Orestone Mining Corp Stock Probability of Future Stock Price Finishing Under 0.00

ORS Stock  CAD 0.03  0.00  0.00%   
Orestone Mining's future price is the expected price of Orestone Mining instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of Orestone Mining Corp performance during a given time horizon utilizing its historical volatility. Check out Orestone Mining Backtesting, Orestone Mining Valuation, Orestone Mining Correlation, Orestone Mining Hype Analysis, Orestone Mining Volatility, Orestone Mining History as well as Orestone Mining Performance.
  
Price Earnings Ratio is likely to climb to 15.93 in 2024, whereas Price Book Value Ratio is likely to drop 0.46 in 2024. Please specify Orestone Mining's target price for which you would like Orestone Mining odds to be computed.

Orestone Mining Target Price Odds to finish below 0.00

The tendency of Orestone 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 PriceHorizonTarget PriceOdds to drop to C$ 0.00  or more in 90 days
 0.03 90 days 0.00 
near 1
Based on a normal probability distribution, the odds of Orestone Mining to drop to C$ 0.00  or more in 90 days from now is near 1 (This Orestone Mining Corp probability density function shows the probability of Orestone Stock to fall within a particular range of prices over 90 days) . Probability of Orestone Mining Corp price to stay between C$ 0.00  and its current price of C$0.03 at the end of the 90-day period is about 66.06 .
Assuming the 90 days horizon the stock has the beta coefficient of 1.22 . This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Orestone Mining will likely underperform. Additionally Orestone Mining Corp has an alpha of 0.0906, implying that it can generate a 0.0906 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
   Orestone Mining Price Density   
       Price  

Predictive Modules for Orestone Mining

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Orestone Mining Corp. 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 Orestone Mining'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.
Hype
Prediction
LowEstimatedHigh
0.000.037.72
Details
Intrinsic
Valuation
LowRealHigh
0.000.027.71
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Orestone Mining. Your research has to be compared to or analyzed against Orestone Mining's peers to derive any actionable benefits. When done correctly, Orestone Mining's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Orestone Mining Corp.

Orestone Mining Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. Orestone Mining is not an exception. The market had few large corrections towards the Orestone Mining'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 Orestone Mining Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Orestone Mining within the framework of very fundamental risk indicators.
α
Alpha over NYSE Composite
0.09
β
Beta against NYSE Composite1.22
σ
Overall volatility
0
Ir
Information ratio 0.02

Orestone Mining 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 Orestone Mining for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Orestone Mining Corp can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
Orestone Mining Corp had very high historical volatility over the last 90 days
Orestone Mining Corp has some characteristics of a very speculative penny stock
Orestone Mining Corp has a very high chance of going through financial distress in the upcoming years
Net Loss for the year was (219.46 K) with loss before overhead, payroll, taxes, and interest of (15.8 K).
Orestone Mining Corp has accumulated about 918 K in cash with (340.41 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.04, which can makes it an attractive takeover target, given it will continue generating positive cash flow.

Orestone Mining 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 Orestone Stock often depends not only on the future outlook of the current and potential Orestone Mining'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. Orestone Mining's indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding56.7 M

Orestone Mining Technical Analysis

Orestone Mining's future price can be derived by breaking down and analyzing its technical indicators over time. Orestone Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Orestone Mining Corp. In general, you should focus on analyzing Orestone Stock price patterns and their correlations with different microeconomic environments and drivers.

Orestone Mining Predictive Forecast Models

Orestone Mining's time-series forecasting models is one of many Orestone Mining'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 Orestone Mining'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 Orestone Mining Corp

Checking the ongoing alerts about Orestone Mining for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Orestone Mining Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Orestone Mining Corp had very high historical volatility over the last 90 days
Orestone Mining Corp has some characteristics of a very speculative penny stock
Orestone Mining Corp has a very high chance of going through financial distress in the upcoming years
Net Loss for the year was (219.46 K) with loss before overhead, payroll, taxes, and interest of (15.8 K).
Orestone Mining Corp has accumulated about 918 K in cash with (340.41 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.04, which can makes it an attractive takeover target, given it will continue generating positive cash flow.

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When running Orestone Mining's price analysis, check to measure Orestone Mining'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 Orestone Mining is operating at the current time. Most of Orestone Mining's value examination focuses on studying past and present price action to predict the probability of Orestone Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Orestone Mining's price. Additionally, you may evaluate how the addition of Orestone Mining to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Orestone Mining's value and its price as these two are different measures arrived at by different means. Investors typically determine if Orestone Mining is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Orestone Mining's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.