Earthworks Industries Stock Probability of Future Stock Price Finishing Under 0.17
| EWK Stock | CAD 0.21 0.01 5.00% |
Earthworks |
Earthworks Industries Target Price Odds to finish below 0.17
The tendency of Earthworks 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 C$ 0.17 or more in 90 days |
| 0.21 | 90 days | 0.17 | roughly 2.96 |
Based on a normal probability distribution, the odds of Earthworks Industries to drop to C$ 0.17 or more in 90 days from now is roughly 2.96 (This Earthworks Industries probability density function shows the probability of Earthworks Stock to fall within a particular range of prices over 90 days) . Probability of Earthworks Industries price to stay between C$ 0.17 and its current price of C$0.21 at the end of the 90-day period is about 5.37 .
Assuming the 90 days horizon Earthworks Industries has a beta of 0.75 suggesting as returns on the market go up, Earthworks Industries average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Earthworks Industries will be expected to be much smaller as well. Additionally Earthworks Industries has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Earthworks Industries Price Density |
| Price |
Predictive Modules for Earthworks Industries
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Earthworks 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 Earthworks Industries' 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.
Earthworks Industries Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Earthworks Industries is not an exception. The market had few large corrections towards the Earthworks Industries' 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 Earthworks Industries, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Earthworks Industries within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.75 | |
β | Beta against NYSE Composite | 0.75 | |
σ | Overall volatility | 0.08 | |
Ir | Information ratio | -0.09 |
Earthworks Industries 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 Earthworks Industries for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Earthworks 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.| Earthworks Industries generated a negative expected return over the last 90 days | |
| Earthworks Industries has high historical volatility and very poor performance | |
| Earthworks Industries has some characteristics of a very speculative penny stock | |
| Earthworks Industries has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| The company has accumulated 295.39 K in total debt with debt to equity ratio (D/E) of 293.4, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Earthworks Industries has a current ratio of 0.1, 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 Earthworks Industries until it has trouble settling it off, either with new capital or with free cash flow. So, Earthworks Industries' 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 Earthworks Industries sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Earthworks to invest in growth at high rates of return. When we think about Earthworks Industries' use of debt, we should always consider it together with cash and equity. | |
| Earthworks Industries has accumulated about 120.29 K in cash with (1.26 M) of positive cash flow from operations. | |
| Roughly 24.0% of Earthworks Industries shares are held by company insiders | |
| Latest headline from news.google.com: EARTHWORKS AND NORTH BAY SIGN PAYMENT DATE EXTENSION - Canada NewsWire |
Earthworks Industries 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 Earthworks Stock often depends not only on the future outlook of the current and potential Earthworks Industries' 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. Earthworks Industries' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 110.1 M |
Earthworks Industries Technical Analysis
Earthworks Industries' future price can be derived by breaking down and analyzing its technical indicators over time. Earthworks Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Earthworks Industries. In general, you should focus on analyzing Earthworks Stock price patterns and their correlations with different microeconomic environments and drivers.
Earthworks Industries Predictive Forecast Models
Earthworks Industries' time-series forecasting models is one of many Earthworks Industries' 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 Earthworks Industries' 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 Earthworks Industries
Checking the ongoing alerts about Earthworks Industries for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Earthworks Industries help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Earthworks Industries generated a negative expected return over the last 90 days | |
| Earthworks Industries has high historical volatility and very poor performance | |
| Earthworks Industries has some characteristics of a very speculative penny stock | |
| Earthworks Industries has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| The company has accumulated 295.39 K in total debt with debt to equity ratio (D/E) of 293.4, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Earthworks Industries has a current ratio of 0.1, 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 Earthworks Industries until it has trouble settling it off, either with new capital or with free cash flow. So, Earthworks Industries' 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 Earthworks Industries sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Earthworks to invest in growth at high rates of return. When we think about Earthworks Industries' use of debt, we should always consider it together with cash and equity. | |
| Earthworks Industries has accumulated about 120.29 K in cash with (1.26 M) of positive cash flow from operations. | |
| Roughly 24.0% of Earthworks Industries shares are held by company insiders | |
| Latest headline from news.google.com: EARTHWORKS AND NORTH BAY SIGN PAYMENT DATE EXTENSION - Canada NewsWire |
Check out Earthworks Industries Backtesting, Earthworks Industries Valuation, Earthworks Industries Correlation, Earthworks Industries Hype Analysis, Earthworks Industries Volatility, Earthworks Industries History as well as Earthworks Industries Performance. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Complementary Tools for Earthworks Stock analysis
When running Earthworks Industries' price analysis, check to measure Earthworks Industries' 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 Earthworks Industries is operating at the current time. Most of Earthworks Industries' value examination focuses on studying past and present price action to predict the probability of Earthworks Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Earthworks Industries' price. Additionally, you may evaluate how the addition of Earthworks Industries to your portfolios can decrease your overall portfolio volatility.
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