Endurance Gold Corp Stock Probability of Future Stock Price Finishing Over 0.17
| EDG Stock | CAD 0.17 0.01 6.25% |
Endurance |
Endurance Gold Target Price Odds to finish over 0.17
The tendency of Endurance 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 |
| 0.17 | 90 days | 0.17 | about 17.72 |
Based on a normal probability distribution, the odds of Endurance Gold to move above the current price in 90 days from now is about 17.72 (This Endurance Gold Corp probability density function shows the probability of Endurance Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days horizon the stock has the beta coefficient of 2.62 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Endurance Gold will likely underperform. Additionally Endurance Gold Corp has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Endurance Gold Price Density |
| Price |
Predictive Modules for Endurance Gold
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Endurance Gold 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 Endurance Gold'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.
Endurance Gold Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Endurance Gold is not an exception. The market had few large corrections towards the Endurance Gold'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 Endurance Gold Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Endurance Gold within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.19 | |
β | Beta against NYSE Composite | 2.62 | |
σ | Overall volatility | 0.02 | |
Ir | Information ratio | -0.02 |
Endurance Gold 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 Endurance Gold for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Endurance Gold 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.| Endurance Gold Corp had very high historical volatility over the last 90 days | |
| Endurance Gold Corp has some characteristics of a very speculative penny stock | |
| Endurance Gold Corp has a very high chance of going through financial distress in the upcoming years | |
| Net Loss for the year was (782.37 K) with profit before overhead, payroll, taxes, and interest of 0. | |
| Endurance Gold Corp has accumulated about 3.77 M in cash with (185.5 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.03. | |
| Roughly 55.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Gold Stock To Begin 2024 Exploration Research Report - Streetwise Reports |
Endurance Gold 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 Endurance Stock often depends not only on the future outlook of the current and potential Endurance Gold'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. Endurance Gold's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 136.4 M | |
| Cash And Short Term Investments | 2.9 M |
Endurance Gold Technical Analysis
Endurance Gold's future price can be derived by breaking down and analyzing its technical indicators over time. Endurance Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Endurance Gold Corp. In general, you should focus on analyzing Endurance Stock price patterns and their correlations with different microeconomic environments and drivers.
Endurance Gold Predictive Forecast Models
Endurance Gold's time-series forecasting models is one of many Endurance Gold'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 Endurance Gold'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 Endurance Gold Corp
Checking the ongoing alerts about Endurance Gold for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Endurance Gold Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Endurance Gold Corp had very high historical volatility over the last 90 days | |
| Endurance Gold Corp has some characteristics of a very speculative penny stock | |
| Endurance Gold Corp has a very high chance of going through financial distress in the upcoming years | |
| Net Loss for the year was (782.37 K) with profit before overhead, payroll, taxes, and interest of 0. | |
| Endurance Gold Corp has accumulated about 3.77 M in cash with (185.5 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.03. | |
| Roughly 55.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Gold Stock To Begin 2024 Exploration Research Report - Streetwise Reports |
Check out Endurance Gold Backtesting, Endurance Gold Valuation, Endurance Gold Correlation, Endurance Gold Hype Analysis, Endurance Gold Volatility, Endurance Gold History as well as Endurance Gold Performance. You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
Complementary Tools for Endurance Stock analysis
When running Endurance Gold's price analysis, check to measure Endurance Gold'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 Endurance Gold is operating at the current time. Most of Endurance Gold's value examination focuses on studying past and present price action to predict the probability of Endurance Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Endurance Gold's price. Additionally, you may evaluate how the addition of Endurance Gold to your portfolios can decrease your overall portfolio volatility.
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