Newrange Gold Corp Stock Probability of Future Stock Price Finishing Over 0.03
| NRG Stock | CAD 0.03 0.01 20.00% |
Newrange |
Newrange Gold Target Price Odds to finish over 0.03
The tendency of Newrange 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 |
| 0.03 | 90 days | 0.03 | about 24.66 |
Based on a normal probability distribution, the odds of Newrange Gold to move above the current price in 90 days from now is about 24.66 (This Newrange Gold Corp probability density function shows the probability of Newrange Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days horizon Newrange Gold Corp has a beta of -0.55. This indicates as returns on the benchmark increase, returns on holding Newrange Gold are expected to decrease at a much lower rate. During a bear market, however, Newrange Gold Corp is likely to outperform the market. Additionally Newrange Gold Corp has an alpha of 0.5275, implying that it can generate a 0.53 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Newrange Gold Price Density |
| Price |
Predictive Modules for Newrange 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 Newrange 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 Newrange 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.
Newrange Gold Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Newrange Gold is not an exception. The market had few large corrections towards the Newrange 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 Newrange Gold Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Newrange Gold within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.53 | |
β | Beta against NYSE Composite | -0.55 | |
σ | Overall volatility | 0 | |
Ir | Information ratio | 0.04 |
Newrange 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 Newrange Gold for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Newrange 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.| Newrange Gold Corp had very high historical volatility over the last 90 days | |
| Newrange Gold Corp has some characteristics of a very speculative penny stock | |
| Newrange Gold Corp has a very high chance of going through financial distress in the upcoming years | |
| The company has accumulated 40 K in total debt with debt to equity ratio (D/E) of 0.7, which is about average as compared to similar companies. Newrange Gold Corp has a current ratio of 0.67, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Newrange Gold until it has trouble settling it off, either with new capital or with free cash flow. So, Newrange Gold's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Newrange Gold Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Newrange to invest in growth at high rates of return. When we think about Newrange Gold's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (1.06 M) with loss before overhead, payroll, taxes, and interest of (90.9 K). | |
| Newrange Gold Corp has accumulated about 199.75 K in cash with (554.66 K) of positive cash flow from operations. | |
| Latest headline from news.google.com: Pinnacle Silver and Gold Releases Argosy Gold Mine Video - Junior Mining Network |
Newrange 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 Newrange Stock often depends not only on the future outlook of the current and potential Newrange 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. Newrange Gold's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 29.4 M | |
| Cash And Short Term Investments | 324.6 K |
Newrange Gold Technical Analysis
Newrange Gold's future price can be derived by breaking down and analyzing its technical indicators over time. Newrange Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Newrange Gold Corp. In general, you should focus on analyzing Newrange Stock price patterns and their correlations with different microeconomic environments and drivers.
Newrange Gold Predictive Forecast Models
Newrange Gold's time-series forecasting models is one of many Newrange 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 Newrange 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 Newrange Gold Corp
Checking the ongoing alerts about Newrange Gold for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Newrange Gold Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Newrange Gold Corp had very high historical volatility over the last 90 days | |
| Newrange Gold Corp has some characteristics of a very speculative penny stock | |
| Newrange Gold Corp has a very high chance of going through financial distress in the upcoming years | |
| The company has accumulated 40 K in total debt with debt to equity ratio (D/E) of 0.7, which is about average as compared to similar companies. Newrange Gold Corp has a current ratio of 0.67, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Newrange Gold until it has trouble settling it off, either with new capital or with free cash flow. So, Newrange Gold's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Newrange Gold Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Newrange to invest in growth at high rates of return. When we think about Newrange Gold's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (1.06 M) with loss before overhead, payroll, taxes, and interest of (90.9 K). | |
| Newrange Gold Corp has accumulated about 199.75 K in cash with (554.66 K) of positive cash flow from operations. | |
| Latest headline from news.google.com: Pinnacle Silver and Gold Releases Argosy Gold Mine Video - Junior Mining Network |
Check out Newrange Gold Backtesting, Newrange Gold Valuation, Newrange Gold Correlation, Newrange Gold Hype Analysis, Newrange Gold Volatility, Newrange Gold History as well as Newrange Gold Performance. You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Complementary Tools for Newrange Stock analysis
When running Newrange Gold's price analysis, check to measure Newrange 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 Newrange Gold is operating at the current time. Most of Newrange Gold's value examination focuses on studying past and present price action to predict the probability of Newrange 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 Newrange Gold's price. Additionally, you may evaluate how the addition of Newrange Gold to your portfolios can decrease your overall portfolio volatility.
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