Odyssey Group International Stock Probability of Future Pink Sheet Price Finishing Under 0.0164
| ODYY Stock | USD 0.03 0 3.57% |
Odyssey |
Odyssey Group Target Price Odds to finish below 0.0164
The tendency of Odyssey 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 $ 0.02 or more in 90 days |
| 0.03 | 90 days | 0.02 | about 11.3 |
Based on a normal probability distribution, the odds of Odyssey Group to drop to $ 0.02 or more in 90 days from now is about 11.3 (This Odyssey Group International probability density function shows the probability of Odyssey Pink Sheet to fall within a particular range of prices over 90 days) . Probability of Odyssey Group Intern price to stay between $ 0.02 and its current price of $0.027 at the end of the 90-day period is about 54.68 .
Given the investment horizon of 90 days Odyssey Group has a beta of 0.18. This indicates as returns on the market go up, Odyssey Group average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Odyssey Group International will be expected to be much smaller as well. Additionally Odyssey Group International has an alpha of 0.2113, implying that it can generate a 0.21 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Odyssey Group Price Density |
| Price |
Predictive Modules for Odyssey Group
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Odyssey Group Intern. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Odyssey Group's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Odyssey Group Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Odyssey Group is not an exception. The market had few large corrections towards the Odyssey Group'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 Odyssey Group International, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Odyssey Group within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.21 | |
β | Beta against Dow Jones | 0.18 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | 0.01 |
Odyssey Group 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 Odyssey Group for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Odyssey Group Intern can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Odyssey Group Intern is way too risky over 90 days horizon | |
| Odyssey Group Intern has some characteristics of a very speculative penny stock | |
| Odyssey Group Intern appears to be risky and price may revert if volatility continues | |
| Odyssey Group Intern has a very high chance of going through financial distress in the upcoming years | |
| Odyssey Group International currently holds 1.56 M in liabilities with Debt to Equity (D/E) ratio of 0.06, which may suggest the company is not taking enough advantage from borrowing. Odyssey Group Intern has a current ratio of 0.12, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Odyssey Group until it has trouble settling it off, either with new capital or with free cash flow. So, Odyssey Group'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 Odyssey Group Intern sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Odyssey to invest in growth at high rates of return. When we think about Odyssey Group's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (8.44 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Odyssey Group International currently holds about 266.3 K in cash with (3.18 M) of positive cash flow from operations. | |
| Roughly 28.0% of Odyssey Group outstanding shares are owned by corporate insiders |
Odyssey Group 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 Odyssey Pink Sheet often depends not only on the future outlook of the current and potential Odyssey Group'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. Odyssey Group's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 93.7 M | |
| Short Long Term Debt | 1.5 M | |
| Cash And Short Term Investments | 72.5 K |
Odyssey Group Technical Analysis
Odyssey Group's future price can be derived by breaking down and analyzing its technical indicators over time. Odyssey Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Odyssey Group International. In general, you should focus on analyzing Odyssey Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
Odyssey Group Predictive Forecast Models
Odyssey Group's time-series forecasting models is one of many Odyssey Group'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 Odyssey Group'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 Odyssey Group Intern
Checking the ongoing alerts about Odyssey Group for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Odyssey Group Intern help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Odyssey Group Intern is way too risky over 90 days horizon | |
| Odyssey Group Intern has some characteristics of a very speculative penny stock | |
| Odyssey Group Intern appears to be risky and price may revert if volatility continues | |
| Odyssey Group Intern has a very high chance of going through financial distress in the upcoming years | |
| Odyssey Group International currently holds 1.56 M in liabilities with Debt to Equity (D/E) ratio of 0.06, which may suggest the company is not taking enough advantage from borrowing. Odyssey Group Intern has a current ratio of 0.12, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Odyssey Group until it has trouble settling it off, either with new capital or with free cash flow. So, Odyssey Group'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 Odyssey Group Intern sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Odyssey to invest in growth at high rates of return. When we think about Odyssey Group's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (8.44 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Odyssey Group International currently holds about 266.3 K in cash with (3.18 M) of positive cash flow from operations. | |
| Roughly 28.0% of Odyssey Group outstanding shares are owned by corporate insiders |
Additional Tools for Odyssey Pink Sheet Analysis
When running Odyssey Group's price analysis, check to measure Odyssey Group's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Odyssey Group is operating at the current time. Most of Odyssey Group's value examination focuses on studying past and present price action to predict the probability of Odyssey Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Odyssey Group's price. Additionally, you may evaluate how the addition of Odyssey Group to your portfolios can decrease your overall portfolio volatility.