Contango Ore Stock Probability of Future Stock Price Finishing Over 29.35
| CTGO Stock | USD 14.08 3.88 21.60% |
Contango |
Contango ORE Target Price Odds to finish over 29.35
The tendency of Contango 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 $ 29.35 or more in 90 days |
| 14.08 | 90 days | 29.35 | near 1 |
Based on a normal probability distribution, the odds of Contango ORE to move over $ 29.35 or more in 90 days from now is near 1 (This Contango ORE probability density function shows the probability of Contango Stock to fall within a particular range of prices over 90 days) . Probability of Contango ORE price to stay between its current price of $ 14.08 and $ 29.35 at the end of the 90-day period is close to 99 .
Given the investment horizon of 90 days Contango ORE has a beta of 0.62 suggesting as returns on the market go up, Contango ORE average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Contango ORE will be expected to be much smaller as well. Additionally Contango ORE 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. Contango ORE Price Density |
| Price |
Predictive Modules for Contango ORE
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Contango ORE. 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.Contango ORE Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Contango ORE is not an exception. The market had few large corrections towards the Contango ORE'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 Contango ORE, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Contango ORE within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.55 | |
β | Beta against Dow Jones | 0.62 | |
σ | Overall volatility | 1.66 | |
Ir | Information ratio | -0.14 |
Contango ORE 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 Contango ORE for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Contango ORE can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Contango ORE generated a negative expected return over the last 90 days | |
| Contango ORE has high historical volatility and very poor performance | |
| Contango ORE has a very high chance of going through financial distress in the upcoming years | |
| Net Loss for the year was (81.53 K) with profit before overhead, payroll, taxes, and interest of 0. | |
| Contango ORE currently holds about 23.1 M in cash with (18.86 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.41. | |
| Contango ORE has a frail financial position based on the latest SEC disclosures | |
| Roughly 38.0% of the company shares are held by company insiders | |
| Latest headline from seekingalpha.com: Contango ORE plunges after guiding for 25 percent higher costs at Alaska gold mine |
Contango ORE 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 Contango Stock often depends not only on the future outlook of the current and potential Contango ORE'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. Contango ORE's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 9.2 M | |
| Cash And Short Term Investments | 15.5 M |
Contango ORE Technical Analysis
Contango ORE's future price can be derived by breaking down and analyzing its technical indicators over time. Contango Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Contango ORE. In general, you should focus on analyzing Contango Stock price patterns and their correlations with different microeconomic environments and drivers.
Contango ORE Predictive Forecast Models
Contango ORE's time-series forecasting models is one of many Contango ORE'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 Contango ORE'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 Contango ORE
Checking the ongoing alerts about Contango ORE for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Contango ORE help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Contango ORE generated a negative expected return over the last 90 days | |
| Contango ORE has high historical volatility and very poor performance | |
| Contango ORE has a very high chance of going through financial distress in the upcoming years | |
| Net Loss for the year was (81.53 K) with profit before overhead, payroll, taxes, and interest of 0. | |
| Contango ORE currently holds about 23.1 M in cash with (18.86 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.41. | |
| Contango ORE has a frail financial position based on the latest SEC disclosures | |
| Roughly 38.0% of the company shares are held by company insiders | |
| Latest headline from seekingalpha.com: Contango ORE plunges after guiding for 25 percent higher costs at Alaska gold mine |
Check out Contango ORE Backtesting, Contango ORE Valuation, Contango ORE Correlation, Contango ORE Hype Analysis, Contango ORE Volatility, Contango ORE History as well as Contango ORE Performance. To learn how to invest in Contango Stock, please use our How to Invest in Contango ORE guide.You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Is Diversified Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Contango ORE. If investors know Contango will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Contango ORE listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (7.04) | Return On Assets (0.21) | Return On Equity (5.05) |
The market value of Contango ORE is measured differently than its book value, which is the value of Contango that is recorded on the company's balance sheet. Investors also form their own opinion of Contango ORE's value that differs from its market value or its book value, called intrinsic value, which is Contango ORE's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Contango ORE's market value can be influenced by many factors that don't directly affect Contango ORE's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Contango ORE's value and its price as these two are different measures arrived at by different means. Investors typically determine if Contango ORE is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Contango ORE's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.