Geodrill Limited Stock Odds of Future Stock Price Finishing Over 1.77
| GEO Stock | CAD 2.15 0.04 1.90% |
Geodrill |
Geodrill Target Price Odds to finish over 1.77
The tendency of Geodrill 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 stay above C$ 1.77 in 90 days |
| 2.15 | 90 days | 1.77 | about 61.79 |
Based on a normal probability distribution, the odds of Geodrill to stay above C$ 1.77 in 90 days from now is about 61.79 (This Geodrill Limited probability density function shows the probability of Geodrill Stock to fall within a particular range of prices over 90 days) . Probability of Geodrill Limited price to stay between C$ 1.77 and its current price of C$2.15 at the end of the 90-day period is about 56.31 .
Assuming the 90 days trading horizon Geodrill Limited has a beta of -0.36. This usually indicates as returns on the benchmark increase, returns on holding Geodrill are expected to decrease at a much lower rate. During a bear market, however, Geodrill Limited is likely to outperform the market. Additionally Geodrill Limited has an alpha of 0.3672, implying that it can generate a 0.37 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Geodrill Price Density |
| Price |
Predictive Modules for Geodrill
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Geodrill Limited. 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 Geodrill'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.
Geodrill Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Geodrill is not an exception. The market had few large corrections towards the Geodrill'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 Geodrill Limited, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Geodrill within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.37 | |
β | Beta against NYSE Composite | -0.36 | |
σ | Overall volatility | 0.20 | |
Ir | Information ratio | 0.10 |
Geodrill 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 Geodrill for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Geodrill Limited can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| About 41.0% of the company shares are held by company insiders |
Geodrill 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 Geodrill Stock often depends not only on the future outlook of the current and potential Geodrill'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. Geodrill's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 46.9 M |
Geodrill Technical Analysis
Geodrill's future price can be derived by breaking down and analyzing its technical indicators over time. Geodrill Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Geodrill Limited. In general, you should focus on analyzing Geodrill Stock price patterns and their correlations with different microeconomic environments and drivers.
Geodrill Predictive Forecast Models
Geodrill's time-series forecasting models is one of many Geodrill'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 Geodrill'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 Geodrill Limited
Checking the ongoing alerts about Geodrill for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Geodrill Limited help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| About 41.0% of the company shares are held by company insiders |
Check out Geodrill Backtesting, Geodrill Valuation, Geodrill Correlation, Geodrill Hype Analysis, Geodrill Volatility, Geodrill History as well as Geodrill Performance. You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
Complementary Tools for Geodrill Stock analysis
When running Geodrill's price analysis, check to measure Geodrill'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 Geodrill is operating at the current time. Most of Geodrill's value examination focuses on studying past and present price action to predict the probability of Geodrill's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Geodrill's price. Additionally, you may evaluate how the addition of Geodrill to your portfolios can decrease your overall portfolio volatility.
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