Magna Mining Stock Probability of Future Stock Price Finishing Over 0.43

NICU Stock   0.43  0.01  2.38%   
Magna Mining's future price is the expected price of Magna 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 Magna Mining performance during a given time horizon utilizing its historical volatility. Check out Magna Mining Backtesting, Magna Mining Valuation, Magna Mining Correlation, Magna Mining Hype Analysis, Magna Mining Volatility, Magna Mining History as well as Magna Mining Performance.
  
Please specify Magna Mining's target price for which you would like Magna Mining odds to be computed.

Magna Mining Target Price Odds to finish over 0.43

The tendency of Magna 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
 0.43 90 days 0.43 
about 75.68
Based on a normal probability distribution, the odds of Magna Mining to move above the current price in 90 days from now is about 75.68 (This Magna Mining probability density function shows the probability of Magna Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon Magna Mining has a beta of -0.0331. This indicates as returns on benchmark increase, returns on holding Magna Mining are expected to decrease at a much lower rate. During the bear market, however, Magna Mining is likely to outperform the market. Additionally The company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Magna Mining is significantly underperforming NYSE Composite.
   Magna Mining Price Density   
       Price  

Predictive Modules for Magna 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 Magna 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 Magna 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 Magna Mining in the context of predictive analytics.
Hype
Prediction
LowEstimatedHigh
0.020.424.63
Details
Intrinsic
Valuation
LowRealHigh
0.020.384.59
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Magna Mining. Your research has to be compared to or analyzed against Magna Mining's peers to derive any actionable benefits. When done correctly, Magna 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 Magna Mining.

Magna Mining Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. Magna Mining is not an exception. The market had few large corrections towards the Magna 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 Magna Mining, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Magna Mining within the framework of very fundamental risk indicators.
α
Alpha over NYSE Composite
-0.16
β
Beta against NYSE Composite-0.03
σ
Overall volatility
0.04
Ir
Information ratio -0.07

Magna 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 Magna Mining for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Magna 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.
Magna Mining generated a negative expected return over the last 90 days
Magna Mining has some characteristics of a very speculative penny stock
Magna Mining has high historical volatility and very poor performance
Magna Mining has high likelihood to experience some financial distress in the next 2 years
Net Loss for the year was (25.64 M) with loss before overhead, payroll, taxes, and interest of (199.72 K).
Magna Mining generates negative cash flow from operations
About 33.0% of the company outstanding shares are owned by corporate insiders

Magna 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 Magna Stock often depends not only on the future outlook of the current and potential Magna 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. Magna Mining's indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding146.9 M

Magna Mining Technical Analysis

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

Magna Mining Predictive Forecast Models

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

Checking the ongoing alerts about Magna Mining for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Magna Mining help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Magna Mining generated a negative expected return over the last 90 days
Magna Mining has some characteristics of a very speculative penny stock
Magna Mining has high historical volatility and very poor performance
Magna Mining has high likelihood to experience some financial distress in the next 2 years
Net Loss for the year was (25.64 M) with loss before overhead, payroll, taxes, and interest of (199.72 K).
Magna Mining generates negative cash flow from operations
About 33.0% of the company outstanding shares are owned by corporate insiders
Check out Magna Mining Backtesting, Magna Mining Valuation, Magna Mining Correlation, Magna Mining Hype Analysis, Magna Mining Volatility, Magna Mining History as well as Magna Mining Performance.
Note that the Magna Mining information on this page should be used as a complementary analysis to other Magna Mining'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 Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.

Complementary Tools for Magna Stock analysis

When running Magna Mining's price analysis, check to measure Magna 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 Magna Mining is operating at the current time. Most of Magna Mining's value examination focuses on studying past and present price action to predict the probability of Magna 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 Magna Mining's price. Additionally, you may evaluate how the addition of Magna Mining to your portfolios can decrease your overall portfolio volatility.
Cryptocurrency Center
Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency
Premium Stories
Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope
Portfolio Analyzer
Portfolio analysis module that provides access to portfolio diagnostics and optimization engine
Stock Tickers
Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
Price Exposure Probability
Analyze equity upside and downside potential for a given time horizon across multiple markets
Portfolio Suggestion
Get suggestions outside of your existing asset allocation including your own model portfolios
Piotroski F Score
Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals
Idea Breakdown
Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
CEOs Directory
Screen CEOs from public companies around the world
Please note, there is a significant difference between Magna Mining's value and its price as these two are different measures arrived at by different means. Investors typically determine if Magna Mining is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Magna 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.