X2M Connect (Australia) Probability of Future Stock Price Finishing Under 0.032
| X2M Stock | 0.03 0.00 0.00% |
X2M |
X2M Connect Target Price Odds to finish below 0.032
The tendency of X2M 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 below current price in 90 days |
| 0.03 | 90 days | 0.03 | about 7.21 |
Based on a normal probability distribution, the odds of X2M Connect to move below current price in 90 days from now is about 7.21 (This X2M Connect probability density function shows the probability of X2M Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon X2M Connect has a beta of 0.21. This entails as returns on the market go up, X2M Connect average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding X2M Connect will be expected to be much smaller as well. Additionally X2M Connect 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. X2M Connect Price Density |
| Price |
Predictive Modules for X2M Connect
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as X2M Connect. 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.X2M Connect Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. X2M Connect is not an exception. The market had few large corrections towards the X2M Connect'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 X2M Connect, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of X2M Connect within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.36 | |
β | Beta against Dow Jones | 0.21 | |
σ | Overall volatility | 0 | |
Ir | Information ratio | -0.25 |
X2M Connect 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 X2M Connect for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for X2M Connect can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| X2M Connect generated a negative expected return over the last 90 days | |
| X2M Connect has some characteristics of a very speculative penny stock | |
| X2M Connect has a very high chance of going through financial distress in the upcoming years | |
| The company reported the revenue of 13.38 M. Net Loss for the year was (6.51 M) with loss before overhead, payroll, taxes, and interest of (1.51 M). | |
| X2M Connect has accumulated about 1.79 M in cash with (2.38 M) of positive cash flow from operations. | |
| Roughly 42.0% of the company outstanding shares are owned by insiders |
X2M Connect 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 X2M Stock often depends not only on the future outlook of the current and potential X2M Connect'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. X2M Connect's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 252.4 M | |
| Cash And Short Term Investments | 1.9 M |
X2M Connect Technical Analysis
X2M Connect's future price can be derived by breaking down and analyzing its technical indicators over time. X2M Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of X2M Connect. In general, you should focus on analyzing X2M Stock price patterns and their correlations with different microeconomic environments and drivers.
X2M Connect Predictive Forecast Models
X2M Connect's time-series forecasting models is one of many X2M Connect's 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 X2M Connect'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 stock market movement and maximize returns from investment trading.
Things to note about X2M Connect
Checking the ongoing alerts about X2M Connect for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for X2M Connect help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| X2M Connect generated a negative expected return over the last 90 days | |
| X2M Connect has some characteristics of a very speculative penny stock | |
| X2M Connect has a very high chance of going through financial distress in the upcoming years | |
| The company reported the revenue of 13.38 M. Net Loss for the year was (6.51 M) with loss before overhead, payroll, taxes, and interest of (1.51 M). | |
| X2M Connect has accumulated about 1.79 M in cash with (2.38 M) of positive cash flow from operations. | |
| Roughly 42.0% of the company outstanding shares are owned by insiders |
Additional Tools for X2M Stock Analysis
When running X2M Connect's price analysis, check to measure X2M Connect's 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 X2M Connect is operating at the current time. Most of X2M Connect's value examination focuses on studying past and present price action to predict the probability of X2M Connect's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move X2M Connect's price. Additionally, you may evaluate how the addition of X2M Connect to your portfolios can decrease your overall portfolio volatility.