RIDGELINE MINERALS (Germany) Probability of Future Stock Price Finishing Over 0.0975
| 0GC0 Stock | EUR 0.10 0.0005 0.50% |
RIDGELINE |
RIDGELINE MINERALS Target Price Odds to finish over 0.0975
The tendency of RIDGELINE 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 € 0.1 in 90 days |
| 0.10 | 90 days | 0.1 | about 59.68 |
Based on a normal probability distribution, the odds of RIDGELINE MINERALS to stay above € 0.1 in 90 days from now is about 59.68 (This RIDGELINE MINERALS P probability density function shows the probability of RIDGELINE Stock to fall within a particular range of prices over 90 days) . Probability of RIDGELINE MINERALS price to stay between € 0.1 and its current price of €0.1 at the end of the 90-day period is about 9.68 .
Assuming the 90 days trading horizon RIDGELINE MINERALS has a beta of 0.12. This suggests as returns on the market go up, RIDGELINE MINERALS average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding RIDGELINE MINERALS P will be expected to be much smaller as well. Additionally RIDGELINE MINERALS P has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. RIDGELINE MINERALS Price Density |
| Price |
Predictive Modules for RIDGELINE MINERALS
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as RIDGELINE MINERALS. 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.RIDGELINE MINERALS Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. RIDGELINE MINERALS is not an exception. The market had few large corrections towards the RIDGELINE MINERALS'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 RIDGELINE MINERALS P, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of RIDGELINE MINERALS within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.0011 | |
β | Beta against Dow Jones | 0.12 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | -0.02 |
RIDGELINE MINERALS 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 RIDGELINE MINERALS for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for RIDGELINE MINERALS can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| RIDGELINE MINERALS had very high historical volatility over the last 90 days | |
| RIDGELINE MINERALS has some characteristics of a very speculative penny stock | |
| Net Loss for the year was (1.41 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| RIDGELINE MINERALS P has accumulated about 4.42 M in cash with (1.06 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.08. |
RIDGELINE MINERALS Technical Analysis
RIDGELINE MINERALS's future price can be derived by breaking down and analyzing its technical indicators over time. RIDGELINE Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of RIDGELINE MINERALS P. In general, you should focus on analyzing RIDGELINE Stock price patterns and their correlations with different microeconomic environments and drivers.
RIDGELINE MINERALS Predictive Forecast Models
RIDGELINE MINERALS's time-series forecasting models is one of many RIDGELINE MINERALS'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 RIDGELINE MINERALS'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 RIDGELINE MINERALS
Checking the ongoing alerts about RIDGELINE MINERALS for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for RIDGELINE MINERALS help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| RIDGELINE MINERALS had very high historical volatility over the last 90 days | |
| RIDGELINE MINERALS has some characteristics of a very speculative penny stock | |
| Net Loss for the year was (1.41 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| RIDGELINE MINERALS P has accumulated about 4.42 M in cash with (1.06 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.08. |
Other Information on Investing in RIDGELINE Stock
RIDGELINE MINERALS financial ratios help investors to determine whether RIDGELINE Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in RIDGELINE with respect to the benefits of owning RIDGELINE MINERALS security.