Azimut Exploration Stock Probability of Future Stock Price Finishing Over 4.46
| AZM Stock | CAD 0.63 0.03 4.55% |
Azimut |
Azimut Exploration Target Price Odds to finish over 4.46
The tendency of Azimut 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 C$ 4.46 or more in 90 days |
| 0.63 | 90 days | 4.46 | close to zero percent |
Based on a normal probability distribution, the odds of Azimut Exploration to move over C$ 4.46 or more in 90 days from now is close to zero percent (This Azimut Exploration probability density function shows the probability of Azimut Stock to fall within a particular range of prices over 90 days) . Probability of Azimut Exploration price to stay between its current price of C$ 0.63 and C$ 4.46 at the end of the 90-day period is about 25.28 .
Assuming the 90 days horizon Azimut Exploration has a beta of 0.34. This suggests as returns on the market go up, Azimut Exploration average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Azimut Exploration will be expected to be much smaller as well. Additionally Azimut Exploration has an alpha of 0.4028, implying that it can generate a 0.4 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Azimut Exploration Price Density |
| Price |
Predictive Modules for Azimut Exploration
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Azimut Exploration. 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.Azimut Exploration Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Azimut Exploration is not an exception. The market had few large corrections towards the Azimut Exploration'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 Azimut Exploration, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Azimut Exploration within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.40 | |
β | Beta against Dow Jones | 0.34 | |
σ | Overall volatility | 0.08 | |
Ir | Information ratio | 0.09 |
Azimut Exploration 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 Azimut Exploration for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Azimut Exploration can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Azimut Exploration has some characteristics of a very speculative penny stock | |
| Azimut Exploration had very high historical volatility over the last 90 days | |
| The company reported the revenue of 139.56 K. Net Loss for the year was (1.83 M) with profit before overhead, payroll, taxes, and interest of 107.44 K. | |
| Azimut Exploration has accumulated about 2.73 M in cash with (735.88 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.05. | |
| Roughly 17.0% of the company shares are held by company insiders |
Azimut Exploration 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 Azimut Stock often depends not only on the future outlook of the current and potential Azimut Exploration'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. Azimut Exploration's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 79.7 M | |
| Cash And Short Term Investments | 3.3 M |
Azimut Exploration Technical Analysis
Azimut Exploration's future price can be derived by breaking down and analyzing its technical indicators over time. Azimut Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Azimut Exploration. In general, you should focus on analyzing Azimut Stock price patterns and their correlations with different microeconomic environments and drivers.
Azimut Exploration Predictive Forecast Models
Azimut Exploration's time-series forecasting models is one of many Azimut Exploration'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 Azimut Exploration'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 Azimut Exploration
Checking the ongoing alerts about Azimut Exploration for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Azimut Exploration help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Azimut Exploration has some characteristics of a very speculative penny stock | |
| Azimut Exploration had very high historical volatility over the last 90 days | |
| The company reported the revenue of 139.56 K. Net Loss for the year was (1.83 M) with profit before overhead, payroll, taxes, and interest of 107.44 K. | |
| Azimut Exploration has accumulated about 2.73 M in cash with (735.88 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.05. | |
| Roughly 17.0% of the company shares are held by company insiders |
Additional Tools for Azimut Stock Analysis
When running Azimut Exploration's price analysis, check to measure Azimut Exploration'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 Azimut Exploration is operating at the current time. Most of Azimut Exploration's value examination focuses on studying past and present price action to predict the probability of Azimut Exploration's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Azimut Exploration's price. Additionally, you may evaluate how the addition of Azimut Exploration to your portfolios can decrease your overall portfolio volatility.