Fury Gold Mines Stock Probability of Future Stock Price Finishing Over 11.11
| FURY Stock | USD 0.41 0.01 1.22% |
Fury |
Fury Gold Target Price Odds to finish over 11.11
The tendency of Fury 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 $ 11.11 or more in 90 days |
| 0.41 | 90 days | 11.11 | close to zero percent |
Based on a normal probability distribution, the odds of Fury Gold to move over $ 11.11 or more in 90 days from now is close to zero percent (This Fury Gold Mines probability density function shows the probability of Fury Stock to fall within a particular range of prices over 90 days) . Probability of Fury Gold Mines price to stay between its current price of $ 0.41 and $ 11.11 at the end of the 90-day period is about 84.71 .
Given the investment horizon of 90 days Fury Gold has a beta of 0.51. This usually indicates as returns on the market go up, Fury Gold average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Fury Gold Mines will be expected to be much smaller as well. Additionally Fury Gold Mines has an alpha of 0.1104, implying that it can generate a 0.11 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Fury Gold Price Density |
| Price |
Predictive Modules for Fury 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 Fury 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.Fury Gold Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Fury Gold is not an exception. The market had few large corrections towards the Fury 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 Fury Gold Mines, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Fury Gold within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.11 | |
β | Beta against Dow Jones | 0.51 | |
σ | Overall volatility | 0.03 | |
Ir | Information ratio | 0.02 |
Fury 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 Fury Gold for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Fury 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.| Fury Gold Mines has some characteristics of a very speculative penny stock | |
| Fury Gold Mines had very high historical volatility over the last 90 days | |
| Fury Gold Mines has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (17.21 M) with loss before overhead, payroll, taxes, and interest of (156 K). | |
| Fury Gold Mines currently holds about 12.8 M in cash with (13.06 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.09. | |
| Fury Gold Mines has a frail financial position based on the latest SEC disclosures | |
| Latest headline from news.google.com: Fury Gold Mines Limited Short Interest Update - MarketBeat |
Fury 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 Fury Stock often depends not only on the future outlook of the current and potential Fury 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. Fury Gold's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 144.2 M | |
| Cash And Short Term Investments | 8.5 M |
Fury Gold Technical Analysis
Fury Gold's future price can be derived by breaking down and analyzing its technical indicators over time. Fury Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Fury Gold Mines. In general, you should focus on analyzing Fury Stock price patterns and their correlations with different microeconomic environments and drivers.
Fury Gold Predictive Forecast Models
Fury Gold's time-series forecasting models is one of many Fury 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 Fury 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 Fury Gold Mines
Checking the ongoing alerts about Fury Gold for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Fury Gold Mines help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Fury Gold Mines has some characteristics of a very speculative penny stock | |
| Fury Gold Mines had very high historical volatility over the last 90 days | |
| Fury Gold Mines has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (17.21 M) with loss before overhead, payroll, taxes, and interest of (156 K). | |
| Fury Gold Mines currently holds about 12.8 M in cash with (13.06 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.09. | |
| Fury Gold Mines has a frail financial position based on the latest SEC disclosures | |
| Latest headline from news.google.com: Fury Gold Mines Limited Short Interest Update - MarketBeat |
Additional Tools for Fury Stock Analysis
When running Fury Gold's price analysis, check to measure Fury 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 Fury Gold is operating at the current time. Most of Fury Gold's value examination focuses on studying past and present price action to predict the probability of Fury 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 Fury Gold's price. Additionally, you may evaluate how the addition of Fury Gold to your portfolios can decrease your overall portfolio volatility.