Integra Resources Corp Stock Probability of Future Stock Price Finishing Over 0.83
| ITRG Stock | USD 0.78 0.01 1.30% |
Integra |
Integra Resources Target Price Odds to finish over 0.83
The tendency of Integra 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 over $ 0.83 or more in 90 days |
| 0.78 | 90 days | 0.83 | about 20.23 |
Based on a normal probability distribution, the odds of Integra Resources to move over $ 0.83 or more in 90 days from now is about 20.23 (This Integra Resources Corp probability density function shows the probability of Integra Stock to fall within a particular range of prices over 90 days) . Probability of Integra Resources Corp price to stay between its current price of $ 0.78 and $ 0.83 at the end of the 90-day period is about 29.76 .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.96 . This usually 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, Integra Resources will likely underperform. Additionally Integra Resources Corp has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Integra Resources Price Density |
| Price |
Predictive Modules for Integra Resources
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Integra Resources Corp. 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 Integra Resources' 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.
Integra Resources Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Integra Resources is not an exception. The market had few large corrections towards the Integra Resources' 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 Integra Resources Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Integra Resources within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.15 | |
β | Beta against NYSE Composite | 1.96 | |
σ | Overall volatility | 0.06 | |
Ir | Information ratio | -0.02 |
Integra Resources 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 Integra Resources for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Integra Resources 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.| Integra Resources has some characteristics of a very speculative penny stock | |
| Integra Resources had very high historical volatility over the last 90 days | |
| Integra Resources has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (29.02 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Integra Resources Corp currently holds about 4.25 M in cash with (26.49 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.05. | |
| Integra Resources has a very weak financial position based on the latest SEC disclosures | |
| Roughly 18.0% of the company shares are held by company insiders | |
| Latest headline from zacks.com: Kronos Worldwide Earnings Sales Top Estimates in Q1 |
Integra Resources 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 Integra Stock often depends not only on the future outlook of the current and potential Integra Resources' 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. Integra Resources' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 68.9 M | |
| Cash And Short Term Investments | 8.8 M |
Integra Resources Technical Analysis
Integra Resources' future price can be derived by breaking down and analyzing its technical indicators over time. Integra Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Integra Resources Corp. In general, you should focus on analyzing Integra Stock price patterns and their correlations with different microeconomic environments and drivers.
Integra Resources Predictive Forecast Models
Integra Resources' time-series forecasting models is one of many Integra Resources' 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 Integra Resources' 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 Integra Resources Corp
Checking the ongoing alerts about Integra Resources for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Integra Resources Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Integra Resources has some characteristics of a very speculative penny stock | |
| Integra Resources had very high historical volatility over the last 90 days | |
| Integra Resources has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (29.02 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Integra Resources Corp currently holds about 4.25 M in cash with (26.49 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.05. | |
| Integra Resources has a very weak financial position based on the latest SEC disclosures | |
| Roughly 18.0% of the company shares are held by company insiders | |
| Latest headline from zacks.com: Kronos Worldwide Earnings Sales Top Estimates in Q1 |
Check out Integra Resources Backtesting, Integra Resources Valuation, Integra Resources Correlation, Integra Resources Hype Analysis, Integra Resources Volatility, Integra Resources History as well as Integra Resources Performance. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Integra Stock analysis
When running Integra Resources' price analysis, check to measure Integra Resources' 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 Integra Resources is operating at the current time. Most of Integra Resources' value examination focuses on studying past and present price action to predict the probability of Integra Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Integra Resources' price. Additionally, you may evaluate how the addition of Integra Resources to your portfolios can decrease your overall portfolio volatility.
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Is Integra Resources' 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 Integra Resources. If investors know Integra 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 Integra Resources listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.52) | Return On Assets (0.24) | Return On Equity (0.94) |
The market value of Integra Resources Corp is measured differently than its book value, which is the value of Integra that is recorded on the company's balance sheet. Investors also form their own opinion of Integra Resources' value that differs from its market value or its book value, called intrinsic value, which is Integra Resources' 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 Integra Resources' market value can be influenced by many factors that don't directly affect Integra Resources' 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 Integra Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Integra Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Integra Resources' 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.