Almaden Minerals Stock Probability of Future Stock Price Finishing Over 0.06
| AMM Stock | CAD 0.06 0.01 20.00% |
Almaden |
Almaden Minerals Target Price Odds to finish over 0.06
The tendency of Almaden 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 |
| 0.06 | 90 days | 0.06 | about 84.69 |
Based on a normal probability distribution, the odds of Almaden Minerals to move above the current price in 90 days from now is about 84.69 (This Almaden Minerals probability density function shows the probability of Almaden Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon the stock has the beta coefficient of 1.85 . This suggests as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Almaden Minerals will likely underperform. Additionally Almaden Minerals 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. Almaden Minerals Price Density |
| Price |
Predictive Modules for Almaden 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 Almaden 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.Almaden Minerals Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Almaden Minerals is not an exception. The market had few large corrections towards the Almaden Minerals' 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 Almaden Minerals, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Almaden Minerals within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.12 | |
β | Beta against Dow Jones | 1.85 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | -0.0044 |
Almaden 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 Almaden Minerals for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Almaden 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.| Almaden Minerals had very high historical volatility over the last 90 days | |
| Almaden Minerals has some characteristics of a very speculative penny stock | |
| Almaden Minerals has a very high chance of going through financial distress in the upcoming years | |
| Net Loss for the year was (63.62 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Almaden Minerals has accumulated about 1.72 M in cash with (1.48 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. | |
| Latest headline from news.google.com: Almadex Minerals Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2024 - Marketscreener.com |
Almaden Minerals 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 Almaden Stock often depends not only on the future outlook of the current and potential Almaden Minerals' 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. Almaden Minerals' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 137.2 M | |
| Cash And Short Term Investments | 4.2 M |
Almaden Minerals Technical Analysis
Almaden Minerals' future price can be derived by breaking down and analyzing its technical indicators over time. Almaden Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Almaden Minerals. In general, you should focus on analyzing Almaden Stock price patterns and their correlations with different microeconomic environments and drivers.
Almaden Minerals Predictive Forecast Models
Almaden Minerals' time-series forecasting models is one of many Almaden Minerals' 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 Almaden Minerals' 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 Almaden Minerals
Checking the ongoing alerts about Almaden Minerals for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Almaden Minerals help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Almaden Minerals had very high historical volatility over the last 90 days | |
| Almaden Minerals has some characteristics of a very speculative penny stock | |
| Almaden Minerals has a very high chance of going through financial distress in the upcoming years | |
| Net Loss for the year was (63.62 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Almaden Minerals has accumulated about 1.72 M in cash with (1.48 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. | |
| Latest headline from news.google.com: Almadex Minerals Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2024 - Marketscreener.com |
Other Information on Investing in Almaden Stock
Almaden Minerals financial ratios help investors to determine whether Almaden 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 Almaden with respect to the benefits of owning Almaden Minerals security.