Galane Gold Stock Probability of Future Stock Price Finishing Under 0.02
| GG Stock | CAD 0.32 0.03 8.57% |
Galane |
Galane Gold Target Price Odds to finish below 0.02
The tendency of Galane 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$ 0.02 or more in 90 days |
| 0.32 | 90 days | 0.02 | near 1 |
Based on a normal probability distribution, the odds of Galane Gold to drop to C$ 0.02 or more in 90 days from now is near 1 (This Galane Gold probability density function shows the probability of Galane Stock to fall within a particular range of prices over 90 days) . Probability of Galane Gold price to stay between C$ 0.02 and its current price of C$0.32 at the end of the 90-day period is about 86.52 .
Given the investment horizon of 90 days Galane Gold has a beta of 0.49. This usually indicates as returns on the market go up, Galane Gold average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Galane Gold will be expected to be much smaller as well. Additionally Galane Gold has an alpha of 0.1259, implying that it can generate a 0.13 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Galane Gold Price Density |
| Price |
Predictive Modules for Galane 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 Galane Gold. 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.Galane Gold Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Galane Gold is not an exception. The market had few large corrections towards the Galane 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 Galane Gold, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Galane Gold within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.13 | |
β | Beta against Dow Jones | 0.49 | |
σ | Overall volatility | 0.04 | |
Ir | Information ratio | 0.01 |
Galane 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 Galane Gold for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Galane Gold can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Galane Gold had very high historical volatility over the last 90 days | |
| Galane Gold has some characteristics of a very speculative penny stock | |
| Galane Gold currently holds 4.55 M in liabilities with Debt to Equity (D/E) ratio of 0.03, which may suggest the company is not taking enough advantage from borrowing. Galane Gold has a current ratio of 0.49, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Galane Gold until it has trouble settling it off, either with new capital or with free cash flow. So, Galane Gold's 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 Galane Gold sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Galane to invest in growth at high rates of return. When we think about Galane Gold's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the previous year's revenue of 9.37 M. Net Loss for the year was (2.15 M) with loss before overhead, payroll, taxes, and interest of (429.66 K). | |
| Galane Gold currently holds about 414.14 K in cash with (18.76 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. | |
| Roughly 18.0% of Galane Gold shares are held by company insiders |
Galane 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 Galane Stock often depends not only on the future outlook of the current and potential Galane 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. Galane Gold's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 71.3 M | |
| Cash And Short Term Investments | 113.2 K |
Galane Gold Technical Analysis
Galane Gold's future price can be derived by breaking down and analyzing its technical indicators over time. Galane Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Galane Gold. In general, you should focus on analyzing Galane Stock price patterns and their correlations with different microeconomic environments and drivers.
Galane Gold Predictive Forecast Models
Galane Gold's time-series forecasting models is one of many Galane 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 Galane 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 Galane Gold
Checking the ongoing alerts about Galane Gold for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Galane Gold help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Galane Gold had very high historical volatility over the last 90 days | |
| Galane Gold has some characteristics of a very speculative penny stock | |
| Galane Gold currently holds 4.55 M in liabilities with Debt to Equity (D/E) ratio of 0.03, which may suggest the company is not taking enough advantage from borrowing. Galane Gold has a current ratio of 0.49, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Galane Gold until it has trouble settling it off, either with new capital or with free cash flow. So, Galane Gold's 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 Galane Gold sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Galane to invest in growth at high rates of return. When we think about Galane Gold's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the previous year's revenue of 9.37 M. Net Loss for the year was (2.15 M) with loss before overhead, payroll, taxes, and interest of (429.66 K). | |
| Galane Gold currently holds about 414.14 K in cash with (18.76 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.01. | |
| Roughly 18.0% of Galane Gold shares are held by company insiders |
Additional Tools for Galane Stock Analysis
When running Galane Gold's price analysis, check to measure Galane 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 Galane Gold is operating at the current time. Most of Galane Gold's value examination focuses on studying past and present price action to predict the probability of Galane 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 Galane Gold's price. Additionally, you may evaluate how the addition of Galane Gold to your portfolios can decrease your overall portfolio volatility.