Jaxon Mining Stock Probability of Future Stock Price Finishing Under 0.12
| JAX Stock | CAD 0.02 0.01 100.00% |
Jaxon |
Jaxon Mining Target Price Odds to finish below 0.12
The tendency of Jaxon 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 under C$ 0.12 after 90 days |
| 0.02 | 90 days | 0.12 | close to 99 |
Based on a normal probability distribution, the odds of Jaxon Mining to stay under C$ 0.12 after 90 days from now is close to 99 (This Jaxon Mining probability density function shows the probability of Jaxon Stock to fall within a particular range of prices over 90 days) . Probability of Jaxon Mining price to stay between its current price of C$ 0.02 and C$ 0.12 at the end of the 90-day period is about 19.95 .
Assuming the 90 days horizon Jaxon Mining has a beta of 0.89. This indicates Jaxon Mining market returns are correlated to returns on the market. As the market goes up or down, Jaxon Mining is expected to follow. In addition to that Jaxon Mining has an alpha of 2.9535, implying that it can generate a 2.95 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Jaxon Mining Price Density |
| Price |
Predictive Modules for Jaxon 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 Jaxon 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 Jaxon 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.
Jaxon Mining Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Jaxon Mining is not an exception. The market had few large corrections towards the Jaxon 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 Jaxon Mining, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Jaxon Mining within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 2.95 | |
β | Beta against NYSE Composite | 0.89 | |
σ | Overall volatility | 0 | |
Ir | Information ratio | 0.11 |
Jaxon 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 Jaxon Mining for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Jaxon 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.| Jaxon Mining is way too risky over 90 days horizon | |
| Jaxon Mining has some characteristics of a very speculative penny stock | |
| Jaxon Mining appears to be risky and price may revert if volatility continues | |
| Net Loss for the year was (644.84 K) with profit before overhead, payroll, taxes, and interest of 0. | |
| Latest headline from news.google.com: Closing Bell Jaxon Mining Inc flat on Tuesday - The Globe and Mail |
Jaxon 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 Jaxon Stock often depends not only on the future outlook of the current and potential Jaxon 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. Jaxon Mining's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 168 M |
Jaxon Mining Technical Analysis
Jaxon Mining's future price can be derived by breaking down and analyzing its technical indicators over time. Jaxon Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Jaxon Mining. In general, you should focus on analyzing Jaxon Stock price patterns and their correlations with different microeconomic environments and drivers.
Jaxon Mining Predictive Forecast Models
Jaxon Mining's time-series forecasting models is one of many Jaxon 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 Jaxon 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 Jaxon Mining
Checking the ongoing alerts about Jaxon Mining for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Jaxon Mining help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Jaxon Mining is way too risky over 90 days horizon | |
| Jaxon Mining has some characteristics of a very speculative penny stock | |
| Jaxon Mining appears to be risky and price may revert if volatility continues | |
| Net Loss for the year was (644.84 K) with profit before overhead, payroll, taxes, and interest of 0. | |
| Latest headline from news.google.com: Closing Bell Jaxon Mining Inc flat on Tuesday - The Globe and Mail |
Check out Jaxon Mining Backtesting, Jaxon Mining Valuation, Jaxon Mining Correlation, Jaxon Mining Hype Analysis, Jaxon Mining Volatility, Jaxon Mining History as well as Jaxon Mining Performance. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Complementary Tools for Jaxon Stock analysis
When running Jaxon Mining's price analysis, check to measure Jaxon 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 Jaxon Mining is operating at the current time. Most of Jaxon Mining's value examination focuses on studying past and present price action to predict the probability of Jaxon 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 Jaxon Mining's price. Additionally, you may evaluate how the addition of Jaxon Mining to your portfolios can decrease your overall portfolio volatility.
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