Orex Minerals Stock Probability of Future Stock Price Finishing Over 0.2
| REX Stock | CAD 0.20 0.01 5.26% |
Orex |
Orex Minerals Target Price Odds to finish over 0.2
The tendency of Orex 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 move above the current price in 90 days |
| 0.20 | 90 days | 0.20 | about 15.44 |
Based on a normal probability distribution, the odds of Orex Minerals to move above the current price in 90 days from now is about 15.44 (This Orex Minerals probability density function shows the probability of Orex Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days horizon Orex Minerals has a beta of 0.95 indicating Orex Minerals market returns are correlated to returns on the market. As the market goes up or down, Orex Minerals is expected to follow. Additionally Orex Minerals has an alpha of 0.8498, implying that it can generate a 0.85 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Orex Minerals Price Density |
| Price |
Predictive Modules for Orex Minerals
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Orex Minerals. 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 Orex Minerals' 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.
Orex Minerals Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Orex Minerals is not an exception. The market had few large corrections towards the Orex Minerals' 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 Orex Minerals, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Orex Minerals within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.85 | |
β | Beta against NYSE Composite | 0.95 | |
σ | Overall volatility | 0.04 | |
Ir | Information ratio | 0.08 |
Orex Minerals 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 Orex Minerals for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Orex Minerals can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Orex Minerals is way too risky over 90 days horizon | |
| Orex Minerals has some characteristics of a very speculative penny stock | |
| Orex Minerals appears to be risky and price may revert if volatility continues | |
| Orex Minerals has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (2.33 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Orex Minerals has accumulated about 1.55 M in cash with (1.76 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. | |
| Roughly 20.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Closing Bell Orex Minerals Inc down on Monday - The Globe and Mail |
Orex Minerals 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 Orex Stock often depends not only on the future outlook of the current and potential Orex Minerals' 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. Orex Minerals' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 18.7 M | |
| Cash And Short Term Investments | 1.1 M | |
| Shares Float | 15.7 M |
Orex Minerals Technical Analysis
Orex Minerals' future price can be derived by breaking down and analyzing its technical indicators over time. Orex Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Orex Minerals. In general, you should focus on analyzing Orex Stock price patterns and their correlations with different microeconomic environments and drivers.
Orex Minerals Predictive Forecast Models
Orex Minerals' time-series forecasting models is one of many Orex Minerals' 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 Orex Minerals' 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 Orex Minerals
Checking the ongoing alerts about Orex Minerals for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Orex Minerals help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Orex Minerals is way too risky over 90 days horizon | |
| Orex Minerals has some characteristics of a very speculative penny stock | |
| Orex Minerals appears to be risky and price may revert if volatility continues | |
| Orex Minerals has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (2.33 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Orex Minerals has accumulated about 1.55 M in cash with (1.76 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. | |
| Roughly 20.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Closing Bell Orex Minerals Inc down on Monday - The Globe and Mail |
Check out Orex Minerals Backtesting, Orex Minerals Valuation, Orex Minerals Correlation, Orex Minerals Hype Analysis, Orex Minerals Volatility, Orex Minerals History as well as Orex Minerals Performance. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Complementary Tools for Orex Stock analysis
When running Orex Minerals' price analysis, check to measure Orex Minerals' 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 Orex Minerals is operating at the current time. Most of Orex Minerals' value examination focuses on studying past and present price action to predict the probability of Orex Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Orex Minerals' price. Additionally, you may evaluate how the addition of Orex Minerals to your portfolios can decrease your overall portfolio volatility.
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