Globe Metals (Australia) Probability of Future Stock Price Finishing Over 0.039
| GBE Stock | 0.04 0 2.38% |
Globe |
Globe Metals Target Price Odds to finish over 0.039
The tendency of Globe 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 0.04 in 90 days |
| 0.04 | 90 days | 0.04 | about 78.63 |
Based on a normal probability distribution, the odds of Globe Metals to stay above 0.04 in 90 days from now is about 78.63 (This Globe Metals Mining probability density function shows the probability of Globe Stock to fall within a particular range of prices over 90 days) . Probability of Globe Metals Mining price to stay between 0.04 and its current price of 0.041 at the end of the 90-day period is about 21.36 .
Assuming the 90 days trading horizon Globe Metals Mining has a beta of -2.13. This usually indicates as returns on its benchmark rise, returns on holding Globe Metals Mining are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Globe Metals is expected to outperform its benchmark. Additionally Globe Metals Mining has an alpha of 0.1101, implying that it can generate a 0.11 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Globe Metals Price Density |
| Price |
Predictive Modules for Globe Metals
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Globe Metals Mining. 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.Globe Metals Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Globe Metals is not an exception. The market had few large corrections towards the Globe Metals' 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 Globe Metals Mining, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Globe Metals within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.11 | |
β | Beta against Dow Jones | -2.13 | |
σ | Overall volatility | 0 | |
Ir | Information ratio | -0.04 |
Globe Metals 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 Globe Metals for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Globe Metals Mining can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Globe Metals Mining generated a negative expected return over the last 90 days | |
| Globe Metals Mining has some characteristics of a very speculative penny stock | |
| Globe Metals Mining has high historical volatility and very poor performance | |
| Net Loss for the year was (3.43 M) with profit before overhead, payroll, taxes, and interest of 2 K. | |
| Globe Metals generates negative cash flow from operations | |
| About 84.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Year wrapped Globe Metals Mining outlook for 2025 - Proactive financial news |
Globe Metals 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 Globe Stock often depends not only on the future outlook of the current and potential Globe Metals' 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. Globe Metals' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 639.7 M | |
| Cash And Short Term Investments | 1.1 M |
Globe Metals Technical Analysis
Globe Metals' future price can be derived by breaking down and analyzing its technical indicators over time. Globe Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Globe Metals Mining. In general, you should focus on analyzing Globe Stock price patterns and their correlations with different microeconomic environments and drivers.
Globe Metals Predictive Forecast Models
Globe Metals' time-series forecasting models is one of many Globe Metals' 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 Globe Metals' 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 Globe Metals Mining
Checking the ongoing alerts about Globe Metals for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Globe Metals Mining help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Globe Metals Mining generated a negative expected return over the last 90 days | |
| Globe Metals Mining has some characteristics of a very speculative penny stock | |
| Globe Metals Mining has high historical volatility and very poor performance | |
| Net Loss for the year was (3.43 M) with profit before overhead, payroll, taxes, and interest of 2 K. | |
| Globe Metals generates negative cash flow from operations | |
| About 84.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Year wrapped Globe Metals Mining outlook for 2025 - Proactive financial news |
Additional Tools for Globe Stock Analysis
When running Globe Metals' price analysis, check to measure Globe Metals' 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 Globe Metals is operating at the current time. Most of Globe Metals' value examination focuses on studying past and present price action to predict the probability of Globe Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Globe Metals' price. Additionally, you may evaluate how the addition of Globe Metals to your portfolios can decrease your overall portfolio volatility.