Camino Minerals Stock Probability of Future Stock Price Finishing Over 15.78
| COR Stock | CAD 0.05 0.01 25.00% |
Camino |
Camino Minerals Target Price Odds to finish over 15.78
The tendency of Camino 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$ 15.78 or more in 90 days |
| 0.05 | 90 days | 15.78 | close to zero percent |
Based on a normal probability distribution, the odds of Camino Minerals to move over C$ 15.78 or more in 90 days from now is close to zero percent (This Camino Minerals probability density function shows the probability of Camino Stock to fall within a particular range of prices over 90 days) . Probability of Camino Minerals price to stay between its current price of C$ 0.05 and C$ 15.78 at the end of the 90-day period is about 29.97 .
Assuming the 90 days horizon Camino Minerals has a beta of 0.11 suggesting as returns on the market go up, Camino Minerals average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Camino Minerals will be expected to be much smaller as well. Additionally Camino Minerals has an alpha of 0.1053, implying that it can generate a 0.11 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Camino Minerals Price Density |
| Price |
Predictive Modules for Camino Minerals
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Camino Minerals. 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.Camino Minerals Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Camino Minerals is not an exception. The market had few large corrections towards the Camino Minerals' 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 Camino Minerals, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Camino Minerals within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.11 | |
β | Beta against Dow Jones | 0.11 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | 0 |
Camino Minerals 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 Camino Minerals for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Camino Minerals can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Camino Minerals had very high historical volatility over the last 90 days | |
| Camino Minerals has some characteristics of a very speculative penny stock | |
| Camino Minerals has accumulated 108.81 K in total debt with debt to equity ratio (D/E) of 0.23, which may suggest the company is not taking enough advantage from borrowing. Camino Minerals has a current ratio of 0.96, 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 Camino Minerals until it has trouble settling it off, either with new capital or with free cash flow. So, Camino Minerals' 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 Camino Minerals sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Camino to invest in growth at high rates of return. When we think about Camino Minerals' use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (3.11 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Camino Minerals has accumulated about 70.51 K in cash with (2.13 M) of positive cash flow from operations. |
Camino Minerals 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 Camino Stock often depends not only on the future outlook of the current and potential Camino Minerals' 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. Camino Minerals' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 173.3 M | |
| Cash And Short Term Investments | 947.1 K |
Camino Minerals Technical Analysis
Camino Minerals' future price can be derived by breaking down and analyzing its technical indicators over time. Camino Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Camino Minerals. In general, you should focus on analyzing Camino Stock price patterns and their correlations with different microeconomic environments and drivers.
Camino Minerals Predictive Forecast Models
Camino Minerals' time-series forecasting models is one of many Camino Minerals' 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 Camino Minerals' 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 Camino Minerals
Checking the ongoing alerts about Camino Minerals for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Camino Minerals help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Camino Minerals had very high historical volatility over the last 90 days | |
| Camino Minerals has some characteristics of a very speculative penny stock | |
| Camino Minerals has accumulated 108.81 K in total debt with debt to equity ratio (D/E) of 0.23, which may suggest the company is not taking enough advantage from borrowing. Camino Minerals has a current ratio of 0.96, 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 Camino Minerals until it has trouble settling it off, either with new capital or with free cash flow. So, Camino Minerals' 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 Camino Minerals sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Camino to invest in growth at high rates of return. When we think about Camino Minerals' use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (3.11 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Camino Minerals has accumulated about 70.51 K in cash with (2.13 M) of positive cash flow from operations. |
Additional Tools for Camino Stock Analysis
When running Camino Minerals' price analysis, check to measure Camino Minerals' 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 Camino Minerals is operating at the current time. Most of Camino Minerals' value examination focuses on studying past and present price action to predict the probability of Camino Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Camino Minerals' price. Additionally, you may evaluate how the addition of Camino Minerals to your portfolios can decrease your overall portfolio volatility.