Asa Gold And Stock Odds of Future Stock Price Finishing Over 22.01
| ASA Stock | USD 20.00 0.40 2.04% |
ASA |
ASA Gold Target Price Odds to finish over 22.01
The tendency of ASA 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 $ 22.01 or more in 90 days |
| 20.00 | 90 days | 22.01 | about 9.58 |
Based on a normal probability distribution, the odds of ASA Gold to move over $ 22.01 or more in 90 days from now is about 9.58 (This ASA Gold and probability density function shows the probability of ASA Stock to fall within a particular range of prices over 90 days) . Probability of ASA Gold price to stay between its current price of $ 20.00 and $ 22.01 at the end of the 90-day period is about 75.93 .
Considering the 90-day investment horizon ASA Gold has a beta of 0.19. This suggests as returns on the market go up, ASA Gold average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding ASA Gold and will be expected to be much smaller as well. Additionally ASA Gold and 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. ASA Gold Price Density |
| Price |
Predictive Modules for ASA Gold
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ASA Gold. 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 ASA Gold'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.
ASA Gold Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. ASA Gold is not an exception. The market had few large corrections towards the ASA Gold'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 ASA Gold and, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of ASA Gold within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.04 | |
β | Beta against Dow Jones | 0.19 | |
σ | Overall volatility | 0.85 | |
Ir | Information ratio | -0.04 |
ASA Gold 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 ASA Gold for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for ASA Gold can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| ASA Gold generated a negative expected return over the last 90 days | |
| ASA Gold has high likelihood to experience some financial distress in the next 2 years | |
| About 60.0% of the company shares are held by institutions such as insurance companies | |
| On 20th of November 2024 ASA Gold paid $ 0.02 per share dividend to its current shareholders | |
| Latest headline from prnewswire.com: Aker ASA Mandatory Notification of Trade |
ASA Gold 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 ASA Stock often depends not only on the future outlook of the current and potential ASA Gold'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. ASA Gold's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 19.5 M | |
| Cash And Short Term Investments | 4.8 M | |
| Forward Annual Dividend Rate | 0.04 | |
| Shares Float | 15.7 M |
ASA Gold Technical Analysis
ASA Gold's future price can be derived by breaking down and analyzing its technical indicators over time. ASA Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of ASA Gold and. In general, you should focus on analyzing ASA Stock price patterns and their correlations with different microeconomic environments and drivers.
ASA Gold Predictive Forecast Models
ASA Gold's time-series forecasting models is one of many ASA Gold'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 ASA Gold'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 ASA Gold
Checking the ongoing alerts about ASA Gold for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for ASA Gold help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| ASA Gold generated a negative expected return over the last 90 days | |
| ASA Gold has high likelihood to experience some financial distress in the next 2 years | |
| About 60.0% of the company shares are held by institutions such as insurance companies | |
| On 20th of November 2024 ASA Gold paid $ 0.02 per share dividend to its current shareholders | |
| Latest headline from prnewswire.com: Aker ASA Mandatory Notification of Trade |
Check out ASA Gold Backtesting, ASA Gold Valuation, ASA Gold Correlation, ASA Gold Hype Analysis, ASA Gold Volatility, ASA Gold History as well as ASA Gold Performance. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ASA Gold. If investors know ASA will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ASA Gold listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 3.282 | Dividend Share 0.03 | Earnings Share 3.25 | Revenue Per Share 0.104 | Quarterly Revenue Growth (0.44) |
The market value of ASA Gold is measured differently than its book value, which is the value of ASA that is recorded on the company's balance sheet. Investors also form their own opinion of ASA Gold's value that differs from its market value or its book value, called intrinsic value, which is ASA Gold's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ASA Gold's market value can be influenced by many factors that don't directly affect ASA Gold's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ASA Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if ASA Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ASA Gold's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.