Sixty Six Oilfield Stock Probability of Future Pink Sheet Price Finishing Under 1.0E-4
| SSOF Stock | USD 0.0001 0.00 0.00% |
Sixty |
Sixty Six Target Price Odds to finish below 1.0E-4
The tendency of Sixty 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 below current price in 90 days |
| 0.0001 | 90 days | 0.0001 | about 32.15 |
Based on a normal probability distribution, the odds of Sixty Six to move below current price in 90 days from now is about 32.15 (This Sixty Six Oilfield probability density function shows the probability of Sixty Pink Sheet to fall within a particular range of prices over 90 days) .
Given the investment horizon of 90 days Sixty Six Oilfield has a beta of -1.95. This usually implies as returns on its benchmark rise, returns on holding Sixty Six Oilfield are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Sixty Six is expected to outperform its benchmark. Additionally Sixty Six Oilfield has an alpha of 0.979, implying that it can generate a 0.98 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Sixty Six Price Density |
| Price |
Predictive Modules for Sixty Six
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Sixty Six Oilfield. 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.Sixty Six Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Sixty Six is not an exception. The market had few large corrections towards the Sixty Six'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 Sixty Six Oilfield, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Sixty Six within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.98 | |
β | Beta against Dow Jones | -1.95 | |
σ | Overall volatility | 0.000039 | |
Ir | Information ratio | 0.05 |
Sixty Six 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 Sixty Six for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Sixty Six Oilfield can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Sixty Six Oilfield is way too risky over 90 days horizon | |
| Sixty Six Oilfield has some characteristics of a very speculative penny stock | |
| Sixty Six Oilfield appears to be risky and price may revert if volatility continues | |
| Sixty Six Oilfield has high likelihood to experience some financial distress in the next 2 years | |
| Sixty Six Oilfield currently holds 564.4 K in liabilities. Sixty Six Oilfield has a current ratio of 0.26, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Sixty Six until it has trouble settling it off, either with new capital or with free cash flow. So, Sixty Six's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Sixty Six Oilfield sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Sixty to invest in growth at high rates of return. When we think about Sixty Six's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the previous year's revenue of 1.29 M. Net Loss for the year was (778.74 K) with profit before overhead, payroll, taxes, and interest of 11.17 K. | |
| Sixty Six generates negative cash flow from operations |
Sixty Six Technical Analysis
Sixty Six's future price can be derived by breaking down and analyzing its technical indicators over time. Sixty Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Sixty Six Oilfield. In general, you should focus on analyzing Sixty Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
Sixty Six Predictive Forecast Models
Sixty Six's time-series forecasting models is one of many Sixty Six'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 Sixty Six'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 Sixty Six Oilfield
Checking the ongoing alerts about Sixty Six for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Sixty Six Oilfield help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Sixty Six Oilfield is way too risky over 90 days horizon | |
| Sixty Six Oilfield has some characteristics of a very speculative penny stock | |
| Sixty Six Oilfield appears to be risky and price may revert if volatility continues | |
| Sixty Six Oilfield has high likelihood to experience some financial distress in the next 2 years | |
| Sixty Six Oilfield currently holds 564.4 K in liabilities. Sixty Six Oilfield has a current ratio of 0.26, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Sixty Six until it has trouble settling it off, either with new capital or with free cash flow. So, Sixty Six's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Sixty Six Oilfield sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Sixty to invest in growth at high rates of return. When we think about Sixty Six's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the previous year's revenue of 1.29 M. Net Loss for the year was (778.74 K) with profit before overhead, payroll, taxes, and interest of 11.17 K. | |
| Sixty Six generates negative cash flow from operations |
Other Information on Investing in Sixty Pink Sheet
Sixty Six financial ratios help investors to determine whether Sixty Pink Sheet 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 Sixty with respect to the benefits of owning Sixty Six security.