Kinross Gold Stock Probability of Future Stock Price Finishing Over 6.29
| KGC Stock | USD 6.84 0.10 1.48% |
Closest to current price Kinross long CALL Option Payoff at Expiration
Kinross |
Kinross Gold Target Price Odds to finish over 6.29
The tendency of Kinross 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 $ 6.29 in 90 days |
| 6.84 | 90 days | 6.29 | about 15.05 |
Based on a normal probability distribution, the odds of Kinross Gold to stay above $ 6.29 in 90 days from now is about 15.05 (This Kinross Gold probability density function shows the probability of Kinross Stock to fall within a particular range of prices over 90 days) . Probability of Kinross Gold price to stay between $ 6.29 and its current price of $6.84 at the end of the 90-day period is about 12.68 .
Considering the 90-day investment horizon the stock has the beta coefficient of 1.53 . This 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, Kinross Gold will likely underperform. Additionally Kinross Gold has an alpha of 0.234, implying that it can generate a 0.23 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Kinross Gold Price Density |
| Price |
Predictive Modules for Kinross 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 Kinross Gold. 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 Kinross 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.
Kinross Gold Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Kinross Gold is not an exception. The market had few large corrections towards the Kinross 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 Kinross Gold, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Kinross Gold within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.23 | |
β | Beta against NYSE Composite | 1.53 | |
σ | Overall volatility | 0.58 | |
Ir | Information ratio | 0.12 |
Kinross 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 Kinross Gold for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Kinross Gold can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Kinross Gold is unlikely to experience financial distress in the next 2 years | |
| About 68.0% of the company shares are owned by institutional investors | |
| On 21st of March 2024 Kinross Gold paid $ 0.03 per share dividend to its current shareholders | |
| Latest headline from investorplace.com: The Top 3 Under-10 Stocks to Buy in April 2024 |
Kinross 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 Kinross Stock often depends not only on the future outlook of the current and potential Kinross 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. Kinross Gold's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 1.2 B | |
| Cash And Short Term Investments | 360.3 M |
Kinross Gold Technical Analysis
Kinross Gold's future price can be derived by breaking down and analyzing its technical indicators over time. Kinross Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Kinross Gold. In general, you should focus on analyzing Kinross Stock price patterns and their correlations with different microeconomic environments and drivers.
Kinross Gold Predictive Forecast Models
Kinross Gold's time-series forecasting models is one of many Kinross 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 Kinross 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 Kinross Gold
Checking the ongoing alerts about Kinross Gold for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Kinross Gold help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Kinross Gold is unlikely to experience financial distress in the next 2 years | |
| About 68.0% of the company shares are owned by institutional investors | |
| On 21st of March 2024 Kinross Gold paid $ 0.03 per share dividend to its current shareholders | |
| Latest headline from investorplace.com: The Top 3 Under-10 Stocks to Buy in April 2024 |
Check out Kinross Gold Backtesting, Kinross Gold Valuation, Kinross Gold Correlation, Kinross Gold Hype Analysis, Kinross Gold Volatility, Kinross Gold History as well as Kinross Gold Performance. For information on how to trade Kinross Stock refer to our How to Trade Kinross Stock guide.Note that the Kinross Gold information on this page should be used as a complementary analysis to other Kinross Gold's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Complementary Tools for Kinross Stock analysis
When running Kinross Gold's price analysis, check to measure Kinross 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 Kinross Gold is operating at the current time. Most of Kinross Gold's value examination focuses on studying past and present price action to predict the probability of Kinross 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 Kinross Gold's price. Additionally, you may evaluate how the addition of Kinross Gold to your portfolios can decrease your overall portfolio volatility.
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Is Kinross Gold's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Kinross Gold. If investors know Kinross will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Kinross Gold listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.809 | Dividend Share 0.12 | Earnings Share 0.34 | Revenue Per Share 3.455 | Quarterly Revenue Growth 0.037 |
The market value of Kinross Gold is measured differently than its book value, which is the value of Kinross that is recorded on the company's balance sheet. Investors also form their own opinion of Kinross Gold's value that differs from its market value or its book value, called intrinsic value, which is Kinross Gold's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Kinross Gold's market value can be influenced by many factors that don't directly affect Kinross Gold's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Kinross Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Kinross Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Kinross Gold'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.