Orex Minerals Stock Probability of Future Stock Price Finishing Over 0.14
| REX Stock | CAD 0.14 0.01 7.69% |
Orex |
Orex Minerals Target Price Odds to finish over 0.14
The tendency of Orex 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 |
| 0.14 | 90 days | 0.14 | under 95 |
Based on a normal probability distribution, the odds of Orex Minerals to move above the current price in 90 days from now is under 95 (This Orex Minerals probability density function shows the probability of Orex Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days horizon Orex Minerals has a beta of 0.0525 indicating as returns on the market go up, Orex Minerals average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Orex Minerals will be expected to be much smaller as well. Additionally Orex Minerals 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. Orex Minerals Price Density |
| Price |
Predictive Modules for Orex Minerals
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Orex Minerals. 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.Orex Minerals Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Orex Minerals is not an exception. The market had few large corrections towards the Orex Minerals' 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 Orex Minerals, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Orex Minerals within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.46 | |
β | Beta against Dow Jones | 0.05 | |
σ | Overall volatility | 0.03 | |
Ir | Information ratio | -0.08 |
Orex Minerals 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 Orex Minerals for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Orex Minerals can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Orex Minerals generated a negative expected return over the last 90 days | |
| Orex Minerals has high historical volatility and very poor performance | |
| Orex Minerals has some characteristics of a very speculative penny stock | |
| Orex Minerals has a very high chance of going through financial distress in the upcoming years | |
| Net Loss for the year was (1.87 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Orex Minerals has accumulated about 1.55 M in cash with (1.13 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. | |
| Latest headline from news.google.com: Orex Minerals Completes 1.2 Million Warrant Program - TipRanks |
Orex Minerals 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 Orex Stock often depends not only on the future outlook of the current and potential Orex Minerals' 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. Orex Minerals' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 20 M |
Orex Minerals Technical Analysis
Orex Minerals' future price can be derived by breaking down and analyzing its technical indicators over time. Orex Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Orex Minerals. In general, you should focus on analyzing Orex Stock price patterns and their correlations with different microeconomic environments and drivers.
Orex Minerals Predictive Forecast Models
Orex Minerals' time-series forecasting models is one of many Orex Minerals' 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 Orex Minerals' 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 Orex Minerals
Checking the ongoing alerts about Orex Minerals for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Orex Minerals help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Orex Minerals generated a negative expected return over the last 90 days | |
| Orex Minerals has high historical volatility and very poor performance | |
| Orex Minerals has some characteristics of a very speculative penny stock | |
| Orex Minerals has a very high chance of going through financial distress in the upcoming years | |
| Net Loss for the year was (1.87 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Orex Minerals has accumulated about 1.55 M in cash with (1.13 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. | |
| Latest headline from news.google.com: Orex Minerals Completes 1.2 Million Warrant Program - TipRanks |
Additional Tools for Orex Stock Analysis
When running Orex Minerals' price analysis, check to measure Orex Minerals' 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 Orex Minerals is operating at the current time. Most of Orex Minerals' value examination focuses on studying past and present price action to predict the probability of Orex Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Orex Minerals' price. Additionally, you may evaluate how the addition of Orex Minerals to your portfolios can decrease your overall portfolio volatility.