ORMONDE MINING (Germany) Probability of Future Stock Price Finishing Over 5.0E-4
| ORQ1 Stock | 0.0005 0.00 0.00% |
ORMONDE |
ORMONDE MINING Target Price Odds to finish over 5.0E-4
The tendency of ORMONDE 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 above the current price in 90 days |
| 0.0005 | 90 days | 0.0005 | about 57.69 |
Based on a normal probability distribution, the odds of ORMONDE MINING to move above the current price in 90 days from now is about 57.69 (This ORMONDE MINING EO 01 probability density function shows the probability of ORMONDE Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon ORMONDE MINING EO 01 has a beta of -1.56. This indicates as returns on its benchmark rise, returns on holding ORMONDE MINING EO 01 are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, ORMONDE MINING is expected to outperform its benchmark. In addition to that ORMONDE MINING EO 01 has an alpha of 5.3905, implying that it can generate a 5.39 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). ORMONDE MINING Price Density |
| Price |
Predictive Modules for ORMONDE MINING
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ORMONDE MINING EO. 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.ORMONDE MINING Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. ORMONDE MINING is not an exception. The market had few large corrections towards the ORMONDE MINING'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 ORMONDE MINING EO 01, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of ORMONDE MINING within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 5.39 | |
β | Beta against Dow Jones | -1.56 | |
σ | Overall volatility | 0.0008 | |
Ir | Information ratio | 0.13 |
ORMONDE MINING 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 ORMONDE MINING for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for ORMONDE MINING EO can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| ORMONDE MINING EO is way too risky over 90 days horizon | |
| ORMONDE MINING EO has some characteristics of a very speculative penny stock | |
| ORMONDE MINING EO appears to be risky and price may revert if volatility continues |
ORMONDE MINING Technical Analysis
ORMONDE MINING's future price can be derived by breaking down and analyzing its technical indicators over time. ORMONDE Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of ORMONDE MINING EO 01. In general, you should focus on analyzing ORMONDE Stock price patterns and their correlations with different microeconomic environments and drivers.
ORMONDE MINING Predictive Forecast Models
ORMONDE MINING's time-series forecasting models is one of many ORMONDE MINING'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 ORMONDE MINING'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 ORMONDE MINING EO
Checking the ongoing alerts about ORMONDE MINING for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for ORMONDE MINING EO help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| ORMONDE MINING EO is way too risky over 90 days horizon | |
| ORMONDE MINING EO has some characteristics of a very speculative penny stock | |
| ORMONDE MINING EO appears to be risky and price may revert if volatility continues |