Ethema Health Corp Stock Probability of Future Pink Sheet Price Finishing Over 4.0E-4
| GRST Stock | USD 0.0004 0.0001 20.00% |
Ethema |
Ethema Health Target Price Odds to finish over 4.0E-4
The tendency of Ethema 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 move above the current price in 90 days |
| 0.0004 | 90 days | 0.0004 | close to 99 |
Based on a normal probability distribution, the odds of Ethema Health to move above the current price in 90 days from now is close to 99 (This Ethema Health Corp probability density function shows the probability of Ethema Pink Sheet to fall within a particular range of prices over 90 days) .
Given the investment horizon of 90 days Ethema Health has a beta of 0.0782. This usually indicates as returns on the market go up, Ethema Health average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Ethema Health Corp will be expected to be much smaller as well. Additionally Ethema Health 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. Ethema Health Price Density |
| Price |
Predictive Modules for Ethema Health
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Ethema Health Corp. 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 Ethema Health'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.
Ethema Health Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Ethema Health is not an exception. The market had few large corrections towards the Ethema Health'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 Ethema Health Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Ethema Health within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -1.06 | |
β | Beta against Dow Jones | 0.08 | |
σ | Overall volatility | 0.0001 | |
Ir | Information ratio | -0.14 |
Ethema Health 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 Ethema Health for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Ethema Health 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.| Ethema Health Corp generated a negative expected return over the last 90 days | |
| Ethema Health Corp has high historical volatility and very poor performance | |
| Ethema Health Corp has some characteristics of a very speculative penny stock | |
| Ethema Health Corp has high likelihood to experience some financial distress in the next 2 years | |
| Ethema Health Corp has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Ethema Health Corp currently holds 693.5 K in liabilities with Debt to Equity (D/E) ratio of 155.8, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Ethema Health Corp has a current ratio of 0.03, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Ethema Health until it has trouble settling it off, either with new capital or with free cash flow. So, Ethema Health's 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 Ethema Health Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Ethema to invest in growth at high rates of return. When we think about Ethema Health's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the previous year's revenue of 1.94 M. Net Loss for the year was (1.57 M) with profit before overhead, payroll, taxes, and interest of 1.23 M. | |
| Ethema Health Corp currently holds about 69.14 K in cash with (85.57 K) of positive cash flow from operations. |
Ethema Health 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 Ethema Pink Sheet often depends not only on the future outlook of the current and potential Ethema Health'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. Ethema Health's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 2.7 B | |
| Cash And Short Term Investments | 48.8 K |
Ethema Health Technical Analysis
Ethema Health's future price can be derived by breaking down and analyzing its technical indicators over time. Ethema Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Ethema Health Corp. In general, you should focus on analyzing Ethema Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
Ethema Health Predictive Forecast Models
Ethema Health's time-series forecasting models is one of many Ethema Health's 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 Ethema Health'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 pink sheet market movement and maximize returns from investment trading.
Things to note about Ethema Health Corp
Checking the ongoing alerts about Ethema Health for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Ethema Health Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Ethema Health Corp generated a negative expected return over the last 90 days | |
| Ethema Health Corp has high historical volatility and very poor performance | |
| Ethema Health Corp has some characteristics of a very speculative penny stock | |
| Ethema Health Corp has high likelihood to experience some financial distress in the next 2 years | |
| Ethema Health Corp has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Ethema Health Corp currently holds 693.5 K in liabilities with Debt to Equity (D/E) ratio of 155.8, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Ethema Health Corp has a current ratio of 0.03, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Ethema Health until it has trouble settling it off, either with new capital or with free cash flow. So, Ethema Health's 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 Ethema Health Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Ethema to invest in growth at high rates of return. When we think about Ethema Health's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the previous year's revenue of 1.94 M. Net Loss for the year was (1.57 M) with profit before overhead, payroll, taxes, and interest of 1.23 M. | |
| Ethema Health Corp currently holds about 69.14 K in cash with (85.57 K) of positive cash flow from operations. |
Additional Tools for Ethema Pink Sheet Analysis
When running Ethema Health's price analysis, check to measure Ethema Health'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 Ethema Health is operating at the current time. Most of Ethema Health's value examination focuses on studying past and present price action to predict the probability of Ethema Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ethema Health's price. Additionally, you may evaluate how the addition of Ethema Health to your portfolios can decrease your overall portfolio volatility.