Ofal Stock Chance of Future Stock Price Finishing Over 1.48
| OFAL Stock | 1.48 0.02 1.33% |
OFAL Target Price Odds to finish over 1.48
The tendency of OFAL 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 |
| 1.48 | 90 days | 1.48 | about 75.7 |
Based on a normal probability distribution, the odds of OFAL to move above the current price in 90 days from now is about 75.7 (This OFAL probability density function shows the probability of OFAL Stock to fall within a particular range of prices over 90 days) .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.68 . This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, OFAL will likely underperform. Additionally OFAL has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. OFAL Price Density |
| Price |
Predictive Modules for OFAL
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as OFAL. 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.OFAL Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. OFAL is not an exception. The market had few large corrections towards the OFAL'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 OFAL, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of OFAL within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -1.16 | |
β | Beta against Dow Jones | 1.68 | |
σ | Overall volatility | 1.22 | |
Ir | Information ratio | -0.08 |
OFAL 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 OFAL for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for OFAL can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| OFAL generated a negative expected return over the last 90 days | |
| OFAL has high historical volatility and very poor performance | |
| OFAL may become a speculative penny stock | |
| OFAL has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the previous year's revenue of 202.01 K. Net Loss for the year was (714.68 K) with profit before overhead, payroll, taxes, and interest of 179.4 K. | |
| OFAL generates negative cash flow from operations | |
| About 62.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from finance.yahoo.com: OFA Group Launches Digital Asset Strategy to Transform Senior Housing and Mortgage Transactions |
OFAL 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 OFAL Stock often depends not only on the future outlook of the current and potential OFAL'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. OFAL's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 13.4 M |
OFAL Technical Analysis
OFAL's future price can be derived by breaking down and analyzing its technical indicators over time. OFAL Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of OFAL. In general, you should focus on analyzing OFAL Stock price patterns and their correlations with different microeconomic environments and drivers.
OFAL Predictive Forecast Models
OFAL's time-series forecasting models is one of many OFAL'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 OFAL'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 OFAL
Checking the ongoing alerts about OFAL for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for OFAL help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| OFAL generated a negative expected return over the last 90 days | |
| OFAL has high historical volatility and very poor performance | |
| OFAL may become a speculative penny stock | |
| OFAL has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the previous year's revenue of 202.01 K. Net Loss for the year was (714.68 K) with profit before overhead, payroll, taxes, and interest of 179.4 K. | |
| OFAL generates negative cash flow from operations | |
| About 62.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from finance.yahoo.com: OFA Group Launches Digital Asset Strategy to Transform Senior Housing and Mortgage Transactions |
Check out OFAL Backtesting, OFAL Valuation, OFAL Correlation, OFAL Hype Analysis, OFAL Volatility, OFAL History as well as OFAL Performance. For more information on how to buy OFAL Stock please use our How to buy in OFAL Stock guide.You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
Is Research & Consulting Services space 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 OFAL. If investors know OFAL 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 OFAL 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 OFAL is measured differently than its book value, which is the value of OFAL that is recorded on the company's balance sheet. Investors also form their own opinion of OFAL's value that differs from its market value or its book value, called intrinsic value, which is OFAL'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 OFAL's market value can be influenced by many factors that don't directly affect OFAL'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 OFAL's value and its price as these two are different measures arrived at by different means. Investors typically determine if OFAL is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, OFAL'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.