ROXGOLD INC Probability of Target Price Finishing Above 0.905

ROGFF -- USA Stock  

USD 0.66  0.05  7.46%

ROXGOLD INC probability of target price tool provides mechanism to make assumptions about upside and downside potential of ROXGOLD INC performance during a given time horizon utilizing its historical volatility. Please specify ROXGOLD INC time horizon, a valid symbol (red box) and a target price (blue box) you would like ROXGOLD INC odds to be computed. Additionally take a look at ROXGOLD INC Backtesting, ROXGOLD INC Valuation, ROXGOLD INC Correlation, ROXGOLD INC Hype Analysis, ROXGOLD INC Volatility, ROXGOLD INC History as well as ROXGOLD INC Performance.
Horizon     30 Days    Login   to change
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ROXGOLD INC Target Price Odds to finish below 0.905

Current PriceHorizonTarget PriceOdds to stay under $ 0.91  after 30 days
 0.66 30 days 0.91 
about 60.32
Based on normal probability distribution, the odds of ROXGOLD INC to stay under $ 0.91  after 30 days from now is about 60.32 (This ROXGOLD INC probability density function shows the probability of ROXGOLD INC OTC Stock to fall within a particular range of prices over 30 days) . Probability of ROXGOLD INC price to stay between its current price of $ 0.66  and $ 0.91  at the end of the 30-day period is about 59.93 .
Assuming 30 trading days horizon, ROXGOLD INC has beta of -0.322 . This implies as returns on benchmark increase, returns on holding ROXGOLD INC are expected to decrease at a much smaller rate. During bear market, however, ROXGOLD INC is likely to outperform the market. Additionally The company has a negative alpha implying that the risk taken by holding this equity is not justified. ROXGOLD INC is significantly underperforming DOW.
 ROXGOLD INC Price Density 
      Price 
α
Alpha over DOW
=0.28
β
Beta against DOW=0.32
σ
Overall volatility
=0.09
Ir
Information ratio =0.07

ROXGOLD INC Alerts and Suggestions

ROXGOLD INC generates negative expected return over the last 30 days
ROXGOLD INC has some characteristics of a very speculative penny stock
ROXGOLD INC has high historical volatility and very poor performance
Latest headline from smallcappower.com: 5 Junior Gold Stocks with Glistering Free Cash Flow - SmallCapPower

ROXGOLD INCPrice Density Drivers

Float Shares306.45M
Average Daily Volume Last 10 Day54.7k
Average Daily Volume In Three Month76.07k
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