Oceanagold OTC Stock Probability of Future OTC Stock Price Finishing Over 1.68

OCANF
 Stock
  

USD 1.68  0.05  3.07%   

Oceanagold Corp's future price is the expected price of Oceanagold Corp instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of Oceanagold Corp performance during a given time horizon utilizing its historical volatility.
  
Please check Oceanagold Corp Backtesting, Oceanagold Corp Valuation, Oceanagold Corp Correlation, Oceanagold Corp Hype Analysis, Oceanagold Corp Volatility, Oceanagold Corp History as well as Oceanagold Corp Performance. Please specify Oceanagold Corp time horizon, a valid symbol (red box) and a target price (blue box) you would like Oceanagold Corp odds to be computed.

Oceanagold Corp Target Price Odds to finish over 1.68

The tendency of Oceanagold OTC 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 PriceHorizonTarget PriceOdds to move above the current price in 90 days
 1.68 90 days 1.68 
about 45.03
Based on a normal probability distribution, the odds of Oceanagold Corp to move above the current price in 90 days from now is about 45.03 (This Oceanagold Corp probability density function shows the probability of Oceanagold OTC Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days horizon Oceanagold Corp has a beta of 0.44. This indicates as returns on the market go up, Oceanagold Corp average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Oceanagold Corp will be expected to be much smaller as well. Additionally The company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Oceanagold Corp is significantly underperforming DOW.
   Oceanagold Corp Price Density   
       Price  

Predictive Modules for Oceanagold Corp

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Oceanagold Corp. Regardless of method or technology, however, to accurately forecast the stock or bond 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, frequently view the market will even out over time. This tendency of Oceanagold Corp'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. Please use the tools below to analyze the current value of Oceanagold Corp in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
0.081.685.50
Details
Intrinsic
Valuation
LowReal ValueHigh
0.071.405.22
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Oceanagold Corp. Your research has to be compared to or analyzed against Oceanagold Corp's peers to derive any actionable benefits. When done correctly, Oceanagold Corp's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Oceanagold Corp.

Oceanagold Corp Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. Oceanagold Corp is not an exception. The market had few large corrections towards the Oceanagold Corp'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 Oceanagold Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Oceanagold Corp within the framework of very fundamental risk indicators.
α
Alpha over DOW
-0.07
β
Beta against DOW0.44
σ
Overall volatility
0.16
Ir
Information ratio -0.01

Oceanagold Corp 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 Oceanagold Corp for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Oceanagold 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.
Oceanagold Corp generated a negative expected return over the last 90 days
Oceanagold Corp may become a speculative penny stock
Oceanagold Corp has high historical volatility and very poor performance

Oceanagold Corp 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 Oceanagold OTC Stock often depends not only on the future outlook of the current and potential Oceanagold Corp'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. Oceanagold Corp's indicators that are reflective of the short sentiment are summarized in the table below.
Float Shares702.13M
Average Daily Volume Last 10 Day33.52k
Average Daily Volume In Three Month36.11k

Oceanagold Corp Technical Analysis

Oceanagold Corp's future price can be derived by breaking down and analyzing its technical indicators over time. Oceanagold OTC Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Oceanagold Corp. In general, you should focus on analyzing Oceanagold OTC Stock price patterns and their correlations with different microeconomic environments and drivers.

Oceanagold Corp Predictive Forecast Models

Oceanagold Corp time-series forecasting models is one of many Oceanagold Corp's otc stock analysis techniquest aimed to predict future share value based on previously observed values. Time-series forecasting models ae 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. These non-stationary Oceanagold Corp'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 otc stock market movement and maximize returns from investment trading.

Things to note about Oceanagold Corp

Checking the ongoing alerts about Oceanagold Corp for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Oceanagold Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Oceanagold Corp generated a negative expected return over the last 90 days
Oceanagold Corp may become a speculative penny stock
Oceanagold Corp has high historical volatility and very poor performance
Please check Oceanagold Corp Backtesting, Oceanagold Corp Valuation, Oceanagold Corp Correlation, Oceanagold Corp Hype Analysis, Oceanagold Corp Volatility, Oceanagold Corp History as well as Oceanagold Corp Performance. You can also try Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.

Complementary Tools for analysis

When running Oceanagold Corp price analysis, check to measure Oceanagold Corp'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 Oceanagold Corp is operating at the current time. Most of Oceanagold Corp's value examination focuses on studying past and present price action to predict the probability of Oceanagold Corp's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Oceanagold Corp's price. Additionally, you may evaluate how the addition of Oceanagold Corp to your portfolios can decrease your overall portfolio volatility.
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Is Oceanagold Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Oceanagold Corp. If investors know Oceanagold will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Oceanagold Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Oceanagold Corp is measured differently than its book value, which is the value of Oceanagold that is recorded on the company's balance sheet. Investors also form their own opinion of Oceanagold Corp's value that differs from its market value or its book value, called intrinsic value, which is Oceanagold Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Oceanagold Corp's market value can be influenced by many factors that don't directly affect Oceanagold Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Oceanagold Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine Oceanagold Corp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Oceanagold Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.