Exgen Resources Stock Probability of Future Stock Price Finishing Over 0.0705
| EXG Stock | CAD 0.09 0.01 12.50% |
ExGen |
ExGen Resources Target Price Odds to finish over 0.0705
The tendency of ExGen 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 above C$ 0.07 in 90 days |
| 0.09 | 90 days | 0.07 | about 86.35 |
Based on a normal probability distribution, the odds of ExGen Resources to stay above C$ 0.07 in 90 days from now is about 86.35 (This ExGen Resources probability density function shows the probability of ExGen Stock to fall within a particular range of prices over 90 days) . Probability of ExGen Resources price to stay between C$ 0.07 and its current price of C$0.09 at the end of the 90-day period is about 54.21 .
Assuming the 90 days horizon ExGen Resources has a beta of -1.04 suggesting Additionally ExGen Resources has an alpha of 0.5056, implying that it can generate a 0.51 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). ExGen Resources Price Density |
| Price |
Predictive Modules for ExGen Resources
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ExGen Resources. 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.ExGen Resources Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. ExGen Resources is not an exception. The market had few large corrections towards the ExGen Resources' 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 ExGen Resources, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of ExGen Resources within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.51 | |
β | Beta against Dow Jones | -1.04 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | 0.04 |
ExGen Resources 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 ExGen Resources for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for ExGen Resources can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| ExGen Resources had very high historical volatility over the last 90 days | |
| ExGen Resources has some characteristics of a very speculative penny stock | |
| Net Loss for the year was (185.53 K) with profit before overhead, payroll, taxes, and interest of 0. | |
| About 24.0% of the company shares are held by company insiders |
ExGen Resources 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 ExGen Stock often depends not only on the future outlook of the current and potential ExGen Resources' 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. ExGen Resources' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 63.9 M | |
| Shares Float | 48.3 M |
ExGen Resources Technical Analysis
ExGen Resources' future price can be derived by breaking down and analyzing its technical indicators over time. ExGen Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of ExGen Resources. In general, you should focus on analyzing ExGen Stock price patterns and their correlations with different microeconomic environments and drivers.
ExGen Resources Predictive Forecast Models
ExGen Resources' time-series forecasting models is one of many ExGen Resources' 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 ExGen Resources' 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 ExGen Resources
Checking the ongoing alerts about ExGen Resources for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for ExGen Resources help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| ExGen Resources had very high historical volatility over the last 90 days | |
| ExGen Resources has some characteristics of a very speculative penny stock | |
| Net Loss for the year was (185.53 K) with profit before overhead, payroll, taxes, and interest of 0. | |
| About 24.0% of the company shares are held by company insiders |
Additional Tools for ExGen Stock Analysis
When running ExGen Resources' price analysis, check to measure ExGen Resources' 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 ExGen Resources is operating at the current time. Most of ExGen Resources' value examination focuses on studying past and present price action to predict the probability of ExGen Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ExGen Resources' price. Additionally, you may evaluate how the addition of ExGen Resources to your portfolios can decrease your overall portfolio volatility.