Omni Lite Industries Canada Stock Probability of Future Stock Price Finishing Under 1.67
| OML Stock | CAD 0.86 0.01 1.18% |
Omni |
Omni Lite Target Price Odds to finish below 1.67
The tendency of Omni 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 under C$ 1.67 after 90 days |
| 0.86 | 90 days | 1.67 | close to 99 |
Based on a normal probability distribution, the odds of Omni Lite to stay under C$ 1.67 after 90 days from now is close to 99 (This Omni Lite Industries Canada probability density function shows the probability of Omni Stock to fall within a particular range of prices over 90 days) . Probability of Omni Lite Industries price to stay between its current price of C$ 0.86 and C$ 1.67 at the end of the 90-day period is near 1 .
Assuming the 90 days horizon Omni Lite Industries Canada has a beta of -0.33. This indicates as returns on the benchmark increase, returns on holding Omni Lite are expected to decrease at a much lower rate. During a bear market, however, Omni Lite Industries Canada is likely to outperform the market. Additionally Omni Lite Industries Canada has an alpha of 0.4892, implying that it can generate a 0.49 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Omni Lite Price Density |
| Price |
Predictive Modules for Omni Lite
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Omni Lite Industries. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Omni Lite's 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.
Omni Lite Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Omni Lite is not an exception. The market had few large corrections towards the Omni Lite'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 Omni Lite Industries Canada, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Omni Lite within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.49 | |
β | Beta against NYSE Composite | -0.33 | |
σ | Overall volatility | 0.05 | |
Ir | Information ratio | 0.12 |
Omni Lite 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 Omni Lite for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Omni Lite Industries can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Omni Lite Industries has some characteristics of a very speculative penny stock | |
| Omni Lite Industries had very high historical volatility over the last 90 days | |
| The company reported the revenue of 12.21 M. Net Loss for the year was (1.4 M) with profit before overhead, payroll, taxes, and interest of 20.19 K. | |
| Latest headline from news.google.com: Closing Bell Omni-Lite Industries Canada Inc down on Monday - The Globe and Mail |
Omni Lite 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 Omni Stock often depends not only on the future outlook of the current and potential Omni Lite'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. Omni Lite's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 15.4 M |
Omni Lite Technical Analysis
Omni Lite's future price can be derived by breaking down and analyzing its technical indicators over time. Omni Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Omni Lite Industries Canada. In general, you should focus on analyzing Omni Stock price patterns and their correlations with different microeconomic environments and drivers.
Omni Lite Predictive Forecast Models
Omni Lite's time-series forecasting models is one of many Omni Lite'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 Omni Lite'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 Omni Lite Industries
Checking the ongoing alerts about Omni Lite for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Omni Lite Industries help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Omni Lite Industries has some characteristics of a very speculative penny stock | |
| Omni Lite Industries had very high historical volatility over the last 90 days | |
| The company reported the revenue of 12.21 M. Net Loss for the year was (1.4 M) with profit before overhead, payroll, taxes, and interest of 20.19 K. | |
| Latest headline from news.google.com: Closing Bell Omni-Lite Industries Canada Inc down on Monday - The Globe and Mail |
Check out Omni Lite Backtesting, Omni Lite Valuation, Omni Lite Correlation, Omni Lite Hype Analysis, Omni Lite Volatility, Omni Lite History as well as Omni Lite Performance. You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
Complementary Tools for Omni Stock analysis
When running Omni Lite's price analysis, check to measure Omni Lite'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 Omni Lite is operating at the current time. Most of Omni Lite's value examination focuses on studying past and present price action to predict the probability of Omni Lite's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Omni Lite's price. Additionally, you may evaluate how the addition of Omni Lite to your portfolios can decrease your overall portfolio volatility.
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