Abacus Mining And Stock Probability of Future Stock Price Finishing Over 0.06
| AME Stock | CAD 0.04 0.01 20.00% |
Abacus |
Abacus Mining Target Price Odds to finish over 0.06
The tendency of Abacus 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 over C$ 0.06 or more in 90 days |
| 0.04 | 90 days | 0.06 | near 1 |
Based on a normal probability distribution, the odds of Abacus Mining to move over C$ 0.06 or more in 90 days from now is near 1 (This Abacus Mining and probability density function shows the probability of Abacus Stock to fall within a particular range of prices over 90 days) . Probability of Abacus Mining price to stay between its current price of C$ 0.04 and C$ 0.06 at the end of the 90-day period is about 1.56 .
Assuming the 90 days horizon Abacus Mining and has a beta of -0.64. This suggests as returns on the benchmark increase, returns on holding Abacus Mining are expected to decrease at a much lower rate. During a bear market, however, Abacus Mining and is likely to outperform the market. Moreover Abacus Mining and has an alpha of 1.1052, implying that it can generate a 1.11 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Abacus Mining Price Density |
| Price |
Predictive Modules for Abacus 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 Abacus Mining. 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 Abacus 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.
Abacus Mining Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Abacus Mining is not an exception. The market had few large corrections towards the Abacus 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 Abacus Mining and, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Abacus Mining within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 1.11 | |
β | Beta against NYSE Composite | -0.64 | |
σ | Overall volatility | 0 | |
Ir | Information ratio | 0.09 |
Abacus 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 Abacus Mining for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Abacus 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.| Abacus Mining is way too risky over 90 days horizon | |
| Abacus Mining has some characteristics of a very speculative penny stock | |
| Abacus Mining appears to be risky and price may revert if volatility continues | |
| Abacus Mining has high likelihood to experience some financial distress in the next 2 years | |
| Abacus Mining has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| The company has accumulated 24.25 M in total debt with debt to equity ratio (D/E) of 138.5, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Abacus Mining has a current ratio of 0.06, 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 Abacus Mining until it has trouble settling it off, either with new capital or with free cash flow. So, Abacus Mining'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 Abacus Mining sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Abacus to invest in growth at high rates of return. When we think about Abacus Mining's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (1.31 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Abacus Mining and has accumulated about 1.12 M in cash with (440.19 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. | |
| Latest headline from news.google.com: Closing Bell Abacus Mining and Exploration up on Thursday - The Globe and Mail |
Abacus 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 Abacus Stock often depends not only on the future outlook of the current and potential Abacus 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. Abacus Mining's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 98.1 M | |
| Cash And Short Term Investments | 76.7 K |
Abacus Mining Technical Analysis
Abacus Mining's future price can be derived by breaking down and analyzing its technical indicators over time. Abacus Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Abacus Mining and. In general, you should focus on analyzing Abacus Stock price patterns and their correlations with different microeconomic environments and drivers.
Abacus Mining Predictive Forecast Models
Abacus Mining's time-series forecasting models is one of many Abacus 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 Abacus 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 Abacus Mining
Checking the ongoing alerts about Abacus Mining for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Abacus Mining help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Abacus Mining is way too risky over 90 days horizon | |
| Abacus Mining has some characteristics of a very speculative penny stock | |
| Abacus Mining appears to be risky and price may revert if volatility continues | |
| Abacus Mining has high likelihood to experience some financial distress in the next 2 years | |
| Abacus Mining has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| The company has accumulated 24.25 M in total debt with debt to equity ratio (D/E) of 138.5, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Abacus Mining has a current ratio of 0.06, 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 Abacus Mining until it has trouble settling it off, either with new capital or with free cash flow. So, Abacus Mining'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 Abacus Mining sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Abacus to invest in growth at high rates of return. When we think about Abacus Mining's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (1.31 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Abacus Mining and has accumulated about 1.12 M in cash with (440.19 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. | |
| Latest headline from news.google.com: Closing Bell Abacus Mining and Exploration up on Thursday - The Globe and Mail |
Check out Abacus Mining Backtesting, Abacus Mining Valuation, Abacus Mining Correlation, Abacus Mining Hype Analysis, Abacus Mining Volatility, Abacus Mining History as well as Abacus Mining Performance. You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
Complementary Tools for Abacus Stock analysis
When running Abacus Mining's price analysis, check to measure Abacus 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 Abacus Mining is operating at the current time. Most of Abacus Mining's value examination focuses on studying past and present price action to predict the probability of Abacus 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 Abacus Mining's price. Additionally, you may evaluate how the addition of Abacus Mining to your portfolios can decrease your overall portfolio volatility.
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