Slam Exploration Stock Probability of Future Stock Price Finishing Over 0.019
| SXL Stock | CAD 0.03 0.01 16.67% |
Slam |
Slam Exploration Target Price Odds to finish over 0.019
The tendency of Slam 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 C$ 0.02 in 90 days |
| 0.03 | 90 days | 0.02 | about 74.84 |
Based on a normal probability distribution, the odds of Slam Exploration to stay above C$ 0.02 in 90 days from now is about 74.84 (This Slam Exploration probability density function shows the probability of Slam Stock to fall within a particular range of prices over 90 days) . Probability of Slam Exploration price to stay between C$ 0.02 and its current price of C$0.025 at the end of the 90-day period is about 64.15 .
Assuming the 90 days horizon Slam Exploration has a beta of 0.25. This usually implies as returns on the market go up, Slam Exploration average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Slam Exploration will be expected to be much smaller as well. Moreover Slam Exploration has an alpha of 1.2355, implying that it can generate a 1.24 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Slam Exploration Price Density |
| Price |
Predictive Modules for Slam Exploration
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Slam Exploration. 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 Slam Exploration'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.
Slam Exploration Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Slam Exploration is not an exception. The market had few large corrections towards the Slam Exploration'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 Slam Exploration, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Slam Exploration within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 1.24 | |
β | Beta against NYSE Composite | 0.25 | |
σ | Overall volatility | 0 | |
Ir | Information ratio | 0.08 |
Slam Exploration 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 Slam Exploration for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Slam Exploration can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Slam Exploration is way too risky over 90 days horizon | |
| Slam Exploration has some characteristics of a very speculative penny stock | |
| Slam Exploration appears to be risky and price may revert if volatility continues | |
| Slam Exploration has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (280.44 K) with profit before overhead, payroll, taxes, and interest of 0. | |
| Slam Exploration has accumulated about 431.51 K in cash with (108.97 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. | |
| Roughly 13.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: SLAM Exploration Secures Funding for Mining Projects - TipRanks.com - TipRanks |
Slam Exploration 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 Slam Stock often depends not only on the future outlook of the current and potential Slam Exploration'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. Slam Exploration's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 61.5 M |
Slam Exploration Technical Analysis
Slam Exploration's future price can be derived by breaking down and analyzing its technical indicators over time. Slam Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Slam Exploration. In general, you should focus on analyzing Slam Stock price patterns and their correlations with different microeconomic environments and drivers.
Slam Exploration Predictive Forecast Models
Slam Exploration's time-series forecasting models is one of many Slam Exploration'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 Slam Exploration'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 Slam Exploration
Checking the ongoing alerts about Slam Exploration for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Slam Exploration help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Slam Exploration is way too risky over 90 days horizon | |
| Slam Exploration has some characteristics of a very speculative penny stock | |
| Slam Exploration appears to be risky and price may revert if volatility continues | |
| Slam Exploration has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (280.44 K) with profit before overhead, payroll, taxes, and interest of 0. | |
| Slam Exploration has accumulated about 431.51 K in cash with (108.97 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. | |
| Roughly 13.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: SLAM Exploration Secures Funding for Mining Projects - TipRanks.com - TipRanks |
Check out Slam Exploration Backtesting, Slam Exploration Valuation, Slam Exploration Correlation, Slam Exploration Hype Analysis, Slam Exploration Volatility, Slam Exploration History as well as Slam Exploration Performance. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Complementary Tools for Slam Stock analysis
When running Slam Exploration's price analysis, check to measure Slam Exploration'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 Slam Exploration is operating at the current time. Most of Slam Exploration's value examination focuses on studying past and present price action to predict the probability of Slam Exploration's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Slam Exploration's price. Additionally, you may evaluate how the addition of Slam Exploration to your portfolios can decrease your overall portfolio volatility.
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