GREY:EORBF - Post by User
Post by
houstockon Aug 14, 2014 7:28pm
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Post# 22844263
Orbite probability of target price C$0.516 in short term
Orbite probability of target price C$0.516 in short term | Current Price | Horizon | Target Price | Above Odds | Below Odds | | 0.43 | 30 days | 0.516 | about 34.46% | about 65.38% | Based on normal probability distribution, the odds of Orbite to move over C$0.516 or more in 30 days from now is about 34.46%. Probability of Orbite Aluminae Inc price to stay between its current price of C$0.43 and C$0.516 at the end of the 30-day period is about 61.53% Assuming 30 trading days horizon, Orbite Aluminae Inc has beta of -1.6505 . This implies as returns on its benchmark rise, returns on holding Orbite Aluminae Inc are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Orbite is expected to outperform its benchmark. Additionally Orbite Aluminae Inc has a negative alpha implying that the risk taken by holding this equity is not justified. |