Asante Gold Stock Probability of Future Pink Sheet Price Finishing Over 9.18
| ASGOF Stock | USD 0.85 0.05 5.56% |
Asante |
Asante Gold Target Price Odds to finish over 9.18
The tendency of Asante Pink Sheet 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 $ 9.18 or more in 90 days |
| 0.85 | 90 days | 9.18 | close to zero percent |
Based on a normal probability distribution, the odds of Asante Gold to move over $ 9.18 or more in 90 days from now is close to zero percent (This Asante Gold probability density function shows the probability of Asante Pink Sheet to fall within a particular range of prices over 90 days) . Probability of Asante Gold price to stay between its current price of $ 0.85 and $ 9.18 at the end of the 90-day period is roughly 97.0 .
Assuming the 90 days horizon Asante Gold has a beta of 0.24. This suggests as returns on the market go up, Asante Gold average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Asante Gold will be expected to be much smaller as well. Additionally Asante Gold 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. Asante Gold Price Density |
| Price |
Predictive Modules for Asante 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 Asante Gold. Regardless of method or technology, however, to accurately forecast the pink sheet market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the pink sheet 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.Asante Gold Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Asante Gold is not an exception. The market had few large corrections towards the Asante 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 Asante Gold, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Asante Gold within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.04 | |
β | Beta against Dow Jones | 0.24 | |
σ | Overall volatility | 0.07 | |
Ir | Information ratio | -0.05 |
Asante 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 Asante Gold for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Asante 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.| Asante Gold generated a negative expected return over the last 90 days | |
| Asante Gold has some characteristics of a very speculative penny stock | |
| Asante Gold has high likelihood to experience some financial distress in the next 2 years | |
| Asante Gold has accumulated 136.25 K in total debt with debt to equity ratio (D/E) of 0.0, which may suggest the company is not taking enough advantage from borrowing. Asante Gold has a current ratio of 0.42, 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 Asante Gold until it has trouble settling it off, either with new capital or with free cash flow. So, Asante Gold'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 Asante Gold sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Asante to invest in growth at high rates of return. When we think about Asante Gold's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (8.48 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Asante Gold has accumulated about 114.49 M in cash with (2.27 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.32. | |
| Roughly 43.0% of Asante Gold shares are held by company insiders |
Asante 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 Asante Pink Sheet often depends not only on the future outlook of the current and potential Asante 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. Asante Gold's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 252.7 M |
Asante Gold Technical Analysis
Asante Gold's future price can be derived by breaking down and analyzing its technical indicators over time. Asante Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Asante Gold. In general, you should focus on analyzing Asante Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
Asante Gold Predictive Forecast Models
Asante Gold's time-series forecasting models is one of many Asante Gold's pink sheet 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 Asante 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 pink sheet market movement and maximize returns from investment trading.
Things to note about Asante Gold
Checking the ongoing alerts about Asante Gold for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Asante Gold help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Asante Gold generated a negative expected return over the last 90 days | |
| Asante Gold has some characteristics of a very speculative penny stock | |
| Asante Gold has high likelihood to experience some financial distress in the next 2 years | |
| Asante Gold has accumulated 136.25 K in total debt with debt to equity ratio (D/E) of 0.0, which may suggest the company is not taking enough advantage from borrowing. Asante Gold has a current ratio of 0.42, 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 Asante Gold until it has trouble settling it off, either with new capital or with free cash flow. So, Asante Gold'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 Asante Gold sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Asante to invest in growth at high rates of return. When we think about Asante Gold's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (8.48 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Asante Gold has accumulated about 114.49 M in cash with (2.27 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.32. | |
| Roughly 43.0% of Asante Gold shares are held by company insiders |
Other Information on Investing in Asante Pink Sheet
Asante Gold financial ratios help investors to determine whether Asante Pink Sheet 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 Asante with respect to the benefits of owning Asante Gold security.