Fortune Minerals Limited Stock Probability of Future Pink Sheet Price Finishing Under 0.0003
| FTMDF Stock | USD 0.04 0.01 33.33% |
Fortune |
Fortune Minerals Target Price Odds to finish below 0.0003
The tendency of Fortune 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 drop to $ 0.0003 or more in 90 days |
| 0.04 | 90 days | 0.0003 | near 1 |
Based on a normal probability distribution, the odds of Fortune Minerals to drop to $ 0.0003 or more in 90 days from now is near 1 (This Fortune Minerals Limited probability density function shows the probability of Fortune Pink Sheet to fall within a particular range of prices over 90 days) . Probability of Fortune Minerals price to stay between $ 0.0003 and its current price of $0.04 at the end of the 90-day period is about 51.94 .
Assuming the 90 days horizon Fortune Minerals has a beta of 0.36. This usually indicates as returns on the market go up, Fortune Minerals average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Fortune Minerals Limited will be expected to be much smaller as well. Additionally Fortune Minerals Limited has an alpha of 0.3468, implying that it can generate a 0.35 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Fortune Minerals Price Density |
| Price |
Predictive Modules for Fortune Minerals
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 Minerals. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fortune Minerals' 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 Minerals Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Fortune Minerals is not an exception. The market had few large corrections towards the Fortune Minerals' 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 Minerals Limited, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Fortune Minerals within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.35 | |
β | Beta against Dow Jones | 0.36 | |
σ | Overall volatility | 0 | |
Ir | Information ratio | 0.02 |
Fortune Minerals 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 Minerals for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Fortune Minerals 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 Minerals had very high historical volatility over the last 90 days | |
| Fortune Minerals has some characteristics of a very speculative penny stock | |
| Fortune Minerals Limited has accumulated 1.34 M in total debt with debt to equity ratio (D/E) of 0.22, which may suggest the company is not taking enough advantage from borrowing. Fortune Minerals has a current ratio of 0.07, 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 Fortune Minerals until it has trouble settling it off, either with new capital or with free cash flow. So, Fortune Minerals' 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 Fortune Minerals sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Fortune to invest in growth at high rates of return. When we think about Fortune Minerals' use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (2.41 M) with profit before overhead, payroll, taxes, and interest of 103.36 K. | |
| Fortune Minerals Limited has accumulated about 721.58 K in cash with (814.59 K) of positive cash flow from operations. |
Fortune Minerals 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 Pink Sheet often depends not only on the future outlook of the current and potential Fortune Minerals' 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 Minerals' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 374.1 M |
Fortune Minerals Technical Analysis
Fortune Minerals' future price can be derived by breaking down and analyzing its technical indicators over time. Fortune Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Fortune Minerals Limited. In general, you should focus on analyzing Fortune Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
Fortune Minerals Predictive Forecast Models
Fortune Minerals' time-series forecasting models is one of many Fortune Minerals' 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 Fortune Minerals' 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 Fortune Minerals
Checking the ongoing alerts about Fortune Minerals for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Fortune Minerals help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Fortune Minerals had very high historical volatility over the last 90 days | |
| Fortune Minerals has some characteristics of a very speculative penny stock | |
| Fortune Minerals Limited has accumulated 1.34 M in total debt with debt to equity ratio (D/E) of 0.22, which may suggest the company is not taking enough advantage from borrowing. Fortune Minerals has a current ratio of 0.07, 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 Fortune Minerals until it has trouble settling it off, either with new capital or with free cash flow. So, Fortune Minerals' 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 Fortune Minerals sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Fortune to invest in growth at high rates of return. When we think about Fortune Minerals' use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (2.41 M) with profit before overhead, payroll, taxes, and interest of 103.36 K. | |
| Fortune Minerals Limited has accumulated about 721.58 K in cash with (814.59 K) of positive cash flow from operations. |
Other Information on Investing in Fortune Pink Sheet
Fortune Minerals financial ratios help investors to determine whether Fortune 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 Fortune with respect to the benefits of owning Fortune Minerals security.