Eastfield Resources Stock Probability of Future Pink Sheet Price Finishing Over 0.0147
| ETFLF Stock | USD 0.01 0.01 26.87% |
Eastfield |
Eastfield Resources Target Price Odds to finish over 0.0147
The tendency of Eastfield 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 move above the current price in 90 days |
| 0.01 | 90 days | 0.01 | about 97.0 |
Based on a normal probability distribution, the odds of Eastfield Resources to move above the current price in 90 days from now is about 97.0 (This Eastfield Resources probability density function shows the probability of Eastfield Pink Sheet to fall within a particular range of prices over 90 days) .
Assuming the 90 days horizon the pink sheet has the beta coefficient of 2.54 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, Eastfield Resources will likely underperform. Additionally Eastfield Resources has an alpha of 0.3156, implying that it can generate a 0.32 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Eastfield Resources Price Density |
| Price |
Predictive Modules for Eastfield 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 Eastfield 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 Eastfield 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.
Eastfield Resources Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Eastfield Resources is not an exception. The market had few large corrections towards the Eastfield 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 Eastfield Resources, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Eastfield Resources within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.32 | |
β | Beta against NYSE Composite | 2.54 | |
σ | Overall volatility | 0 | |
Ir | Information ratio | 0.04 |
Eastfield 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 Eastfield Resources for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Eastfield 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.| Eastfield Resources had very high historical volatility over the last 90 days | |
| Eastfield Resources has some characteristics of a very speculative penny stock | |
| The company has accumulated 349.94 K in total debt with debt to equity ratio (D/E) of 0.11, which may suggest the company is not taking enough advantage from borrowing. Eastfield Resources has a current ratio of 0.43, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Eastfield Resources until it has trouble settling it off, either with new capital or with free cash flow. So, Eastfield Resources' 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 Eastfield Resources sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Eastfield to invest in growth at high rates of return. When we think about Eastfield Resources' use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (640.6 K) with profit before overhead, payroll, taxes, and interest of 0. | |
| Eastfield Resources has accumulated about 68.65 K in cash with (127.22 K) of positive cash flow from operations. |
Eastfield 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 Eastfield Pink Sheet often depends not only on the future outlook of the current and potential Eastfield 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. Eastfield Resources' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 51.1 M |
Eastfield Resources Technical Analysis
Eastfield Resources' future price can be derived by breaking down and analyzing its technical indicators over time. Eastfield Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Eastfield Resources. In general, you should focus on analyzing Eastfield Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
Eastfield Resources Predictive Forecast Models
Eastfield Resources' time-series forecasting models is one of many Eastfield 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 Eastfield 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 Eastfield Resources
Checking the ongoing alerts about Eastfield Resources for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Eastfield Resources help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Eastfield Resources had very high historical volatility over the last 90 days | |
| Eastfield Resources has some characteristics of a very speculative penny stock | |
| The company has accumulated 349.94 K in total debt with debt to equity ratio (D/E) of 0.11, which may suggest the company is not taking enough advantage from borrowing. Eastfield Resources has a current ratio of 0.43, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Eastfield Resources until it has trouble settling it off, either with new capital or with free cash flow. So, Eastfield Resources' 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 Eastfield Resources sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Eastfield to invest in growth at high rates of return. When we think about Eastfield Resources' use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (640.6 K) with profit before overhead, payroll, taxes, and interest of 0. | |
| Eastfield Resources has accumulated about 68.65 K in cash with (127.22 K) of positive cash flow from operations. |
Check out Eastfield Resources Backtesting, Eastfield Resources Valuation, Eastfield Resources Correlation, Eastfield Resources Hype Analysis, Eastfield Resources Volatility, Eastfield Resources History as well as Eastfield Resources Performance. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Complementary Tools for Eastfield Pink Sheet analysis
When running Eastfield Resources' price analysis, check to measure Eastfield 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 Eastfield Resources is operating at the current time. Most of Eastfield Resources' value examination focuses on studying past and present price action to predict the probability of Eastfield Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eastfield Resources' price. Additionally, you may evaluate how the addition of Eastfield Resources to your portfolios can decrease your overall portfolio volatility.
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