Generation Mining Stock Probability of Future Stock Price Finishing Over 0.23

GENM Stock  CAD 0.23  0.01  4.17%   
Generation Mining's future price is the expected price of Generation Mining instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of Generation Mining performance during a given time horizon utilizing its historical volatility. Check out Generation Mining Backtesting, Generation Mining Valuation, Generation Mining Correlation, Generation Mining Hype Analysis, Generation Mining Volatility, Generation Mining History as well as Generation Mining Performance.
  
Please specify Generation Mining's target price for which you would like Generation Mining odds to be computed.

Generation Mining Target Price Odds to finish over 0.23

The tendency of Generation 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 PriceHorizonTarget PriceOdds to move above the current price in 90 days
 0.23 90 days 0.23 
about 50.0
Based on a normal probability distribution, the odds of Generation Mining to move above the current price in 90 days from now is about 50.0 (This Generation Mining probability density function shows the probability of Generation Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon the stock has the beta coefficient of 6.19 . This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Generation Mining will likely underperform. Additionally The company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Generation Mining is significantly underperforming NYSE Composite.
   Generation Mining Price Density   
       Price  

Predictive Modules for Generation Mining

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Generation Mining. Regardless of method or technology, however, to accurately forecast the stock or bond 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, frequently view the market will even out over time. This tendency of Generation Mining'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. Please use the tools below to analyze the current value of Generation Mining in the context of predictive analytics.
Hype
Prediction
LowEstimatedHigh
0.010.2310.02
Details
Intrinsic
Valuation
LowRealHigh
0.010.2110.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Generation Mining. Your research has to be compared to or analyzed against Generation Mining's peers to derive any actionable benefits. When done correctly, Generation Mining's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Generation Mining.

Generation Mining Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. Generation Mining is not an exception. The market had few large corrections towards the Generation Mining'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 Generation Mining, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Generation Mining within the framework of very fundamental risk indicators.
α
Alpha over NYSE Composite
-0.47
β
Beta against NYSE Composite6.19
σ
Overall volatility
0.04
Ir
Information ratio 0.03

Generation Mining 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 Generation Mining for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Generation Mining can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
Generation Mining is way too risky over 90 days horizon
Generation Mining has some characteristics of a very speculative penny stock
Generation Mining appears to be risky and price may revert if volatility continues
Generation Mining has high likelihood to experience some financial distress in the next 2 years
Net Loss for the year was (56.23 M) with loss before overhead, payroll, taxes, and interest of (47.57 M).
Generation Mining has accumulated about 17.95 M in cash with (30.82 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.1.
Roughly 20.0% of the company shares are held by company insiders
Latest headline from news.google.com: Hut 8 Mining downgraded to Sell by analyst, merger with USBTC a shotgun wedding By Investing.com - Investing.com

Generation Mining 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 Generation Stock often depends not only on the future outlook of the current and potential Generation Mining'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. Generation Mining's indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding180.4 M
Cash And Short Term Investments18.8 M

Generation Mining Technical Analysis

Generation Mining's future price can be derived by breaking down and analyzing its technical indicators over time. Generation Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Generation Mining. In general, you should focus on analyzing Generation Stock price patterns and their correlations with different microeconomic environments and drivers.

Generation Mining Predictive Forecast Models

Generation Mining's time-series forecasting models is one of many Generation Mining'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 Generation Mining'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 Generation Mining

Checking the ongoing alerts about Generation Mining for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Generation Mining help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Generation Mining is way too risky over 90 days horizon
Generation Mining has some characteristics of a very speculative penny stock
Generation Mining appears to be risky and price may revert if volatility continues
Generation Mining has high likelihood to experience some financial distress in the next 2 years
Net Loss for the year was (56.23 M) with loss before overhead, payroll, taxes, and interest of (47.57 M).
Generation Mining has accumulated about 17.95 M in cash with (30.82 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.1.
Roughly 20.0% of the company shares are held by company insiders
Latest headline from news.google.com: Hut 8 Mining downgraded to Sell by analyst, merger with USBTC a shotgun wedding By Investing.com - Investing.com

Complementary Tools for Generation Stock analysis

When running Generation Mining's price analysis, check to measure Generation Mining'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 Generation Mining is operating at the current time. Most of Generation Mining's value examination focuses on studying past and present price action to predict the probability of Generation Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Generation Mining's price. Additionally, you may evaluate how the addition of Generation Mining to your portfolios can decrease your overall portfolio volatility.
Pair Correlation
Compare performance and examine fundamental relationship between any two equity instruments
Top Crypto Exchanges
Search and analyze digital assets across top global cryptocurrency exchanges
Crypto Correlations
Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins
Volatility Analysis
Get historical volatility and risk analysis based on latest market data
Portfolio Rebalancing
Analyze risk-adjusted returns against different time horizons to find asset-allocation targets
Fundamental Analysis
View fundamental data based on most recent published financial statements
Money Flow Index
Determine momentum by analyzing Money Flow Index and other technical indicators
Please note, there is a significant difference between Generation Mining's value and its price as these two are different measures arrived at by different means. Investors typically determine if Generation Mining is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Generation Mining's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.