Freegold Ventures Limited Stock Probability of Future Stock Price Finishing Over 5.92
| FVL Stock | CAD 0.80 0.03 3.61% |
Freegold |
Freegold Ventures Target Price Odds to finish over 5.92
The tendency of Freegold 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$ 5.92 or more in 90 days |
| 0.80 | 90 days | 5.92 | close to zero percent |
Based on a normal probability distribution, the odds of Freegold Ventures to move over C$ 5.92 or more in 90 days from now is close to zero percent (This Freegold Ventures Limited probability density function shows the probability of Freegold Stock to fall within a particular range of prices over 90 days) . Probability of Freegold Ventures price to stay between its current price of C$ 0.80 and C$ 5.92 at the end of the 90-day period is about 87.15 .
Assuming the 90 days trading horizon Freegold Ventures Limited has a beta of -0.39. This usually indicates as returns on the benchmark increase, returns on holding Freegold Ventures are expected to decrease at a much lower rate. During a bear market, however, Freegold Ventures Limited is likely to outperform the market. Additionally Freegold Ventures Limited has an alpha of 0.5302, implying that it can generate a 0.53 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Freegold Ventures Price Density |
| Price |
Predictive Modules for Freegold Ventures
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Freegold Ventures. 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.Freegold Ventures Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Freegold Ventures is not an exception. The market had few large corrections towards the Freegold Ventures' 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 Freegold Ventures Limited, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Freegold Ventures within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.53 | |
β | Beta against Dow Jones | -0.39 | |
σ | Overall volatility | 0.15 | |
Ir | Information ratio | 0.07 |
Freegold Ventures 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 Freegold Ventures for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Freegold Ventures can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Freegold Ventures generated a negative expected return over the last 90 days | |
| Freegold Ventures has some characteristics of a very speculative penny stock | |
| Freegold Ventures has high historical volatility and very poor performance | |
| Freegold Ventures has high likelihood to experience some financial distress in the next 2 years | |
| Freegold Ventures Limited has accumulated 70.77 K in total debt with debt to equity ratio (D/E) of 0.3, which may suggest the company is not taking enough advantage from borrowing. Freegold Ventures has a current ratio of 0.66, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Freegold Ventures until it has trouble settling it off, either with new capital or with free cash flow. So, Freegold Ventures' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Freegold Ventures sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Freegold to invest in growth at high rates of return. When we think about Freegold Ventures' use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (3.1 K) with profit before overhead, payroll, taxes, and interest of 0. | |
| Freegold Ventures Limited has accumulated about 653.39 K in cash with (907) of positive cash flow from operations. | |
| Roughly 28.0% of Freegold Ventures shares are held by company insiders |
Freegold Ventures 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 Freegold Stock often depends not only on the future outlook of the current and potential Freegold Ventures' 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. Freegold Ventures' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 393.6 M | |
| Cash And Short Term Investments | 2 M |
Freegold Ventures Technical Analysis
Freegold Ventures' future price can be derived by breaking down and analyzing its technical indicators over time. Freegold Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Freegold Ventures Limited. In general, you should focus on analyzing Freegold Stock price patterns and their correlations with different microeconomic environments and drivers.
Freegold Ventures Predictive Forecast Models
Freegold Ventures' time-series forecasting models is one of many Freegold Ventures' 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 Freegold Ventures' 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 Freegold Ventures
Checking the ongoing alerts about Freegold Ventures for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Freegold Ventures help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Freegold Ventures generated a negative expected return over the last 90 days | |
| Freegold Ventures has some characteristics of a very speculative penny stock | |
| Freegold Ventures has high historical volatility and very poor performance | |
| Freegold Ventures has high likelihood to experience some financial distress in the next 2 years | |
| Freegold Ventures Limited has accumulated 70.77 K in total debt with debt to equity ratio (D/E) of 0.3, which may suggest the company is not taking enough advantage from borrowing. Freegold Ventures has a current ratio of 0.66, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Freegold Ventures until it has trouble settling it off, either with new capital or with free cash flow. So, Freegold Ventures' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Freegold Ventures sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Freegold to invest in growth at high rates of return. When we think about Freegold Ventures' use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (3.1 K) with profit before overhead, payroll, taxes, and interest of 0. | |
| Freegold Ventures Limited has accumulated about 653.39 K in cash with (907) of positive cash flow from operations. | |
| Roughly 28.0% of Freegold Ventures shares are held by company insiders |
Other Information on Investing in Freegold Stock
Freegold Ventures financial ratios help investors to determine whether Freegold 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 Freegold with respect to the benefits of owning Freegold Ventures security.