Alkane Resources Limited Stock Probability of Future Pink Sheet Price Finishing Under 0.175
| ALKEF Stock | USD 0.44 0.03 6.38% |
Alkane |
Alkane Resources Target Price Odds to finish below 0.175
The tendency of Alkane 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 drop to $ 0.18 or more in 90 days |
| 0.44 | 90 days | 0.18 | near 1 |
Based on a normal probability distribution, the odds of Alkane Resources to drop to $ 0.18 or more in 90 days from now is near 1 (This Alkane Resources Limited probability density function shows the probability of Alkane Pink Sheet to fall within a particular range of prices over 90 days) . Probability of Alkane Resources price to stay between $ 0.18 and its current price of $0.44 at the end of the 90-day period is over 95.17 .
Assuming the 90 days horizon Alkane Resources has a beta of 0.24. This suggests as returns on the market go up, Alkane Resources average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Alkane Resources Limited will be expected to be much smaller as well. Additionally Alkane Resources Limited has an alpha of 0.2752, implying that it can generate a 0.28 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Alkane Resources Price Density |
| Price |
Predictive Modules for Alkane Resources
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Alkane Resources. 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 Alkane Resources' 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.
Alkane Resources Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Alkane Resources is not an exception. The market had few large corrections towards the Alkane Resources' 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 Alkane Resources Limited, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Alkane Resources within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.28 | |
β | Beta against NYSE Composite | 0.24 | |
σ | Overall volatility | 0.04 | |
Ir | Information ratio | 0.05 |
Alkane Resources 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 Alkane Resources for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Alkane Resources can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Alkane Resources has some characteristics of a very speculative penny stock | |
| Alkane Resources had very high historical volatility over the last 90 days | |
| About 35.0% of the company shares are held by company insiders |
Alkane Resources 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 Alkane Pink Sheet often depends not only on the future outlook of the current and potential Alkane Resources' 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. Alkane Resources' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 595.6 M |
Alkane Resources Technical Analysis
Alkane Resources' future price can be derived by breaking down and analyzing its technical indicators over time. Alkane Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Alkane Resources Limited. In general, you should focus on analyzing Alkane Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
Alkane Resources Predictive Forecast Models
Alkane Resources' time-series forecasting models is one of many Alkane Resources' 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 Alkane Resources' 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 Alkane Resources
Checking the ongoing alerts about Alkane Resources for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Alkane Resources help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Alkane Resources has some characteristics of a very speculative penny stock | |
| Alkane Resources had very high historical volatility over the last 90 days | |
| About 35.0% of the company shares are held by company insiders |
Check out Alkane Resources Backtesting, Alkane Resources Valuation, Alkane Resources Correlation, Alkane Resources Hype Analysis, Alkane Resources Volatility, Alkane Resources History as well as Alkane Resources Performance. Note that the Alkane Resources information on this page should be used as a complementary analysis to other Alkane Resources' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Complementary Tools for Alkane Pink Sheet analysis
When running Alkane Resources' price analysis, check to measure Alkane Resources' 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 Alkane Resources is operating at the current time. Most of Alkane Resources' value examination focuses on studying past and present price action to predict the probability of Alkane Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alkane Resources' price. Additionally, you may evaluate how the addition of Alkane Resources to your portfolios can decrease your overall portfolio volatility.
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