Stelmine Canada Stock Probability of Future Stock Price Finishing Over 0.05
| STH Stock | CAD 0.05 0.01 16.67% |
Stelmine |
Stelmine Canada Target Price Odds to finish over 0.05
The tendency of Stelmine 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 |
| 0.05 | 90 days | 0.05 | about 83.48 |
Based on a normal probability distribution, the odds of Stelmine Canada to move above the current price in 90 days from now is about 83.48 (This Stelmine Canada probability density function shows the probability of Stelmine Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days horizon Stelmine Canada has a beta of -2.19. This usually implies as returns on its benchmark rise, returns on holding Stelmine Canada are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Stelmine Canada is expected to outperform its benchmark. Additionally Stelmine Canada has an alpha of 0.055, implying that it can generate a 0.055 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Stelmine Canada Price Density |
| Price |
Predictive Modules for Stelmine Canada
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Stelmine Canada. 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 Stelmine Canada'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.
Stelmine Canada Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Stelmine Canada is not an exception. The market had few large corrections towards the Stelmine Canada'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 Stelmine Canada, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Stelmine Canada within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.05 | |
β | Beta against NYSE Composite | -2.19 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | -0.02 |
Stelmine Canada 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 Stelmine Canada for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Stelmine Canada can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Stelmine Canada had very high historical volatility over the last 90 days | |
| Stelmine Canada has some characteristics of a very speculative penny stock | |
| Net Loss for the year was (797.02 K) with profit before overhead, payroll, taxes, and interest of 0. | |
| Stelmine Canada has accumulated about 61.96 K in cash with (812.72 K) of positive cash flow from operations. | |
| Latest headline from news.google.com: Closing Bell Stelmine Canada Ltd flat on Thursday - The Globe and Mail |
Stelmine Canada 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 Stelmine Stock often depends not only on the future outlook of the current and potential Stelmine Canada'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. Stelmine Canada's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 89.8 M | |
| Cash And Short Term Investments | 488.9 K |
Stelmine Canada Technical Analysis
Stelmine Canada's future price can be derived by breaking down and analyzing its technical indicators over time. Stelmine Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Stelmine Canada. In general, you should focus on analyzing Stelmine Stock price patterns and their correlations with different microeconomic environments and drivers.
Stelmine Canada Predictive Forecast Models
Stelmine Canada's time-series forecasting models is one of many Stelmine Canada'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 Stelmine Canada'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 Stelmine Canada
Checking the ongoing alerts about Stelmine Canada for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Stelmine Canada help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Stelmine Canada had very high historical volatility over the last 90 days | |
| Stelmine Canada has some characteristics of a very speculative penny stock | |
| Net Loss for the year was (797.02 K) with profit before overhead, payroll, taxes, and interest of 0. | |
| Stelmine Canada has accumulated about 61.96 K in cash with (812.72 K) of positive cash flow from operations. | |
| Latest headline from news.google.com: Closing Bell Stelmine Canada Ltd flat on Thursday - The Globe and Mail |
Check out Stelmine Canada Backtesting, Stelmine Canada Valuation, Stelmine Canada Correlation, Stelmine Canada Hype Analysis, Stelmine Canada Volatility, Stelmine Canada History as well as Stelmine Canada Performance. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Complementary Tools for Stelmine Stock analysis
When running Stelmine Canada's price analysis, check to measure Stelmine Canada'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 Stelmine Canada is operating at the current time. Most of Stelmine Canada's value examination focuses on studying past and present price action to predict the probability of Stelmine Canada's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Stelmine Canada's price. Additionally, you may evaluate how the addition of Stelmine Canada to your portfolios can decrease your overall portfolio volatility.
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