Excellon Resources Stock Probability of Future Stock Price Finishing Under 0.00
| EXN Stock | CAD 0.1 0.01 5.00% |
Excellon |
Excellon Resources Target Price Odds to finish below 0.00
The tendency of Excellon 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 drop to C$ 0.00 or more in 90 days |
| 0.1 | 90 days | 0.00 | near 1 |
Based on a normal probability distribution, the odds of Excellon Resources to drop to C$ 0.00 or more in 90 days from now is near 1 (This Excellon Resources probability density function shows the probability of Excellon Stock to fall within a particular range of prices over 90 days) . Probability of Excellon Resources price to stay between C$ 0.00 and its current price of C$0.095 at the end of the 90-day period is nearly 4.6 .
Assuming the 90 days trading horizon Excellon Resources has a beta of -0.7 suggesting as returns on the benchmark increase, returns on holding Excellon Resources are expected to decrease at a much lower rate. During a bear market, however, Excellon Resources is likely to outperform the market. Additionally Excellon Resources has an alpha of 0.1433, implying that it can generate a 0.14 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Excellon Resources Price Density |
| Price |
Predictive Modules for Excellon 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 Excellon 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.Excellon Resources Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Excellon Resources is not an exception. The market had few large corrections towards the Excellon 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 Excellon Resources, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Excellon Resources within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.14 | |
β | Beta against Dow Jones | -0.7 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | -0.0075 |
Excellon 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 Excellon Resources for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Excellon 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.| Excellon Resources had very high historical volatility over the last 90 days | |
| Excellon Resources has some characteristics of a very speculative penny stock | |
| Excellon Resources has a very high chance of going through financial distress in the upcoming years | |
| Excellon Resources has accumulated about 1.47 M in cash with (1.59 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.04. | |
| Roughly 25.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Excellon Resources strikes deal to acquire two new properties in Peru - Proactive Investors USA |
Excellon 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 Excellon Stock often depends not only on the future outlook of the current and potential Excellon 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. Excellon Resources' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 42.9 M | |
| Cash And Short Term Investments | 744 K |
Excellon Resources Technical Analysis
Excellon Resources' future price can be derived by breaking down and analyzing its technical indicators over time. Excellon Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Excellon Resources. In general, you should focus on analyzing Excellon Stock price patterns and their correlations with different microeconomic environments and drivers.
Excellon Resources Predictive Forecast Models
Excellon Resources' time-series forecasting models is one of many Excellon 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 Excellon 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 Excellon Resources
Checking the ongoing alerts about Excellon Resources for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Excellon Resources help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Excellon Resources had very high historical volatility over the last 90 days | |
| Excellon Resources has some characteristics of a very speculative penny stock | |
| Excellon Resources has a very high chance of going through financial distress in the upcoming years | |
| Excellon Resources has accumulated about 1.47 M in cash with (1.59 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.04. | |
| Roughly 25.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Excellon Resources strikes deal to acquire two new properties in Peru - Proactive Investors USA |
Other Information on Investing in Excellon Stock
Excellon Resources financial ratios help investors to determine whether Excellon 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 Excellon with respect to the benefits of owning Excellon Resources security.