Calibre Mining Corp Stock Probability of Future Stock Price Finishing Over 2.93
| CXB Stock | CAD 2.44 0.09 3.83% |
Calibre |
Calibre Mining Target Price Odds to finish over 2.93
The tendency of Calibre 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$ 2.93 or more in 90 days |
| 2.44 | 90 days | 2.93 | about 1.42 |
Based on a normal probability distribution, the odds of Calibre Mining to move over C$ 2.93 or more in 90 days from now is about 1.42 (This Calibre Mining Corp probability density function shows the probability of Calibre Stock to fall within a particular range of prices over 90 days) . Probability of Calibre Mining Corp price to stay between its current price of C$ 2.44 and C$ 2.93 at the end of the 90-day period is about 54.25 .
Assuming the 90 days trading horizon Calibre Mining Corp has a beta of -0.38 suggesting as returns on the benchmark increase, returns on holding Calibre Mining are expected to decrease at a much lower rate. During a bear market, however, Calibre Mining Corp is likely to outperform the market. Additionally Calibre Mining Corp has an alpha of 0.1527, implying that it can generate a 0.15 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Calibre Mining Price Density |
| Price |
Predictive Modules for Calibre Mining
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Calibre Mining Corp. 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.Calibre Mining Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Calibre Mining is not an exception. The market had few large corrections towards the Calibre Mining'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 Calibre Mining Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Calibre Mining within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.15 | |
β | Beta against Dow Jones | -0.38 | |
σ | Overall volatility | 0.21 | |
Ir | Information ratio | -0.004 |
Calibre Mining 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 Calibre Mining for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Calibre Mining Corp can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Latest headline from news.google.com: Calibre Mining Hits Exceptional 14.22 gt Gold Over 37m at Limon Complex CXBMF Stock News - StockTitan |
Calibre Mining 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 Calibre Stock often depends not only on the future outlook of the current and potential Calibre Mining'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. Calibre Mining's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 473.9 M | |
| Cash And Short Term Investments | 86.2 M |
Calibre Mining Technical Analysis
Calibre Mining's future price can be derived by breaking down and analyzing its technical indicators over time. Calibre Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Calibre Mining Corp. In general, you should focus on analyzing Calibre Stock price patterns and their correlations with different microeconomic environments and drivers.
Calibre Mining Predictive Forecast Models
Calibre Mining's time-series forecasting models is one of many Calibre Mining'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 Calibre Mining'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 Calibre Mining Corp
Checking the ongoing alerts about Calibre Mining for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Calibre Mining Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Latest headline from news.google.com: Calibre Mining Hits Exceptional 14.22 gt Gold Over 37m at Limon Complex CXBMF Stock News - StockTitan |
Other Information on Investing in Calibre Stock
Calibre Mining financial ratios help investors to determine whether Calibre 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 Calibre with respect to the benefits of owning Calibre Mining security.