Nova Lithium Corp Stock Probability of Future Pink Sheet Price Finishing Over 0.29
| NVLIF Stock | 0.25 0.01 4.17% |
Nova |
Nova Lithium Target Price Odds to finish over 0.29
The tendency of Nova 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 move over 0.29 or more in 90 days |
| 0.25 | 90 days | 0.29 | about 30.85 |
Based on a normal probability distribution, the odds of Nova Lithium to move over 0.29 or more in 90 days from now is about 30.85 (This Nova Lithium Corp probability density function shows the probability of Nova Pink Sheet to fall within a particular range of prices over 90 days) . Probability of Nova Lithium Corp price to stay between its current price of 0.25 and 0.29 at the end of the 90-day period is about 62.46 .
Assuming the 90 days horizon Nova Lithium has a beta of 0.26. This indicates as returns on the market go up, Nova Lithium average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Nova Lithium Corp will be expected to be much smaller as well. Additionally Nova Lithium 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. Nova Lithium Price Density |
| Price |
Predictive Modules for Nova Lithium
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Nova Lithium 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.Nova Lithium Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Nova Lithium is not an exception. The market had few large corrections towards the Nova Lithium'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 Nova Lithium Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Nova Lithium within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.13 | |
β | Beta against Dow Jones | 0.26 | |
σ | Overall volatility | 0.02 | |
Ir | Information ratio | -0.03 |
Nova Lithium 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 Nova Lithium for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Nova Lithium 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.| Nova Lithium Corp generated a negative expected return over the last 90 days | |
| Nova Lithium Corp has high historical volatility and very poor performance | |
| Nova Lithium Corp has some characteristics of a very speculative penny stock |
Nova Lithium Technical Analysis
Nova Lithium's future price can be derived by breaking down and analyzing its technical indicators over time. Nova Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Nova Lithium Corp. In general, you should focus on analyzing Nova Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
Nova Lithium Predictive Forecast Models
Nova Lithium's time-series forecasting models is one of many Nova Lithium'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 Nova Lithium'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 Nova Lithium Corp
Checking the ongoing alerts about Nova Lithium for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Nova Lithium Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Nova Lithium Corp generated a negative expected return over the last 90 days | |
| Nova Lithium Corp has high historical volatility and very poor performance | |
| Nova Lithium Corp has some characteristics of a very speculative penny stock |
Other Information on Investing in Nova Pink Sheet
Nova Lithium financial ratios help investors to determine whether Nova 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 Nova with respect to the benefits of owning Nova Lithium security.