Phenom Resources Corp Stock Probability of Future OTC Stock Price Finishing Over 13.49
| PHNMF Stock | USD 0.22 0.02 8.33% |
Phenom |
Phenom Resources Target Price Odds to finish over 13.49
The tendency of Phenom OTC 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 $ 13.49 or more in 90 days |
| 0.22 | 90 days | 13.49 | close to zero percent |
Based on a normal probability distribution, the odds of Phenom Resources to move over $ 13.49 or more in 90 days from now is close to zero percent (This Phenom Resources Corp probability density function shows the probability of Phenom OTC Stock to fall within a particular range of prices over 90 days) . Probability of Phenom Resources Corp price to stay between its current price of $ 0.22 and $ 13.49 at the end of the 90-day period is close to 99 .
Assuming the 90 days horizon Phenom Resources Corp has a beta of -1.2 indicating as returns on its benchmark rise, returns on holding Phenom Resources Corp are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Phenom Resources is expected to outperform its benchmark. Additionally Phenom Resources 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. Phenom Resources Price Density |
| Price |
Predictive Modules for Phenom Resources
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Phenom Resources Corp. Regardless of method or technology, however, to accurately forecast the otc stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the otc 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.Phenom Resources Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Phenom Resources is not an exception. The market had few large corrections towards the Phenom Resources' 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 Phenom Resources Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Phenom Resources within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.0095 | |
β | Beta against Dow Jones | -1.2 | |
σ | Overall volatility | 0.04 | |
Ir | Information ratio | -0.06 |
Phenom Resources 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 Phenom Resources for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Phenom Resources 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.| Phenom Resources generated a negative expected return over the last 90 days | |
| Phenom Resources has some characteristics of a very speculative penny stock | |
| Phenom Resources has high historical volatility and very poor performance | |
| Phenom Resources has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (2.77 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Phenom Resources Corp has accumulated about 2.43 M in cash with (1.45 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.03. |
Phenom Resources 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 Phenom OTC Stock often depends not only on the future outlook of the current and potential Phenom Resources' 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. Phenom Resources' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 76.2 M |
Phenom Resources Technical Analysis
Phenom Resources' future price can be derived by breaking down and analyzing its technical indicators over time. Phenom OTC Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Phenom Resources Corp. In general, you should focus on analyzing Phenom OTC Stock price patterns and their correlations with different microeconomic environments and drivers.
Phenom Resources Predictive Forecast Models
Phenom Resources' time-series forecasting models is one of many Phenom Resources' otc 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 Phenom Resources' 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 otc stock market movement and maximize returns from investment trading.
Things to note about Phenom Resources Corp
Checking the ongoing alerts about Phenom Resources for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Phenom Resources Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Phenom Resources generated a negative expected return over the last 90 days | |
| Phenom Resources has some characteristics of a very speculative penny stock | |
| Phenom Resources has high historical volatility and very poor performance | |
| Phenom Resources has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (2.77 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Phenom Resources Corp has accumulated about 2.43 M in cash with (1.45 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.03. |
Other Information on Investing in Phenom OTC Stock
Phenom Resources financial ratios help investors to determine whether Phenom OTC 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 Phenom with respect to the benefits of owning Phenom Resources security.