E79 Gold (Australia) Odds of Future Stock Price Finishing Under 0.026
| E79 Stock | 0.02 0 4.55% |
E79 |
E79 Gold Target Price Odds to finish below 0.026
The tendency of E79 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 stay under 0.03 after 90 days |
| 0.02 | 90 days | 0.03 | about 28.3 |
Based on a normal probability distribution, the odds of E79 Gold to stay under 0.03 after 90 days from now is about 28.3 (This E79 Gold Mines probability density function shows the probability of E79 Stock to fall within a particular range of prices over 90 days) . Probability of E79 Gold Mines price to stay between its current price of 0.02 and 0.03 at the end of the 90-day period is about 28.28 .
Assuming the 90 days trading horizon E79 Gold Mines has a beta of -0.48 suggesting as returns on the benchmark increase, returns on holding E79 Gold are expected to decrease at a much lower rate. During a bear market, however, E79 Gold Mines is likely to outperform the market. Additionally E79 Gold Mines 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. E79 Gold Price Density |
| Price |
Predictive Modules for E79 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 E79 Gold Mines. 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.E79 Gold Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. E79 Gold is not an exception. The market had few large corrections towards the E79 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 E79 Gold Mines, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of E79 Gold within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.34 | |
β | Beta against Dow Jones | -0.48 | |
σ | Overall volatility | 0 | |
Ir | Information ratio | -0.1 |
E79 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 E79 Gold for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for E79 Gold Mines can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| E79 Gold Mines generated a negative expected return over the last 90 days | |
| E79 Gold Mines has high historical volatility and very poor performance | |
| E79 Gold Mines has some characteristics of a very speculative penny stock | |
| E79 Gold Mines has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 15.66 K. Net Loss for the year was (2.74 M) with profit before overhead, payroll, taxes, and interest of 7.18 K. | |
| E79 Gold Mines has accumulated about 4.5 M in cash with (3 M) of positive cash flow from operations. | |
| Roughly 30.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Agnico-Eagle Mines stock outlook stable, valuation seen aligned with gold sector leadership - Investing.com Australia |
E79 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 E79 Stock often depends not only on the future outlook of the current and potential E79 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. E79 Gold's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 81.6 M | |
| Cash And Short Term Investments | 2.1 M |
E79 Gold Technical Analysis
E79 Gold's future price can be derived by breaking down and analyzing its technical indicators over time. E79 Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of E79 Gold Mines. In general, you should focus on analyzing E79 Stock price patterns and their correlations with different microeconomic environments and drivers.
E79 Gold Predictive Forecast Models
E79 Gold's time-series forecasting models is one of many E79 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 E79 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 E79 Gold Mines
Checking the ongoing alerts about E79 Gold for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for E79 Gold Mines help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| E79 Gold Mines generated a negative expected return over the last 90 days | |
| E79 Gold Mines has high historical volatility and very poor performance | |
| E79 Gold Mines has some characteristics of a very speculative penny stock | |
| E79 Gold Mines has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 15.66 K. Net Loss for the year was (2.74 M) with profit before overhead, payroll, taxes, and interest of 7.18 K. | |
| E79 Gold Mines has accumulated about 4.5 M in cash with (3 M) of positive cash flow from operations. | |
| Roughly 30.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Agnico-Eagle Mines stock outlook stable, valuation seen aligned with gold sector leadership - Investing.com Australia |
Additional Tools for E79 Stock Analysis
When running E79 Gold's price analysis, check to measure E79 Gold's 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 E79 Gold is operating at the current time. Most of E79 Gold's value examination focuses on studying past and present price action to predict the probability of E79 Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move E79 Gold's price. Additionally, you may evaluate how the addition of E79 Gold to your portfolios can decrease your overall portfolio volatility.