Cordovacann Corp Stock Probability of Future OTC Stock Price Finishing Under 0.0384
| LVRLF Stock | USD 0.07 0.02 32.00% |
CordovaCann |
CordovaCann Corp Target Price Odds to finish below 0.0384
The tendency of CordovaCann 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 drop to $ 0.04 or more in 90 days |
| 0.07 | 90 days | 0.04 | about 11.95 |
Based on a normal probability distribution, the odds of CordovaCann Corp to drop to $ 0.04 or more in 90 days from now is about 11.95 (This CordovaCann Corp probability density function shows the probability of CordovaCann OTC Stock to fall within a particular range of prices over 90 days) . Probability of CordovaCann Corp price to stay between $ 0.04 and its current price of $0.066 at the end of the 90-day period is about 44.78 .
Assuming the 90 days horizon CordovaCann Corp has a beta of -3.23. This indicates as returns on its benchmark rise, returns on holding CordovaCann Corp are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, CordovaCann Corp is expected to outperform its benchmark. Moreover CordovaCann Corp has an alpha of 1.6348, implying that it can generate a 1.63 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). CordovaCann Corp Price Density |
| Price |
Predictive Modules for CordovaCann Corp
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as CordovaCann 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.CordovaCann Corp Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. CordovaCann Corp is not an exception. The market had few large corrections towards the CordovaCann Corp'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 CordovaCann Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of CordovaCann Corp within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 1.63 | |
β | Beta against Dow Jones | -3.23 | |
σ | Overall volatility | 0.02 | |
Ir | Information ratio | 0.06 |
CordovaCann Corp 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 CordovaCann Corp for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for CordovaCann 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.| CordovaCann Corp is way too risky over 90 days horizon | |
| CordovaCann Corp has some characteristics of a very speculative penny stock | |
| CordovaCann Corp appears to be risky and price may revert if volatility continues | |
| CordovaCann Corp has accumulated 7.12 M in total debt with debt to equity ratio (D/E) of 1.19, which is about average as compared to similar companies. CordovaCann Corp has a current ratio of 0.5, 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 CordovaCann Corp until it has trouble settling it off, either with new capital or with free cash flow. So, CordovaCann Corp'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 CordovaCann Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for CordovaCann to invest in growth at high rates of return. When we think about CordovaCann Corp's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the revenue of 13.53 M. Net Loss for the year was (3.96 M) with profit before overhead, payroll, taxes, and interest of 3.26 M. | |
| CordovaCann Corp has accumulated about 917.32 K in cash with (2.07 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. |
CordovaCann Corp 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 CordovaCann OTC Stock often depends not only on the future outlook of the current and potential CordovaCann Corp'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. CordovaCann Corp's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 109.5 M |
CordovaCann Corp Technical Analysis
CordovaCann Corp's future price can be derived by breaking down and analyzing its technical indicators over time. CordovaCann OTC Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of CordovaCann Corp. In general, you should focus on analyzing CordovaCann OTC Stock price patterns and their correlations with different microeconomic environments and drivers.
CordovaCann Corp Predictive Forecast Models
CordovaCann Corp's time-series forecasting models is one of many CordovaCann Corp'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 CordovaCann Corp'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 CordovaCann Corp
Checking the ongoing alerts about CordovaCann Corp for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for CordovaCann Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| CordovaCann Corp is way too risky over 90 days horizon | |
| CordovaCann Corp has some characteristics of a very speculative penny stock | |
| CordovaCann Corp appears to be risky and price may revert if volatility continues | |
| CordovaCann Corp has accumulated 7.12 M in total debt with debt to equity ratio (D/E) of 1.19, which is about average as compared to similar companies. CordovaCann Corp has a current ratio of 0.5, 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 CordovaCann Corp until it has trouble settling it off, either with new capital or with free cash flow. So, CordovaCann Corp'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 CordovaCann Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for CordovaCann to invest in growth at high rates of return. When we think about CordovaCann Corp's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the revenue of 13.53 M. Net Loss for the year was (3.96 M) with profit before overhead, payroll, taxes, and interest of 3.26 M. | |
| CordovaCann Corp has accumulated about 917.32 K in cash with (2.07 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. |
Other Information on Investing in CordovaCann OTC Stock
CordovaCann Corp financial ratios help investors to determine whether CordovaCann 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 CordovaCann with respect to the benefits of owning CordovaCann Corp security.