Gold79 Mines Stock Probability of Future Stock Price Finishing Over 0.03
| AUU Stock | CAD 0.24 0.05 17.24% |
Gold79 |
Gold79 Mines Target Price Odds to finish over 0.03
The tendency of Gold79 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$ 0.03 in 90 days |
| 0.24 | 90 days | 0.03 | close to 99 |
Based on a normal probability distribution, the odds of Gold79 Mines to stay above C$ 0.03 in 90 days from now is close to 99 (This Gold79 Mines probability density function shows the probability of Gold79 Stock to fall within a particular range of prices over 90 days) . Probability of Gold79 Mines price to stay between C$ 0.03 and its current price of C$0.24 at the end of the 90-day period is about 17.2 .
Assuming the 90 days horizon Gold79 Mines has a beta of 0.9. This suggests Gold79 Mines market returns are correlated to returns on the market. As the market goes up or down, Gold79 Mines is expected to follow. Moreover Gold79 Mines has an alpha of 1.1163, implying that it can generate a 1.12 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Gold79 Mines Price Density |
| Price |
Predictive Modules for Gold79 Mines
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Gold79 Mines. 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 Gold79 Mines' 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.
Gold79 Mines Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Gold79 Mines is not an exception. The market had few large corrections towards the Gold79 Mines' 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 Gold79 Mines, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Gold79 Mines within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 1.12 | |
β | Beta against NYSE Composite | 0.90 | |
σ | Overall volatility | 0.04 | |
Ir | Information ratio | 0.06 |
Gold79 Mines 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 Gold79 Mines for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Gold79 Mines can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Gold79 Mines is way too risky over 90 days horizon | |
| Gold79 Mines has some characteristics of a very speculative penny stock | |
| Gold79 Mines appears to be risky and price may revert if volatility continues | |
| Gold79 Mines has high likelihood to experience some financial distress in the next 2 years | |
| The company has a current ratio of 0.44, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Gold79 Mines until it has trouble settling it off, either with new capital or with free cash flow. So, Gold79 Mines' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Gold79 Mines sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Gold79 to invest in growth at high rates of return. When we think about Gold79 Mines' use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (482.21 K) with loss before overhead, payroll, taxes, and interest of (960). | |
| Gold79 Mines has accumulated about 150.42 K in cash with (686.92 K) of positive cash flow from operations. | |
| Roughly 14.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Gold79 Announces Effective Date of Previously Announced Share Consolidation - Yahoo Finance |
Gold79 Mines 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 Gold79 Stock often depends not only on the future outlook of the current and potential Gold79 Mines' 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. Gold79 Mines' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 148.6 M | |
| Cash And Short Term Investments | 432 K |
Gold79 Mines Technical Analysis
Gold79 Mines' future price can be derived by breaking down and analyzing its technical indicators over time. Gold79 Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Gold79 Mines. In general, you should focus on analyzing Gold79 Stock price patterns and their correlations with different microeconomic environments and drivers.
Gold79 Mines Predictive Forecast Models
Gold79 Mines' time-series forecasting models is one of many Gold79 Mines' 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 Gold79 Mines' 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 Gold79 Mines
Checking the ongoing alerts about Gold79 Mines for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Gold79 Mines help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Gold79 Mines is way too risky over 90 days horizon | |
| Gold79 Mines has some characteristics of a very speculative penny stock | |
| Gold79 Mines appears to be risky and price may revert if volatility continues | |
| Gold79 Mines has high likelihood to experience some financial distress in the next 2 years | |
| The company has a current ratio of 0.44, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Gold79 Mines until it has trouble settling it off, either with new capital or with free cash flow. So, Gold79 Mines' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Gold79 Mines sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Gold79 to invest in growth at high rates of return. When we think about Gold79 Mines' use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (482.21 K) with loss before overhead, payroll, taxes, and interest of (960). | |
| Gold79 Mines has accumulated about 150.42 K in cash with (686.92 K) of positive cash flow from operations. | |
| Roughly 14.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Gold79 Announces Effective Date of Previously Announced Share Consolidation - Yahoo Finance |
Check out Gold79 Mines Backtesting, Gold79 Mines Valuation, Gold79 Mines Correlation, Gold79 Mines Hype Analysis, Gold79 Mines Volatility, Gold79 Mines History as well as Gold79 Mines Performance. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Complementary Tools for Gold79 Stock analysis
When running Gold79 Mines' price analysis, check to measure Gold79 Mines' 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 Gold79 Mines is operating at the current time. Most of Gold79 Mines' value examination focuses on studying past and present price action to predict the probability of Gold79 Mines' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gold79 Mines' price. Additionally, you may evaluate how the addition of Gold79 Mines to your portfolios can decrease your overall portfolio volatility.
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