resources Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Firetail Resources is not an exception. The market had few large corrections towards the Firetail Resources' 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 Firetail Resources, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Firetail Resources within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.06 | |
β | Beta against Dow Jones | 2.60 | |
σ | Overall volatility | 0.02 | |
Ir | Information ratio | 0.04 |
Firetail Resources 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 Firetail Resources for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Firetail Resources can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Firetail Resources had very high historical volatility over the last 90 days | |
| Firetail Resources has some characteristics of a very speculative penny stock | |
| Firetail Resources has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 234.08 K. Net Loss for the year was (2.7 M) with profit before overhead, payroll, taxes, and interest of 165.99 K. | |
| Firetail Resources has accumulated about 5.09 M in cash with (889.59 K) of positive cash flow from operations. | |
| Roughly 58.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Firetail Resources Limited Announces Key AGM Details - MSN |
Firetail Resources 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 Firetail Stock often depends not only on the future outlook of the current and potential Firetail Resources' 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. Firetail Resources' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 140.1 M | |
| Cash And Short Term Investments | 4.7 M |
Firetail Resources Technical Analysis
Firetail Resources' future price can be derived by breaking down and analyzing its technical indicators over time. Firetail Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Firetail Resources. In general, you should focus on analyzing Firetail Stock price patterns and their correlations with different microeconomic environments and drivers.
Firetail Resources Predictive Forecast Models
Firetail Resources' time-series forecasting models is one of many Firetail Resources' 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 Firetail Resources' 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 Firetail Resources
Checking the ongoing alerts about Firetail Resources for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Firetail Resources help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Firetail Resources had very high historical volatility over the last 90 days | |
| Firetail Resources has some characteristics of a very speculative penny stock | |
| Firetail Resources has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 234.08 K. Net Loss for the year was (2.7 M) with profit before overhead, payroll, taxes, and interest of 165.99 K. | |
| Firetail Resources has accumulated about 5.09 M in cash with (889.59 K) of positive cash flow from operations. | |
| Roughly 58.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Firetail Resources Limited Announces Key AGM Details - MSN |
Additional Tools for Firetail Stock Analysis
When running Firetail Resources' price analysis, check to measure Firetail Resources' 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 Firetail Resources is operating at the current time. Most of Firetail Resources' value examination focuses on studying past and present price action to predict the probability of Firetail Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Firetail Resources' price. Additionally, you may evaluate how the addition of Firetail Resources to your portfolios can decrease your overall portfolio volatility.