Xref (Australia) Chance of Future Stock Price Finishing Over 0.14
| XF1 Stock | 0.21 0.01 4.55% |
Xref |
Xref Target Price Odds to finish over 0.14
The tendency of Xref 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 stay above 0.14 in 90 days |
| 0.21 | 90 days | 0.14 | about 89.22 |
Based on a normal probability distribution, the odds of Xref to stay above 0.14 in 90 days from now is about 89.22 (This Xref probability density function shows the probability of Xref Stock to fall within a particular range of prices over 90 days) . Probability of Xref price to stay between 0.14 and its current price of 0.21 at the end of the 90-day period is about 71.56 .
Assuming the 90 days trading horizon Xref has a beta of 0.59. This entails as returns on the market go up, Xref average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Xref will be expected to be much smaller as well. Additionally Xref has an alpha of 0.376, implying that it can generate a 0.38 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Xref Price Density |
| Price |
Predictive Modules for Xref
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Xref. 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.Xref Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Xref is not an exception. The market had few large corrections towards the Xref'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 Xref, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Xref within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.38 | |
β | Beta against Dow Jones | 0.59 | |
σ | Overall volatility | 0.03 | |
Ir | Information ratio | 0.04 |
Xref 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 Xref for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Xref can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Xref had very high historical volatility over the last 90 days | |
| Xref has some characteristics of a very speculative penny stock | |
| Xref has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 19.86 M. Net Loss for the year was (5.68 M) with profit before overhead, payroll, taxes, and interest of 5.31 M. | |
| Xref has accumulated about 6.84 M in cash with (678.8 K) of positive cash flow from operations. | |
| Roughly 54.0% of the company outstanding shares are owned by insiders | |
| Latest headline from news.google.com: Xref Extends Exclusivity Period with Seek - MSN |
Xref 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 Xref Stock often depends not only on the future outlook of the current and potential Xref'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. Xref's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 187 M | |
| Cash And Short Term Investments | 4.6 M |
Xref Technical Analysis
Xref's future price can be derived by breaking down and analyzing its technical indicators over time. Xref Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Xref. In general, you should focus on analyzing Xref Stock price patterns and their correlations with different microeconomic environments and drivers.
Xref Predictive Forecast Models
Xref's time-series forecasting models is one of many Xref'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 Xref'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 Xref
Checking the ongoing alerts about Xref for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Xref help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Xref had very high historical volatility over the last 90 days | |
| Xref has some characteristics of a very speculative penny stock | |
| Xref has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 19.86 M. Net Loss for the year was (5.68 M) with profit before overhead, payroll, taxes, and interest of 5.31 M. | |
| Xref has accumulated about 6.84 M in cash with (678.8 K) of positive cash flow from operations. | |
| Roughly 54.0% of the company outstanding shares are owned by insiders | |
| Latest headline from news.google.com: Xref Extends Exclusivity Period with Seek - MSN |
Additional Tools for Xref Stock Analysis
When running Xref's price analysis, check to measure Xref'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 Xref is operating at the current time. Most of Xref's value examination focuses on studying past and present price action to predict the probability of Xref's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Xref's price. Additionally, you may evaluate how the addition of Xref to your portfolios can decrease your overall portfolio volatility.