Galway Metals Stock Probability of Future Stock Price Finishing Over 0.74
| GWM Stock | CAD 0.36 0.02 5.26% |
Galway |
Galway Metals Target Price Odds to finish over 0.74
The tendency of Galway 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 over C$ 0.74 or more in 90 days |
| 0.36 | 90 days | 0.74 | near 1 |
Based on a normal probability distribution, the odds of Galway Metals to move over C$ 0.74 or more in 90 days from now is near 1 (This Galway Metals probability density function shows the probability of Galway Stock to fall within a particular range of prices over 90 days) . Probability of Galway Metals price to stay between its current price of C$ 0.36 and C$ 0.74 at the end of the 90-day period is about 36.42 .
Assuming the 90 days horizon Galway Metals has a beta of -1.1. This usually indicates Additionally Galway Metals has an alpha of 0.2771, implying that it can generate a 0.28 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Galway Metals Price Density |
| Price |
Predictive Modules for Galway Metals
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Galway Metals. 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 Galway Metals' 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.
Galway Metals Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Galway Metals is not an exception. The market had few large corrections towards the Galway Metals' 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 Galway Metals, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Galway Metals within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.28 | |
β | Beta against NYSE Composite | -1.1 | |
σ | Overall volatility | 0.06 | |
Ir | Information ratio | 0.02 |
Galway Metals 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 Galway Metals for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Galway Metals can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Galway Metals had very high historical volatility over the last 90 days | |
| Galway Metals has some characteristics of a very speculative penny stock | |
| Net Loss for the year was (6.46 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Galway Metals has accumulated about 5.73 M in cash with (6.13 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.05. | |
| Roughly 12.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Galway Metals Launches 4.5M Private Placement - TipRanks.com - TipRanks |
Galway Metals 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 Galway Stock often depends not only on the future outlook of the current and potential Galway Metals' 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. Galway Metals' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 64.1 M | |
| Cash And Short Term Investments | 5.8 M |
Galway Metals Technical Analysis
Galway Metals' future price can be derived by breaking down and analyzing its technical indicators over time. Galway Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Galway Metals. In general, you should focus on analyzing Galway Stock price patterns and their correlations with different microeconomic environments and drivers.
Galway Metals Predictive Forecast Models
Galway Metals' time-series forecasting models is one of many Galway Metals' 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 Galway Metals' 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 Galway Metals
Checking the ongoing alerts about Galway Metals for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Galway Metals help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Galway Metals had very high historical volatility over the last 90 days | |
| Galway Metals has some characteristics of a very speculative penny stock | |
| Net Loss for the year was (6.46 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Galway Metals has accumulated about 5.73 M in cash with (6.13 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.05. | |
| Roughly 12.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Galway Metals Launches 4.5M Private Placement - TipRanks.com - TipRanks |
Check out Galway Metals Backtesting, Galway Metals Valuation, Galway Metals Correlation, Galway Metals Hype Analysis, Galway Metals Volatility, Galway Metals History as well as Galway Metals Performance. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Complementary Tools for Galway Stock analysis
When running Galway Metals' price analysis, check to measure Galway Metals' 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 Galway Metals is operating at the current time. Most of Galway Metals' value examination focuses on studying past and present price action to predict the probability of Galway Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Galway Metals' price. Additionally, you may evaluate how the addition of Galway Metals to your portfolios can decrease your overall portfolio volatility.
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