Medx Health Corp Stock Probability of Future Pink Sheet Price Finishing Under 0.06
| MDXHF Stock | USD 0.0008 0.00 0.00% |
MedX |
MedX Health Target Price Odds to finish below 0.06
The tendency of MedX 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 stay under $ 0.06 after 90 days |
| 0.0008 | 90 days | 0.06 | close to 99 |
Based on a normal probability distribution, the odds of MedX Health to stay under $ 0.06 after 90 days from now is close to 99 (This MedX Health Corp probability density function shows the probability of MedX Pink Sheet to fall within a particular range of prices over 90 days) . Probability of MedX Health Corp price to stay between its current price of $ 0.0008 and $ 0.06 at the end of the 90-day period is about 67.15 .
Assuming the 90 days horizon MedX Health Corp has a beta of -1.28. This indicates as returns on its benchmark rise, returns on holding MedX Health Corp are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, MedX Health is expected to outperform its benchmark. Additionally MedX 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. MedX Health Price Density |
| Price |
Predictive Modules for MedX 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 MedX 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.MedX Health Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. MedX Health is not an exception. The market had few large corrections towards the MedX 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 MedX Health Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of MedX Health within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -1.38 | |
β | Beta against Dow Jones | -1.28 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | -0.13 |
MedX 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 MedX Health for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for MedX 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.| MedX Health Corp generated a negative expected return over the last 90 days | |
| MedX Health Corp has high historical volatility and very poor performance | |
| MedX Health Corp has some characteristics of a very speculative penny stock | |
| MedX Health Corp has a very high chance of going through financial distress in the upcoming years | |
| MedX Health Corp has accumulated 2.39 M in total debt. MedX Health Corp has a current ratio of 0.19, 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 MedX Health until it has trouble settling it off, either with new capital or with free cash flow. So, MedX 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 MedX Health Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for MedX to invest in growth at high rates of return. When we think about MedX Health's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the revenue of 563.1 K. Net Loss for the year was (5.32 M) with profit before overhead, payroll, taxes, and interest of 268.11 K. | |
| MedX Health Corp has accumulated about 40.49 K in cash with (4.52 M) of positive cash flow from operations. |
MedX 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 MedX Pink Sheet often depends not only on the future outlook of the current and potential MedX 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. MedX Health's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 183.7 M |
MedX Health Technical Analysis
MedX Health's future price can be derived by breaking down and analyzing its technical indicators over time. MedX Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of MedX Health Corp. In general, you should focus on analyzing MedX Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
MedX Health Predictive Forecast Models
MedX Health's time-series forecasting models is one of many MedX 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 MedX 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 MedX Health Corp
Checking the ongoing alerts about MedX Health for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for MedX Health Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| MedX Health Corp generated a negative expected return over the last 90 days | |
| MedX Health Corp has high historical volatility and very poor performance | |
| MedX Health Corp has some characteristics of a very speculative penny stock | |
| MedX Health Corp has a very high chance of going through financial distress in the upcoming years | |
| MedX Health Corp has accumulated 2.39 M in total debt. MedX Health Corp has a current ratio of 0.19, 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 MedX Health until it has trouble settling it off, either with new capital or with free cash flow. So, MedX 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 MedX Health Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for MedX to invest in growth at high rates of return. When we think about MedX Health's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the revenue of 563.1 K. Net Loss for the year was (5.32 M) with profit before overhead, payroll, taxes, and interest of 268.11 K. | |
| MedX Health Corp has accumulated about 40.49 K in cash with (4.52 M) of positive cash flow from operations. |
Other Information on Investing in MedX Pink Sheet
MedX Health financial ratios help investors to determine whether MedX 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 MedX with respect to the benefits of owning MedX Health security.