Almaden Minerals Stock Probability of Future Stock Price Finishing Over 0.7412
Almaden Minerals' implied volatility is one of the determining factors in the pricing options written on Almaden Minerals. Implied volatility approximates the future value of Almaden Minerals based on the option's current value. Options with high implied volatility have higher premiums and can be used to hedge the downside of investing in Almaden Minerals over a specific time period. For example, 2024-04-19 PUT at $7.5 is a PUT option contract on Almaden Minerals' common stock with a strick price of 7.5 expiring on 2024-04-19. The contract was last traded on 2024-03-21 at 15:40:57 for $7.33 and, as of today, has 3 days remaining before the expiration. The option is currently trading at a bid price of $7.0, and an ask price of $7.4. The implied volatility as of the 16th of April 2024 is 1395.94. View All Almaden optionsAlmaden Minerals' future price is the expected price of Almaden Minerals instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of Almaden Minerals performance during a given time horizon utilizing its historical volatility. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
At this time, Almaden Minerals' Price To Sales Ratio is comparatively stable compared to the past year. Price Sales Ratio is likely to gain to 2,043 in 2024, whereas Price Earnings Ratio is likely to drop (0.43) in 2024. Please specify Almaden Minerals' target price for which you would like Almaden Minerals odds to be computed.
Closest to current price Almaden long PUT Option Payoff at Expiration
Almaden |
Almaden Minerals Target Price Odds to finish over 0.7412
The tendency of Almaden 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 $ 0.74 or more in 90 days |
| 0.00 | 90 days | 0.74 | close to zero percent |
Based on a normal probability distribution, the odds of Almaden Minerals to move over $ 0.74 or more in 90 days from now is close to zero percent (This Almaden Minerals probability density function shows the probability of Almaden Stock to fall within a particular range of prices over 90 days) . Probability of Almaden Minerals price to stay between its current price of $ 0.00 and $ 0.74 at the end of the 90-day period is close to 99 .
Considering the 90-day investment horizon Almaden Minerals has a beta of -0.31. This suggests as returns on the benchmark increase, returns on holding Almaden Minerals are expected to decrease at a much lower rate. During a bear market, however, Almaden Minerals is likely to outperform the market. Additionally Almaden Minerals has an alpha of 0.1228, implying that it can generate a 0.12 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Almaden Minerals Price Density |
| Price |
Predictive Modules for Almaden Minerals
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Almaden Minerals. 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 Almaden Minerals' 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.
Almaden Minerals Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Almaden Minerals is not an exception. The market had few large corrections towards the Almaden Minerals' 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 Almaden Minerals, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Almaden Minerals within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.12 | |
β | Beta against NYSE Composite | -0.31 | |
σ | Overall volatility | 0 | |
Ir | Information ratio | 0.03 |
Almaden Minerals 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 Almaden Minerals for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Almaden Minerals can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Almaden Minerals is not yet fully synchronised with the market data | |
| Almaden Minerals generated a negative expected return over the last 90 days | |
| Almaden Minerals has high historical volatility and very poor performance | |
| Almaden Minerals has some characteristics of a very speculative penny stock | |
| Almaden Minerals has a very high chance of going through financial distress in the upcoming years | |
| Reported Net Loss for the year was (63.62 M) with profit before taxes, overhead, and interest of 0. | |
| Almaden Minerals has about 8.09 M in cash with (1.48 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.06. | |
| Almaden Minerals has a frail financial position based on the latest SEC disclosures | |
| Latest headline from news.google.com: Almaden Minerals Stock Price Passes Above 200 Day Moving Average of 0.19 - Defense World |
Almaden Minerals 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 Almaden Stock often depends not only on the future outlook of the current and potential Almaden Minerals' 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. Almaden Minerals' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 137.2 M | |
| Cash And Short Term Investments | 4.2 M |
Almaden Minerals Technical Analysis
Almaden Minerals' future price can be derived by breaking down and analyzing its technical indicators over time. Almaden Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Almaden Minerals. In general, you should focus on analyzing Almaden Stock price patterns and their correlations with different microeconomic environments and drivers.
Almaden Minerals Predictive Forecast Models
Almaden Minerals' time-series forecasting models is one of many Almaden Minerals' 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 Almaden Minerals' 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 Almaden Minerals
Checking the ongoing alerts about Almaden Minerals for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Almaden Minerals help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Almaden Minerals is not yet fully synchronised with the market data | |
| Almaden Minerals generated a negative expected return over the last 90 days | |
| Almaden Minerals has high historical volatility and very poor performance | |
| Almaden Minerals has some characteristics of a very speculative penny stock | |
| Almaden Minerals has a very high chance of going through financial distress in the upcoming years | |
| Reported Net Loss for the year was (63.62 M) with profit before taxes, overhead, and interest of 0. | |
| Almaden Minerals has about 8.09 M in cash with (1.48 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.06. | |
| Almaden Minerals has a frail financial position based on the latest SEC disclosures | |
| Latest headline from news.google.com: Almaden Minerals Stock Price Passes Above 200 Day Moving Average of 0.19 - Defense World |
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the Almaden Minerals information on this page should be used as a complementary analysis to other Almaden Minerals' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the AI Investment Finder module to use AI to screen and filter profitable investment opportunities.
Complementary Tools for Almaden Stock analysis
When running Almaden Minerals' price analysis, check to measure Almaden Minerals' 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 Almaden Minerals is operating at the current time. Most of Almaden Minerals' value examination focuses on studying past and present price action to predict the probability of Almaden Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Almaden Minerals' price. Additionally, you may evaluate how the addition of Almaden Minerals to your portfolios can decrease your overall portfolio volatility.
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Is Almaden Minerals' 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 Almaden Minerals. If investors know Almaden 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 Almaden Minerals listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.07) | Return On Assets (0.94) | Return On Equity (1.66) |
The market value of Almaden Minerals is measured differently than its book value, which is the value of Almaden that is recorded on the company's balance sheet. Investors also form their own opinion of Almaden Minerals' value that differs from its market value or its book value, called intrinsic value, which is Almaden Minerals' 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 Almaden Minerals' market value can be influenced by many factors that don't directly affect Almaden Minerals' 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 Almaden Minerals' value and its price as these two are different measures arrived at by different means. Investors typically determine if Almaden Minerals is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Almaden Minerals' 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.