Code Chain New Probability of Future Stock Price Finishing Under 2.71
| CCNCDelisted Stock | USD 3.91 0.06 1.56% |
Code |
Code Chain Target Price Odds to finish below 2.71
The tendency of Code 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 drop to $ 2.71 or more in 90 days |
| 3.91 | 90 days | 2.71 | about 32.21 |
Based on a normal probability distribution, the odds of Code Chain to drop to $ 2.71 or more in 90 days from now is about 32.21 (This Code Chain New probability density function shows the probability of Code Stock to fall within a particular range of prices over 90 days) . Probability of Code Chain New price to stay between $ 2.71 and its current price of $3.91 at the end of the 90-day period is about 49.82 .
Given the investment horizon of 90 days the stock has the beta coefficient of 2.43 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Code Chain will likely underperform. Additionally Code Chain New has an alpha of 0.4076, implying that it can generate a 0.41 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Code Chain Price Density |
| Price |
Predictive Modules for Code Chain
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Code Chain New. 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 Code Chain'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.
Code Chain Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Code Chain is not an exception. The market had few large corrections towards the Code Chain'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 Code Chain New, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Code Chain within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.41 | |
β | Beta against NYSE Composite | 2.43 | |
σ | Overall volatility | 0.87 | |
Ir | Information ratio | 0.05 |
Code Chain 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 Code Chain for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Code Chain New can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Code Chain New is not yet fully synchronised with the market data | |
| Code Chain New has a very high chance of going through financial distress in the upcoming years | |
| The company currently holds 12.63 K in liabilities with Debt to Equity (D/E) ratio of 0.0, which may suggest the company is not taking enough advantage from borrowing. Code Chain New has a current ratio of 0.96, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Code Chain until it has trouble settling it off, either with new capital or with free cash flow. So, Code Chain'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 Code Chain New sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Code to invest in growth at high rates of return. When we think about Code Chain's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the previous year's revenue of 25.03 M. Net Loss for the year was (26.97 M) with profit before overhead, payroll, taxes, and interest of 8.25 M. | |
| Code Chain New currently holds about 13.28 M in cash with (5.51 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.29. | |
| Roughly 47.0% of Code Chain shares are held by company insiders |
Code Chain 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 Code Stock often depends not only on the future outlook of the current and potential Code Chain'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. Code Chain's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 1.3 M | |
| Cash And Short Term Investments | 14.6 M |
Code Chain Technical Analysis
Code Chain's future price can be derived by breaking down and analyzing its technical indicators over time. Code Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Code Chain New. In general, you should focus on analyzing Code Stock price patterns and their correlations with different microeconomic environments and drivers.
Code Chain Predictive Forecast Models
Code Chain's time-series forecasting models is one of many Code Chain'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 Code Chain'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 Code Chain New
Checking the ongoing alerts about Code Chain for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Code Chain New help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Code Chain New is not yet fully synchronised with the market data | |
| Code Chain New has a very high chance of going through financial distress in the upcoming years | |
| The company currently holds 12.63 K in liabilities with Debt to Equity (D/E) ratio of 0.0, which may suggest the company is not taking enough advantage from borrowing. Code Chain New has a current ratio of 0.96, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Code Chain until it has trouble settling it off, either with new capital or with free cash flow. So, Code Chain'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 Code Chain New sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Code to invest in growth at high rates of return. When we think about Code Chain's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the previous year's revenue of 25.03 M. Net Loss for the year was (26.97 M) with profit before overhead, payroll, taxes, and interest of 8.25 M. | |
| Code Chain New currently holds about 13.28 M in cash with (5.51 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.29. | |
| Roughly 47.0% of Code Chain shares are held by company insiders |
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
Other Consideration for investing in Code Stock
If you are still planning to invest in Code Chain New check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Code Chain's history and understand the potential risks before investing.
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