Monument Mining Limited Stock Probability of Future Pink Sheet Price Finishing Over 7.90
| MMTMF Stock | USD 0.12 0.04 25.00% |
Monument |
Monument Mining Target Price Odds to finish over 7.90
The tendency of Monument Pink Sheet 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 $ 7.90 or more in 90 days |
| 0.12 | 90 days | 7.90 | close to zero percent |
Based on a normal probability distribution, the odds of Monument Mining to move over $ 7.90 or more in 90 days from now is close to zero percent (This Monument Mining Limited probability density function shows the probability of Monument Pink Sheet to fall within a particular range of prices over 90 days) . Probability of Monument Mining price to stay between its current price of $ 0.12 and $ 7.90 at the end of the 90-day period is about 50.0 .
Assuming the 90 days horizon the pink sheet has the beta coefficient of 2.24 . 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, Monument Mining will likely underperform. Additionally Monument Mining Limited has an alpha of 0.5748, implying that it can generate a 0.57 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Monument Mining Price Density |
| Price |
Predictive Modules for Monument Mining
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Monument Mining. Regardless of method or technology, however, to accurately forecast the pink sheet market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the pink sheet 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 Monument Mining'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.
Monument Mining Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Monument Mining is not an exception. The market had few large corrections towards the Monument Mining'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 Monument Mining Limited, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Monument Mining within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.57 | |
β | Beta against NYSE Composite | 2.24 | |
σ | Overall volatility | 0.02 | |
Ir | Information ratio | 0.07 |
Monument Mining 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 Monument Mining for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Monument Mining can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Monument Mining is way too risky over 90 days horizon | |
| Monument Mining has some characteristics of a very speculative penny stock | |
| Monument Mining appears to be risky and price may revert if volatility continues | |
| Monument Mining has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 14.44 M. Net Loss for the year was (6.5 M) with profit before overhead, payroll, taxes, and interest of 629 K. | |
| Monument Mining Limited has accumulated about 21.04 M in cash with (4.55 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.06. | |
| Roughly 19.0% of the company outstanding shares are owned by corporate insiders |
Monument Mining 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 Monument Pink Sheet often depends not only on the future outlook of the current and potential Monument Mining'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. Monument Mining's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 326.8 M |
Monument Mining Technical Analysis
Monument Mining's future price can be derived by breaking down and analyzing its technical indicators over time. Monument Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Monument Mining Limited. In general, you should focus on analyzing Monument Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
Monument Mining Predictive Forecast Models
Monument Mining's time-series forecasting models is one of many Monument Mining's pink sheet 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 Monument Mining'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 pink sheet market movement and maximize returns from investment trading.
Things to note about Monument Mining
Checking the ongoing alerts about Monument Mining for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Monument Mining help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Monument Mining is way too risky over 90 days horizon | |
| Monument Mining has some characteristics of a very speculative penny stock | |
| Monument Mining appears to be risky and price may revert if volatility continues | |
| Monument Mining has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 14.44 M. Net Loss for the year was (6.5 M) with profit before overhead, payroll, taxes, and interest of 629 K. | |
| Monument Mining Limited has accumulated about 21.04 M in cash with (4.55 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.06. | |
| Roughly 19.0% of the company outstanding shares are owned by corporate insiders |
Check out Monument Mining Backtesting, Monument Mining Valuation, Monument Mining Correlation, Monument Mining Hype Analysis, Monument Mining Volatility, Monument Mining History as well as Monument Mining Performance. You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Complementary Tools for Monument Pink Sheet analysis
When running Monument Mining's price analysis, check to measure Monument Mining'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 Monument Mining is operating at the current time. Most of Monument Mining's value examination focuses on studying past and present price action to predict the probability of Monument Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Monument Mining's price. Additionally, you may evaluate how the addition of Monument Mining to your portfolios can decrease your overall portfolio volatility.
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