Granada Gold Mine Stock Probability of Future Stock Price Finishing Over 0.0312
| GGM Stock | CAD 0.03 0.00 0.00% |
Granada |
Granada Gold Target Price Odds to finish over 0.0312
The tendency of Granada 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$ 0.03 or more in 90 days |
| 0.03 | 90 days | 0.03 | about 64.92 |
Based on a normal probability distribution, the odds of Granada Gold to move over C$ 0.03 or more in 90 days from now is about 64.92 (This Granada Gold Mine probability density function shows the probability of Granada Stock to fall within a particular range of prices over 90 days) . Probability of Granada Gold Mine price to stay between its current price of C$ 0.03 and C$ 0.03 at the end of the 90-day period is about 6.55 .
Assuming the 90 days horizon Granada Gold Mine has a beta of -1.95. This usually indicates as returns on its benchmark rise, returns on holding Granada Gold Mine are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Granada Gold is expected to outperform its benchmark. Moreover Granada Gold Mine has an alpha of 1.4762, implying that it can generate a 1.48 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Granada Gold Price Density |
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Predictive Modules for Granada 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 Granada Gold Mine. 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.Granada Gold Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Granada Gold is not an exception. The market had few large corrections towards the Granada 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 Granada Gold Mine, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Granada Gold within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 1.48 | |
β | Beta against Dow Jones | -1.95 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | 0.1 |
Granada 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 Granada Gold for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Granada Gold Mine can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Granada Gold Mine is way too risky over 90 days horizon | |
| Granada Gold Mine has some characteristics of a very speculative penny stock | |
| Granada Gold Mine appears to be risky and price may revert if volatility continues | |
| Granada Gold Mine has high likelihood to experience some financial distress in the next 2 years | |
| Granada Gold Mine has accumulated 1.28 M in total debt. Granada Gold Mine has a current ratio of 0.05, 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 Granada Gold until it has trouble settling it off, either with new capital or with free cash flow. So, Granada 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 Granada Gold Mine sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Granada to invest in growth at high rates of return. When we think about Granada Gold's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (2.88 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Granada Gold Mine has accumulated about 8.51 K in cash with (122.75 K) of positive cash flow from operations. | |
| Latest headline from news.google.com: Granada Gold Mine Inc. Reports Earnings Results for the First Quarter Ended September 30, 2024 - Marketscreener.com |
Granada 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 Granada Stock often depends not only on the future outlook of the current and potential Granada 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. Granada Gold's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 150.5 M | |
| Cash And Short Term Investments | 134.5 K |
Granada Gold Technical Analysis
Granada Gold's future price can be derived by breaking down and analyzing its technical indicators over time. Granada Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Granada Gold Mine. In general, you should focus on analyzing Granada Stock price patterns and their correlations with different microeconomic environments and drivers.
Granada Gold Predictive Forecast Models
Granada Gold's time-series forecasting models is one of many Granada 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 Granada 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 Granada Gold Mine
Checking the ongoing alerts about Granada Gold for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Granada Gold Mine help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Granada Gold Mine is way too risky over 90 days horizon | |
| Granada Gold Mine has some characteristics of a very speculative penny stock | |
| Granada Gold Mine appears to be risky and price may revert if volatility continues | |
| Granada Gold Mine has high likelihood to experience some financial distress in the next 2 years | |
| Granada Gold Mine has accumulated 1.28 M in total debt. Granada Gold Mine has a current ratio of 0.05, 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 Granada Gold until it has trouble settling it off, either with new capital or with free cash flow. So, Granada 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 Granada Gold Mine sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Granada to invest in growth at high rates of return. When we think about Granada Gold's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (2.88 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Granada Gold Mine has accumulated about 8.51 K in cash with (122.75 K) of positive cash flow from operations. | |
| Latest headline from news.google.com: Granada Gold Mine Inc. Reports Earnings Results for the First Quarter Ended September 30, 2024 - Marketscreener.com |
Additional Tools for Granada Stock Analysis
When running Granada Gold's price analysis, check to measure Granada 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 Granada Gold is operating at the current time. Most of Granada Gold's value examination focuses on studying past and present price action to predict the probability of Granada 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 Granada Gold's price. Additionally, you may evaluate how the addition of Granada Gold to your portfolios can decrease your overall portfolio volatility.