Novaccess Global Stock Probability of Future Pink Sheet Price Finishing Under 0.00925
| XSNX Stock | USD 0.01 0.0006 6.25% |
NovAccess |
NovAccess Global Target Price Odds to finish below 0.00925
The tendency of NovAccess 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 $ 0.01 after 90 days |
| 0.01 | 90 days | 0.01 | about 73.87 |
Based on a normal probability distribution, the odds of NovAccess Global to stay under $ 0.01 after 90 days from now is about 73.87 (This NovAccess Global probability density function shows the probability of NovAccess Pink Sheet to fall within a particular range of prices over 90 days) . Probability of NovAccess Global price to stay between its current price of $ 0.01 and $ 0.01 at the end of the 90-day period is under 4.
Given the investment horizon of 90 days the pink sheet has the beta coefficient of 2.46 . This entails as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, NovAccess Global will likely underperform. In addition to that NovAccess Global has an alpha of 2.9612, implying that it can generate a 2.96 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). NovAccess Global Price Density |
| Price |
Predictive Modules for NovAccess Global
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as NovAccess Global. 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.NovAccess Global Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. NovAccess Global is not an exception. The market had few large corrections towards the NovAccess Global'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 NovAccess Global, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of NovAccess Global within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 2.96 | |
β | Beta against Dow Jones | 2.46 | |
σ | Overall volatility | 0 | |
Ir | Information ratio | 0.12 |
NovAccess Global 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 NovAccess Global for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for NovAccess Global can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| NovAccess Global is way too risky over 90 days horizon | |
| NovAccess Global has some characteristics of a very speculative penny stock | |
| NovAccess Global appears to be risky and price may revert if volatility continues | |
| NovAccess Global currently holds 165.88 K in liabilities. NovAccess Global has a current ratio of 0.04, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist NovAccess Global until it has trouble settling it off, either with new capital or with free cash flow. So, NovAccess Global'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 NovAccess Global sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for NovAccess to invest in growth at high rates of return. When we think about NovAccess Global's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (1.72 M) with profit before overhead, payroll, taxes, and interest of 752.56 K. | |
| NovAccess Global currently holds about 89.94 K in cash with (903.49 K) of positive cash flow from operations. | |
| Roughly 53.0% of the company outstanding shares are owned by insiders |
NovAccess Global 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 NovAccess Pink Sheet often depends not only on the future outlook of the current and potential NovAccess Global'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. NovAccess Global's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 16.5 M | |
| Cash And Short Term Investments | 64.3 K |
NovAccess Global Technical Analysis
NovAccess Global's future price can be derived by breaking down and analyzing its technical indicators over time. NovAccess Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of NovAccess Global. In general, you should focus on analyzing NovAccess Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
NovAccess Global Predictive Forecast Models
NovAccess Global's time-series forecasting models is one of many NovAccess Global'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 NovAccess Global'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 NovAccess Global
Checking the ongoing alerts about NovAccess Global for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for NovAccess Global help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| NovAccess Global is way too risky over 90 days horizon | |
| NovAccess Global has some characteristics of a very speculative penny stock | |
| NovAccess Global appears to be risky and price may revert if volatility continues | |
| NovAccess Global currently holds 165.88 K in liabilities. NovAccess Global has a current ratio of 0.04, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist NovAccess Global until it has trouble settling it off, either with new capital or with free cash flow. So, NovAccess Global'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 NovAccess Global sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for NovAccess to invest in growth at high rates of return. When we think about NovAccess Global's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (1.72 M) with profit before overhead, payroll, taxes, and interest of 752.56 K. | |
| NovAccess Global currently holds about 89.94 K in cash with (903.49 K) of positive cash flow from operations. | |
| Roughly 53.0% of the company outstanding shares are owned by insiders |
Additional Tools for NovAccess Pink Sheet Analysis
When running NovAccess Global's price analysis, check to measure NovAccess Global'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 NovAccess Global is operating at the current time. Most of NovAccess Global's value examination focuses on studying past and present price action to predict the probability of NovAccess Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NovAccess Global's price. Additionally, you may evaluate how the addition of NovAccess Global to your portfolios can decrease your overall portfolio volatility.