Cordoba Minerals Corp Stock Probability of Future Stock Price Finishing Over 0.48
| CDB Stock | CAD 0.48 0.01 2.04% |
Cordoba |
Cordoba Minerals Target Price Odds to finish over 0.48
The tendency of Cordoba 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 above the current price in 90 days |
| 0.48 | 90 days | 0.48 | about 1.89 |
Based on a normal probability distribution, the odds of Cordoba Minerals to move above the current price in 90 days from now is about 1.89 (This Cordoba Minerals Corp probability density function shows the probability of Cordoba Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days horizon Cordoba Minerals Corp has a beta of -0.0083 suggesting as returns on the benchmark increase, returns on holding Cordoba Minerals are expected to decrease at a much lower rate. During a bear market, however, Cordoba Minerals Corp is likely to outperform the market. Additionally Cordoba Minerals Corp has an alpha of 0.5959, implying that it can generate a 0.6 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Cordoba Minerals Price Density |
| Price |
Predictive Modules for Cordoba 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 Cordoba Minerals Corp. 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 Cordoba 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.
Cordoba Minerals Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Cordoba Minerals is not an exception. The market had few large corrections towards the Cordoba 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 Cordoba Minerals Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Cordoba Minerals within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.60 | |
β | Beta against NYSE Composite | -0.0083 | |
σ | Overall volatility | 0.04 | |
Ir | Information ratio | 0.09 |
Cordoba 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 Cordoba Minerals for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Cordoba Minerals Corp can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Cordoba Minerals has some characteristics of a very speculative penny stock | |
| Cordoba Minerals had very high historical volatility over the last 90 days | |
| The company has accumulated 2.16 M in total debt with debt to equity ratio (D/E) of 8.3, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Cordoba Minerals Corp has a current ratio of 0.25, 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 Cordoba Minerals until it has trouble settling it off, either with new capital or with free cash flow. So, Cordoba Minerals' 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 Cordoba Minerals Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Cordoba to invest in growth at high rates of return. When we think about Cordoba Minerals' use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (22.9 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Cordoba Minerals Corp has accumulated about 618.46 K in cash with (44.59 M) of positive cash flow from operations. | |
| Roughly 83.0% of Cordoba Minerals shares are held by company insiders | |
| Latest headline from news.google.com: Closing Bell Cordoba Minerals Corp down on Thursday - The Globe and Mail |
Cordoba 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 Cordoba Stock often depends not only on the future outlook of the current and potential Cordoba 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. Cordoba Minerals' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 89.4 M | |
| Cash And Short Term Investments | 5.1 M |
Cordoba Minerals Technical Analysis
Cordoba Minerals' future price can be derived by breaking down and analyzing its technical indicators over time. Cordoba Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Cordoba Minerals Corp. In general, you should focus on analyzing Cordoba Stock price patterns and their correlations with different microeconomic environments and drivers.
Cordoba Minerals Predictive Forecast Models
Cordoba Minerals' time-series forecasting models is one of many Cordoba 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 Cordoba 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 Cordoba Minerals Corp
Checking the ongoing alerts about Cordoba Minerals for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Cordoba Minerals Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Cordoba Minerals has some characteristics of a very speculative penny stock | |
| Cordoba Minerals had very high historical volatility over the last 90 days | |
| The company has accumulated 2.16 M in total debt with debt to equity ratio (D/E) of 8.3, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Cordoba Minerals Corp has a current ratio of 0.25, 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 Cordoba Minerals until it has trouble settling it off, either with new capital or with free cash flow. So, Cordoba Minerals' 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 Cordoba Minerals Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Cordoba to invest in growth at high rates of return. When we think about Cordoba Minerals' use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (22.9 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Cordoba Minerals Corp has accumulated about 618.46 K in cash with (44.59 M) of positive cash flow from operations. | |
| Roughly 83.0% of Cordoba Minerals shares are held by company insiders | |
| Latest headline from news.google.com: Closing Bell Cordoba Minerals Corp down on Thursday - The Globe and Mail |
Check out Cordoba Minerals Backtesting, Cordoba Minerals Valuation, Cordoba Minerals Correlation, Cordoba Minerals Hype Analysis, Cordoba Minerals Volatility, Cordoba Minerals History as well as Cordoba Minerals Performance. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Complementary Tools for Cordoba Stock analysis
When running Cordoba Minerals' price analysis, check to measure Cordoba 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 Cordoba Minerals is operating at the current time. Most of Cordoba Minerals' value examination focuses on studying past and present price action to predict the probability of Cordoba Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cordoba Minerals' price. Additionally, you may evaluate how the addition of Cordoba Minerals to your portfolios can decrease your overall portfolio volatility.
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