North Bay Resources Stock Probability of Future Pink Sheet Price Finishing Under 5.0E-4
| NBRI Stock | USD 0 0.0001 11.11% |
North |
North Bay Target Price Odds to finish below 5.0E-4
The tendency of North 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 $ 0.0005 or more in 90 days |
| 0 | 90 days | 0.0005 | near 1 |
Based on a normal probability distribution, the odds of North Bay to drop to $ 0.0005 or more in 90 days from now is near 1 (This North Bay Resources probability density function shows the probability of North Pink Sheet to fall within a particular range of prices over 90 days) . Probability of North Bay Resources price to stay between $ 0.0005 and its current price of $0.001 at the end of the 90-day period is about 46.51 .
Given the investment horizon of 90 days North Bay Resources has a beta of -2.18. This indicates as returns on its benchmark rise, returns on holding North Bay Resources are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, North Bay is expected to outperform its benchmark. Moreover North Bay Resources has an alpha of 1.6328, implying that it can generate a 1.63 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). North Bay Price Density |
| Price |
Predictive Modules for North Bay
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as North Bay Resources. 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.North Bay Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. North Bay is not an exception. The market had few large corrections towards the North Bay'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 North Bay Resources, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of North Bay within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 1.63 | |
β | Beta against Dow Jones | -2.18 | |
σ | Overall volatility | 0.0002 | |
Ir | Information ratio | 0.09 |
North Bay 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 North Bay for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for North Bay 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.| North Bay Resources is way too risky over 90 days horizon | |
| North Bay Resources has some characteristics of a very speculative penny stock | |
| North Bay Resources appears to be risky and price may revert if volatility continues | |
| North Bay Resources currently holds 3.26 M in liabilities. North Bay Resources 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 North Bay until it has trouble settling it off, either with new capital or with free cash flow. So, North Bay'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 North Bay Resources sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for North to invest in growth at high rates of return. When we think about North Bay's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (211.89 K) with loss before overhead, payroll, taxes, and interest of (1.36 M). |
North Bay Technical Analysis
North Bay's future price can be derived by breaking down and analyzing its technical indicators over time. North Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of North Bay Resources. In general, you should focus on analyzing North Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
North Bay Predictive Forecast Models
North Bay's time-series forecasting models is one of many North Bay'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 North Bay'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 North Bay Resources
Checking the ongoing alerts about North Bay for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for North Bay Resources help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| North Bay Resources is way too risky over 90 days horizon | |
| North Bay Resources has some characteristics of a very speculative penny stock | |
| North Bay Resources appears to be risky and price may revert if volatility continues | |
| North Bay Resources currently holds 3.26 M in liabilities. North Bay Resources 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 North Bay until it has trouble settling it off, either with new capital or with free cash flow. So, North Bay'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 North Bay Resources sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for North to invest in growth at high rates of return. When we think about North Bay's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (211.89 K) with loss before overhead, payroll, taxes, and interest of (1.36 M). |
Other Information on Investing in North Pink Sheet
North Bay financial ratios help investors to determine whether North 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 North with respect to the benefits of owning North Bay security.