Ofx Group Ltd Stock Probability of Future Pink Sheet Price Finishing Over 4.41
| OZFRY Stock | USD 4.35 2.98 40.65% |
OFX |
OFX Group Target Price Odds to finish over 4.41
The tendency of OFX 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 $ 4.41 or more in 90 days |
| 4.35 | 90 days | 4.41 | about 86.63 |
Based on a normal probability distribution, the odds of OFX Group to move over $ 4.41 or more in 90 days from now is about 86.63 (This OFX Group Ltd probability density function shows the probability of OFX Pink Sheet to fall within a particular range of prices over 90 days) . Probability of OFX Group price to stay between its current price of $ 4.35 and $ 4.41 at the end of the 90-day period is near 1 .
Assuming the 90 days horizon the pink sheet has the beta coefficient of 1.56 . This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, OFX Group will likely underperform. Additionally OFX Group Ltd has an alpha of 0.8003, implying that it can generate a 0.8 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). OFX Group Price Density |
| Price |
Predictive Modules for OFX 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 OFX Group. 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.OFX Group Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. OFX Group is not an exception. The market had few large corrections towards the OFX 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 OFX Group Ltd, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of OFX Group within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.80 | |
β | Beta against Dow Jones | 1.56 | |
σ | Overall volatility | 1.47 | |
Ir | Information ratio | 0.11 |
OFX 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 OFX Group for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for OFX Group can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| OFX Group is way too risky over 90 days horizon | |
| OFX Group appears to be risky and price may revert if volatility continues |
OFX 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 OFX Pink Sheet often depends not only on the future outlook of the current and potential OFX 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. OFX Group's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 247.7 M |
OFX Group Technical Analysis
OFX Group's future price can be derived by breaking down and analyzing its technical indicators over time. OFX Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of OFX Group Ltd. In general, you should focus on analyzing OFX Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
OFX Group Predictive Forecast Models
OFX Group's time-series forecasting models is one of many OFX 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 OFX 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 OFX Group
Checking the ongoing alerts about OFX Group for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for OFX Group help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| OFX Group is way too risky over 90 days horizon | |
| OFX Group appears to be risky and price may revert if volatility continues |
Additional Tools for OFX Pink Sheet Analysis
When running OFX Group's price analysis, check to measure OFX 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 OFX Group is operating at the current time. Most of OFX Group's value examination focuses on studying past and present price action to predict the probability of OFX 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 OFX Group's price. Additionally, you may evaluate how the addition of OFX Group to your portfolios can decrease your overall portfolio volatility.