Kore Mining Stock Probability of Future Pink Sheet Price Finishing Under 0.0228
| KOREF Stock | USD 0.03 0.0004 1.60% |
KORE |
KORE Mining Target Price Odds to finish below 0.0228
The tendency of KORE 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 $ 0.02 or more in 90 days |
| 0.03 | 90 days | 0.02 | about 22.46 |
Based on a normal probability distribution, the odds of KORE Mining to drop to $ 0.02 or more in 90 days from now is about 22.46 (This KORE Mining probability density function shows the probability of KORE Pink Sheet to fall within a particular range of prices over 90 days) . Probability of KORE Mining price to stay between $ 0.02 and its current price of $0.0254 at the end of the 90-day period is about 23.45 .
Assuming the 90 days horizon KORE Mining has a beta of -0.0959. This indicates as returns on the benchmark increase, returns on holding KORE Mining are expected to decrease at a much lower rate. During a bear market, however, KORE Mining is likely to outperform the market. Additionally KORE Mining has an alpha of 0.7006, implying that it can generate a 0.7 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). KORE Mining Price Density |
| Price |
Predictive Modules for KORE Mining
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as KORE Mining. 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 KORE Mining'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.
KORE Mining Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. KORE Mining is not an exception. The market had few large corrections towards the KORE Mining'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 KORE Mining, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of KORE Mining within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.70 | |
β | Beta against Dow Jones | -0.1 | |
σ | Overall volatility | 0 | |
Ir | Information ratio | 0.07 |
KORE Mining 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 KORE Mining for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for KORE Mining can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| KORE Mining is way too risky over 90 days horizon | |
| KORE Mining has some characteristics of a very speculative penny stock | |
| KORE Mining appears to be risky and price may revert if volatility continues | |
| KORE Mining has accumulated about 1.43 M in cash with (8.26 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. | |
| Roughly 29.0% of the company outstanding shares are owned by corporate insiders |
KORE Mining 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 KORE Pink Sheet often depends not only on the future outlook of the current and potential KORE Mining'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. KORE Mining's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 114.6 M |
KORE Mining Technical Analysis
KORE Mining's future price can be derived by breaking down and analyzing its technical indicators over time. KORE Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of KORE Mining. In general, you should focus on analyzing KORE Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
KORE Mining Predictive Forecast Models
KORE Mining's time-series forecasting models is one of many KORE Mining'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 KORE Mining'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 KORE Mining
Checking the ongoing alerts about KORE Mining for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for KORE Mining help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| KORE Mining is way too risky over 90 days horizon | |
| KORE Mining has some characteristics of a very speculative penny stock | |
| KORE Mining appears to be risky and price may revert if volatility continues | |
| KORE Mining has accumulated about 1.43 M in cash with (8.26 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. | |
| Roughly 29.0% of the company outstanding shares are owned by corporate insiders |
Other Information on Investing in KORE Pink Sheet
KORE Mining financial ratios help investors to determine whether KORE 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 KORE with respect to the benefits of owning KORE Mining security.