Orbit Garant Drilling Stock Probability of Future Stock Price Finishing Over 14.58
| OGD Stock | CAD 0.80 0.06 6.98% |
Orbit |
Orbit Garant Target Price Odds to finish over 14.58
The tendency of Orbit 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 move over C$ 14.58 or more in 90 days |
| 0.80 | 90 days | 14.58 | close to zero percent |
Based on a normal probability distribution, the odds of Orbit Garant to move over C$ 14.58 or more in 90 days from now is close to zero percent (This Orbit Garant Drilling probability density function shows the probability of Orbit Stock to fall within a particular range of prices over 90 days) . Probability of Orbit Garant Drilling price to stay between its current price of C$ 0.80 and C$ 14.58 at the end of the 90-day period is about 15.87 .
Assuming the 90 days trading horizon Orbit Garant Drilling has a beta of -1.23. This indicates as returns on its benchmark rise, returns on holding Orbit Garant Drilling are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Orbit Garant is expected to outperform its benchmark. Additionally Orbit Garant Drilling has an alpha of 0.5489, implying that it can generate a 0.55 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Orbit Garant Price Density |
| Price |
Predictive Modules for Orbit Garant
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Orbit Garant Drilling. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the 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.Orbit Garant Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Orbit Garant is not an exception. The market had few large corrections towards the Orbit Garant'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 Orbit Garant Drilling, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Orbit Garant within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.55 | |
β | Beta against Dow Jones | -1.23 | |
σ | Overall volatility | 0.12 | |
Ir | Information ratio | 0.06 |
Orbit Garant 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 Orbit Garant for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Orbit Garant Drilling can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Orbit Garant has some characteristics of a very speculative penny stock | |
| Orbit Garant had very high historical volatility over the last 90 days | |
| The company reported the revenue of 181.24 M. Net Loss for the year was (5.04 M) with profit before overhead, payroll, taxes, and interest of 22.52 M. | |
| About 24.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Orbit Garant Drilling Inc. Reports Earnings Results for the First Quarter Ended September 30, 2024 - Marketscreener.com |
Orbit Garant 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 Orbit Stock often depends not only on the future outlook of the current and potential Orbit Garant'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. Orbit Garant's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 37.4 M | |
| Cash And Short Term Investments | 332 K |
Orbit Garant Technical Analysis
Orbit Garant's future price can be derived by breaking down and analyzing its technical indicators over time. Orbit Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Orbit Garant Drilling. In general, you should focus on analyzing Orbit Stock price patterns and their correlations with different microeconomic environments and drivers.
Orbit Garant Predictive Forecast Models
Orbit Garant's time-series forecasting models is one of many Orbit Garant's 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 Orbit Garant'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 stock market movement and maximize returns from investment trading.
Things to note about Orbit Garant Drilling
Checking the ongoing alerts about Orbit Garant for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Orbit Garant Drilling help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Orbit Garant has some characteristics of a very speculative penny stock | |
| Orbit Garant had very high historical volatility over the last 90 days | |
| The company reported the revenue of 181.24 M. Net Loss for the year was (5.04 M) with profit before overhead, payroll, taxes, and interest of 22.52 M. | |
| About 24.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Orbit Garant Drilling Inc. Reports Earnings Results for the First Quarter Ended September 30, 2024 - Marketscreener.com |
Other Information on Investing in Orbit Stock
Orbit Garant financial ratios help investors to determine whether Orbit Stock 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 Orbit with respect to the benefits of owning Orbit Garant security.