Canadian Overseas Petroleum Probability of Future Pink Sheet Price Finishing Under 0.0742
| VELXFDelisted Stock | USD 0.02 0.00 0.00% |
Canadian |
Canadian Overseas Target Price Odds to finish below 0.0742
The tendency of Canadian 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 stay under $ 0.07 after 90 days |
| 0.02 | 90 days | 0.07 | about 83.6 |
Based on a normal probability distribution, the odds of Canadian Overseas to stay under $ 0.07 after 90 days from now is about 83.6 (This Canadian Overseas Petroleum probability density function shows the probability of Canadian Pink Sheet to fall within a particular range of prices over 90 days) . Probability of Canadian Overseas price to stay between its current price of $ 0.02 and $ 0.07 at the end of the 90-day period is about 77.49 .
Assuming the 90 days horizon Canadian Overseas has a beta of 0.15. This entails as returns on the market go up, Canadian Overseas average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Canadian Overseas Petroleum will be expected to be much smaller as well. Additionally Canadian Overseas Petroleum 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. Canadian Overseas Price Density |
| Price |
Predictive Modules for Canadian Overseas
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Canadian Overseas. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Canadian Overseas' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Canadian Overseas Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Canadian Overseas is not an exception. The market had few large corrections towards the Canadian Overseas' 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 Canadian Overseas Petroleum, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Canadian Overseas within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -1.32 | |
β | Beta against Dow Jones | 0.15 | |
σ | Overall volatility | 0.02 | |
Ir | Information ratio | -0.13 |
Canadian Overseas 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 Canadian Overseas for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Canadian Overseas can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Canadian Overseas is not yet fully synchronised with the market data | |
| Canadian Overseas has some characteristics of a very speculative penny stock | |
| Canadian Overseas has a very high chance of going through financial distress in the upcoming years | |
| Canadian Overseas Petroleum has accumulated 34.66 M in total debt with debt to equity ratio (D/E) of 1.06, which is about average as compared to similar companies. Canadian Overseas has a current ratio of 0.79, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Canadian Overseas until it has trouble settling it off, either with new capital or with free cash flow. So, Canadian Overseas' 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 Canadian Overseas sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Canadian to invest in growth at high rates of return. When we think about Canadian Overseas' use of debt, we should always consider it together with cash and equity. | |
| The entity reported the revenue of 15 M. Net Loss for the year was (13.54 M) with profit before overhead, payroll, taxes, and interest of 12.8 M. | |
| Canadian Overseas Petroleum has accumulated about 11.53 M in cash with (7.76 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.04, which can makes it an attractive takeover target, given it will continue generating positive cash flow. |
Canadian Overseas 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 Canadian Pink Sheet often depends not only on the future outlook of the current and potential Canadian Overseas' 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. Canadian Overseas' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 194.5 M |
Canadian Overseas Technical Analysis
Canadian Overseas' future price can be derived by breaking down and analyzing its technical indicators over time. Canadian Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Canadian Overseas Petroleum. In general, you should focus on analyzing Canadian Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
Canadian Overseas Predictive Forecast Models
Canadian Overseas' time-series forecasting models is one of many Canadian Overseas' 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 Canadian Overseas' 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 Canadian Overseas
Checking the ongoing alerts about Canadian Overseas for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Canadian Overseas help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Canadian Overseas is not yet fully synchronised with the market data | |
| Canadian Overseas has some characteristics of a very speculative penny stock | |
| Canadian Overseas has a very high chance of going through financial distress in the upcoming years | |
| Canadian Overseas Petroleum has accumulated 34.66 M in total debt with debt to equity ratio (D/E) of 1.06, which is about average as compared to similar companies. Canadian Overseas has a current ratio of 0.79, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Canadian Overseas until it has trouble settling it off, either with new capital or with free cash flow. So, Canadian Overseas' 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 Canadian Overseas sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Canadian to invest in growth at high rates of return. When we think about Canadian Overseas' use of debt, we should always consider it together with cash and equity. | |
| The entity reported the revenue of 15 M. Net Loss for the year was (13.54 M) with profit before overhead, payroll, taxes, and interest of 12.8 M. | |
| Canadian Overseas Petroleum has accumulated about 11.53 M in cash with (7.76 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.04, which can makes it an attractive takeover target, given it will continue generating positive cash flow. |
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Other Consideration for investing in Canadian Pink Sheet
If you are still planning to invest in Canadian Overseas check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Canadian Overseas' history and understand the potential risks before investing.
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data |