Jericho Oil Corp Stock Probability of Future Stock Price Finishing Under 0.34
| JEV Stock | CAD 0.20 0.01 5.26% |
Jericho |
Jericho Oil Target Price Odds to finish below 0.34
The tendency of Jericho 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$ 0.34 after 90 days |
| 0.20 | 90 days | 0.34 | close to 99 |
Based on a normal probability distribution, the odds of Jericho Oil to stay under C$ 0.34 after 90 days from now is close to 99 (This Jericho Oil Corp probability density function shows the probability of Jericho Stock to fall within a particular range of prices over 90 days) . Probability of Jericho Oil Corp price to stay between its current price of C$ 0.20 and C$ 0.34 at the end of the 90-day period is about 50.0 .
Assuming the 90 days horizon Jericho Oil has a beta of 0.78. This indicates as returns on the market go up, Jericho Oil average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Jericho Oil Corp will be expected to be much smaller as well. Additionally Jericho Oil Corp has an alpha of 0.2171, implying that it can generate a 0.22 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Jericho Oil Price Density |
| Price |
Predictive Modules for Jericho Oil
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Jericho Oil 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 Jericho Oil'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.
Jericho Oil Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Jericho Oil is not an exception. The market had few large corrections towards the Jericho Oil'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 Jericho Oil Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Jericho Oil within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.22 | |
β | Beta against NYSE Composite | 0.78 | |
σ | Overall volatility | 0.02 | |
Ir | Information ratio | 0.03 |
Jericho Oil 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 Jericho Oil for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Jericho Oil 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.| Jericho Oil Corp had very high historical volatility over the last 90 days | |
| Jericho Oil Corp has some characteristics of a very speculative penny stock | |
| Jericho Oil Corp has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 28.3 K. Net Loss for the year was (4.44 M) with profit before overhead, payroll, taxes, and interest of 20.57 K. | |
| Jericho Oil Corp has accumulated about 1.66 M in cash with (3.26 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. | |
| Roughly 27.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Energy Co. Looks at Spinning Off Hydrogen From Oil Gas Interests - Streetwise Reports |
Jericho Oil 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 Jericho Stock often depends not only on the future outlook of the current and potential Jericho Oil'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. Jericho Oil's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 226.3 M |
Jericho Oil Technical Analysis
Jericho Oil's future price can be derived by breaking down and analyzing its technical indicators over time. Jericho Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Jericho Oil Corp. In general, you should focus on analyzing Jericho Stock price patterns and their correlations with different microeconomic environments and drivers.
Jericho Oil Predictive Forecast Models
Jericho Oil's time-series forecasting models is one of many Jericho Oil'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 Jericho Oil'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 Jericho Oil Corp
Checking the ongoing alerts about Jericho Oil for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Jericho Oil Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Jericho Oil Corp had very high historical volatility over the last 90 days | |
| Jericho Oil Corp has some characteristics of a very speculative penny stock | |
| Jericho Oil Corp has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 28.3 K. Net Loss for the year was (4.44 M) with profit before overhead, payroll, taxes, and interest of 20.57 K. | |
| Jericho Oil Corp has accumulated about 1.66 M in cash with (3.26 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. | |
| Roughly 27.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Energy Co. Looks at Spinning Off Hydrogen From Oil Gas Interests - Streetwise Reports |
Check out Jericho Oil Backtesting, Jericho Oil Valuation, Jericho Oil Correlation, Jericho Oil Hype Analysis, Jericho Oil Volatility, Jericho Oil History as well as Jericho Oil Performance. You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
Complementary Tools for Jericho Stock analysis
When running Jericho Oil's price analysis, check to measure Jericho Oil'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 Jericho Oil is operating at the current time. Most of Jericho Oil's value examination focuses on studying past and present price action to predict the probability of Jericho Oil's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Jericho Oil's price. Additionally, you may evaluate how the addition of Jericho Oil to your portfolios can decrease your overall portfolio volatility.
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