Centerra Gold Stock Probability of Future Stock Price Finishing Over 8.79
| CG Stock | CAD 8.32 0.40 4.59% |
Centerra |
Centerra Gold Target Price Odds to finish over 8.79
The tendency of Centerra 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$ 8.79 or more in 90 days |
| 8.32 | 90 days | 8.79 | about 83.33 |
Based on a normal probability distribution, the odds of Centerra Gold to move over C$ 8.79 or more in 90 days from now is about 83.33 (This Centerra Gold probability density function shows the probability of Centerra Stock to fall within a particular range of prices over 90 days) . Probability of Centerra Gold price to stay between its current price of C$ 8.32 and C$ 8.79 at the end of the 90-day period is about 12.56 .
Assuming the 90 days horizon Centerra Gold has a beta of -0.17 suggesting as returns on the benchmark increase, returns on holding Centerra Gold are expected to decrease at a much lower rate. During a bear market, however, Centerra Gold is likely to outperform the market. Additionally Centerra 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. Centerra Gold Price Density |
| Price |
Predictive Modules for Centerra 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 Centerra 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 Centerra 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.
Centerra Gold Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Centerra Gold is not an exception. The market had few large corrections towards the Centerra 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 Centerra Gold, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Centerra Gold within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.18 | |
β | Beta against Dow Jones | -0.17 | |
σ | Overall volatility | 0.61 | |
Ir | Information ratio | -0.13 |
Centerra 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 Centerra Gold for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Centerra 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.| Centerra Gold generated a negative expected return over the last 90 days | |
| The company reported the revenue of 1.09 B. Net Loss for the year was (81.28 M) with profit before overhead, payroll, taxes, and interest of 242.57 M. | |
| Over 91.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from news.google.com: 10 Best Gold Stocks Under 30 - Insider Monkey |
Centerra 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 Centerra Stock often depends not only on the future outlook of the current and potential Centerra 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. Centerra Gold's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 218.4 M | |
| Cash And Short Term Investments | 615.8 M |
Centerra Gold Technical Analysis
Centerra Gold's future price can be derived by breaking down and analyzing its technical indicators over time. Centerra Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Centerra Gold. In general, you should focus on analyzing Centerra Stock price patterns and their correlations with different microeconomic environments and drivers.
Centerra Gold Predictive Forecast Models
Centerra Gold's time-series forecasting models is one of many Centerra 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 Centerra 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 Centerra Gold
Checking the ongoing alerts about Centerra Gold for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Centerra Gold help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Centerra Gold generated a negative expected return over the last 90 days | |
| The company reported the revenue of 1.09 B. Net Loss for the year was (81.28 M) with profit before overhead, payroll, taxes, and interest of 242.57 M. | |
| Over 91.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from news.google.com: 10 Best Gold Stocks Under 30 - Insider Monkey |
Check out Centerra Gold Backtesting, Centerra Gold Valuation, Centerra Gold Correlation, Centerra Gold Hype Analysis, Centerra Gold Volatility, Centerra Gold History as well as Centerra Gold Performance. To learn how to invest in Centerra Stock, please use our How to Invest in Centerra Gold guide.You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.