Sona Nanotech Stock Probability of Future OTC Stock Price Finishing Under 0.16
| SNANF Stock | USD 0.19 0.00 0.00% |
Sona |
Sona Nanotech Target Price Odds to finish below 0.16
The tendency of Sona 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 drop to $ 0.16 or more in 90 days |
| 0.19 | 90 days | 0.16 | near 1 |
Based on a normal probability distribution, the odds of Sona Nanotech to drop to $ 0.16 or more in 90 days from now is near 1 (This Sona Nanotech probability density function shows the probability of Sona OTC Stock to fall within a particular range of prices over 90 days) . Probability of Sona Nanotech price to stay between $ 0.16 and its current price of $0.19 at the end of the 90-day period is about 23.81 .
Assuming the 90 days horizon Sona Nanotech has a beta of -1.26. This usually implies as returns on its benchmark rise, returns on holding Sona Nanotech are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Sona Nanotech is expected to outperform its benchmark. Additionally Sona Nanotech has an alpha of 0.1458, implying that it can generate a 0.15 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Sona Nanotech Price Density |
| Price |
Predictive Modules for Sona Nanotech
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Sona Nanotech. 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.Sona Nanotech Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Sona Nanotech is not an exception. The market had few large corrections towards the Sona Nanotech'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 Sona Nanotech, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Sona Nanotech within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.15 | |
β | Beta against Dow Jones | -1.26 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | -0.03 |
Sona Nanotech 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 Sona Nanotech for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Sona Nanotech can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Sona Nanotech generated a negative expected return over the last 90 days | |
| Sona Nanotech has high historical volatility and very poor performance | |
| Sona Nanotech has some characteristics of a very speculative penny stock | |
| Sona Nanotech has a very high chance of going through financial distress in the upcoming years | |
| Net Loss for the year was (10.37 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Sona Nanotech has accumulated about 402.77 K in cash with (3.81 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. | |
| Roughly 14.0% of the company outstanding shares are owned by corporate insiders |
Sona Nanotech 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 Sona OTC Stock often depends not only on the future outlook of the current and potential Sona Nanotech'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. Sona Nanotech's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 65.2 M |
Sona Nanotech Technical Analysis
Sona Nanotech's future price can be derived by breaking down and analyzing its technical indicators over time. Sona OTC Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Sona Nanotech. In general, you should focus on analyzing Sona OTC Stock price patterns and their correlations with different microeconomic environments and drivers.
Sona Nanotech Predictive Forecast Models
Sona Nanotech's time-series forecasting models is one of many Sona Nanotech's 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 Sona Nanotech'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 otc stock market movement and maximize returns from investment trading.
Things to note about Sona Nanotech
Checking the ongoing alerts about Sona Nanotech for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Sona Nanotech help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Sona Nanotech generated a negative expected return over the last 90 days | |
| Sona Nanotech has high historical volatility and very poor performance | |
| Sona Nanotech has some characteristics of a very speculative penny stock | |
| Sona Nanotech has a very high chance of going through financial distress in the upcoming years | |
| Net Loss for the year was (10.37 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Sona Nanotech has accumulated about 402.77 K in cash with (3.81 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. | |
| Roughly 14.0% of the company outstanding shares are owned by corporate insiders |
Other Information on Investing in Sona OTC Stock
Sona Nanotech financial ratios help investors to determine whether Sona 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 Sona with respect to the benefits of owning Sona Nanotech security.