CORNISH METALS (Germany) Probability of Future Stock Price Finishing Over 0.086
| ZYR1 Stock | EUR 0.09 0.01 7.50% |
CORNISH |
CORNISH METALS Target Price Odds to finish over 0.086
The tendency of CORNISH 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 |
| 0.09 | 90 days | 0.09 | about 5.57 |
Based on a normal probability distribution, the odds of CORNISH METALS to move above the current price in 90 days from now is about 5.57 (This CORNISH METALS INC probability density function shows the probability of CORNISH Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon CORNISH METALS INC has a beta of -0.0295. This usually means as returns on the benchmark increase, returns on holding CORNISH METALS are expected to decrease at a much lower rate. During a bear market, however, CORNISH METALS INC is likely to outperform the market. Additionally CORNISH METALS INC has an alpha of 0.2074, implying that it can generate a 0.21 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). CORNISH METALS Price Density |
| Price |
Predictive Modules for CORNISH METALS
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as CORNISH METALS INC. 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.CORNISH METALS Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. CORNISH METALS is not an exception. The market had few large corrections towards the CORNISH METALS'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 CORNISH METALS INC, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of CORNISH METALS within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.21 | |
β | Beta against Dow Jones | -0.03 | |
σ | Overall volatility | 0 | |
Ir | Information ratio | 0.02 |
CORNISH METALS 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 CORNISH METALS for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for CORNISH METALS INC can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| CORNISH METALS INC has some characteristics of a very speculative penny stock | |
| CORNISH METALS INC had very high historical volatility over the last 90 days | |
| CORNISH METALS INC has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (2.5 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| CORNISH METALS INC has accumulated about 12.52 M in cash with (1.88 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.05. | |
| Roughly 41.0% of the company outstanding shares are owned by insiders |
CORNISH METALS Technical Analysis
CORNISH METALS's future price can be derived by breaking down and analyzing its technical indicators over time. CORNISH Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of CORNISH METALS INC. In general, you should focus on analyzing CORNISH Stock price patterns and their correlations with different microeconomic environments and drivers.
CORNISH METALS Predictive Forecast Models
CORNISH METALS's time-series forecasting models is one of many CORNISH METALS'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 CORNISH METALS'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 CORNISH METALS INC
Checking the ongoing alerts about CORNISH METALS for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for CORNISH METALS INC help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| CORNISH METALS INC has some characteristics of a very speculative penny stock | |
| CORNISH METALS INC had very high historical volatility over the last 90 days | |
| CORNISH METALS INC has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (2.5 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| CORNISH METALS INC has accumulated about 12.52 M in cash with (1.88 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.05. | |
| Roughly 41.0% of the company outstanding shares are owned by insiders |
Other Information on Investing in CORNISH Stock
CORNISH METALS financial ratios help investors to determine whether CORNISH Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in CORNISH with respect to the benefits of owning CORNISH METALS security.