Canadian Manganese Stock Probability of Future OTC Stock Price Finishing Over 0.01
| CDMNF Stock | USD 0.01 0.01 1,900% |
Canadian |
Canadian Manganese Target Price Odds to finish over 0.01
The tendency of Canadian OTC 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 |
| 0.01 | 90 days | 0.01 | about 62.75 |
Based on a normal probability distribution, the odds of Canadian Manganese to move above the current price in 90 days from now is about 62.75 (This Canadian Manganese probability density function shows the probability of Canadian OTC Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days horizon Canadian Manganese has a beta of -32.09 suggesting as returns on its benchmark rise, returns on holding Canadian Manganese are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Canadian Manganese is expected to outperform its benchmark. In addition to that Canadian Manganese has an alpha of 28.6428, implying that it can generate a 28.64 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Canadian Manganese Price Density |
| Price |
Predictive Modules for Canadian Manganese
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Canadian Manganese. Regardless of method or technology, however, to accurately forecast the otc stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the otc 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.Canadian Manganese Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Canadian Manganese is not an exception. The market had few large corrections towards the Canadian Manganese'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 Canadian Manganese, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Canadian Manganese within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 28.64 | |
β | Beta against Dow Jones | -32.09 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | 0.11 |
Canadian Manganese 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 Canadian Manganese for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Canadian Manganese can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Canadian Manganese is way too risky over 90 days horizon | |
| Canadian Manganese has some characteristics of a very speculative penny stock | |
| Canadian Manganese appears to be risky and price may revert if volatility continues | |
| Canadian Manganese has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (13.69 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Canadian Manganese has accumulated about 2.8 M in cash with (1.07 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.02, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Roughly 28.0% of the company shares are held by company insiders |
Canadian Manganese 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 Canadian OTC Stock often depends not only on the future outlook of the current and potential Canadian Manganese'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. Canadian Manganese's indicators that are reflective of the short sentiment are summarized in the table below.
Canadian Manganese Technical Analysis
Canadian Manganese's future price can be derived by breaking down and analyzing its technical indicators over time. Canadian OTC Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Canadian Manganese. In general, you should focus on analyzing Canadian OTC Stock price patterns and their correlations with different microeconomic environments and drivers.
Canadian Manganese Predictive Forecast Models
Canadian Manganese's time-series forecasting models is one of many Canadian Manganese's otc 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 Canadian Manganese'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 otc stock market movement and maximize returns from investment trading.
Things to note about Canadian Manganese
Checking the ongoing alerts about Canadian Manganese for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Canadian Manganese help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Canadian Manganese is way too risky over 90 days horizon | |
| Canadian Manganese has some characteristics of a very speculative penny stock | |
| Canadian Manganese appears to be risky and price may revert if volatility continues | |
| Canadian Manganese has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (13.69 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Canadian Manganese has accumulated about 2.8 M in cash with (1.07 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.02, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Roughly 28.0% of the company shares are held by company insiders |
Other Information on Investing in Canadian OTC Stock
Canadian Manganese financial ratios help investors to determine whether Canadian OTC 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 Canadian with respect to the benefits of owning Canadian Manganese security.