Millrock Resources Probability of Future OTC Stock Price Finishing Under 0.38
| MLRKFDelisted Stock | USD 0.43 0.03 7.50% |
Millrock |
Millrock Resources Target Price Odds to finish below 0.38
The tendency of Millrock 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 $ 0.38 or more in 90 days |
| 0.43 | 90 days | 0.38 | about 76.11 |
Based on a normal probability distribution, the odds of Millrock Resources to drop to $ 0.38 or more in 90 days from now is about 76.11 (This Millrock Resources probability density function shows the probability of Millrock OTC Stock to fall within a particular range of prices over 90 days) . Probability of Millrock Resources price to stay between $ 0.38 and its current price of $0.43 at the end of the 90-day period is about 16.1 .
Assuming the 90 days horizon Millrock Resources has a beta of -1.4. This indicates as returns on its benchmark rise, returns on holding Millrock Resources are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Millrock Resources is expected to outperform its benchmark. Moreover Millrock Resources has an alpha of 1.6234, implying that it can generate a 1.62 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Millrock Resources Price Density |
| Price |
Predictive Modules for Millrock Resources
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Millrock Resources. 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.Millrock Resources Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Millrock Resources is not an exception. The market had few large corrections towards the Millrock Resources' 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 Millrock Resources, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Millrock Resources within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 1.62 | |
β | Beta against Dow Jones | -1.4 | |
σ | Overall volatility | 0.07 | |
Ir | Information ratio | 0.20 |
Millrock Resources 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 Millrock Resources for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Millrock Resources can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Millrock Resources is not yet fully synchronised with the market data | |
| Millrock Resources has some characteristics of a very speculative penny stock | |
| Millrock Resources has a very high chance of going through financial distress in the upcoming years | |
| The company reported the revenue of 582.04 K. Net Loss for the year was (2.14 M) with profit before overhead, payroll, taxes, and interest of 39.32 K. | |
| Millrock Resources has accumulated about 2.21 M in cash with (1.66 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. |
Millrock Resources 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 Millrock OTC Stock often depends not only on the future outlook of the current and potential Millrock Resources' 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. Millrock Resources' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 152.2 M |
Millrock Resources Technical Analysis
Millrock Resources' future price can be derived by breaking down and analyzing its technical indicators over time. Millrock OTC Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Millrock Resources. In general, you should focus on analyzing Millrock OTC Stock price patterns and their correlations with different microeconomic environments and drivers.
Millrock Resources Predictive Forecast Models
Millrock Resources' time-series forecasting models is one of many Millrock Resources' 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 Millrock Resources' 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 Millrock Resources
Checking the ongoing alerts about Millrock Resources for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Millrock Resources help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Millrock Resources is not yet fully synchronised with the market data | |
| Millrock Resources has some characteristics of a very speculative penny stock | |
| Millrock Resources has a very high chance of going through financial distress in the upcoming years | |
| The company reported the revenue of 582.04 K. Net Loss for the year was (2.14 M) with profit before overhead, payroll, taxes, and interest of 39.32 K. | |
| Millrock Resources has accumulated about 2.21 M in cash with (1.66 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. |
Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any otc stock could be closely tied with the direction of predictive economic indicators such as signals in industry. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Other Consideration for investing in Millrock OTC Stock
If you are still planning to invest in Millrock Resources check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Millrock Resources' history and understand the potential risks before investing.
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