Giga Metals Corp Stock Probability of Future Stock Price Finishing Over 0.11
| GIGA Stock | CAD 0.13 0.01 7.14% |
Giga |
Giga Metals Target Price Odds to finish over 0.11
The tendency of Giga 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 C$ 0.11 in 90 days |
| 0.13 | 90 days | 0.11 | close to 99 |
Based on a normal probability distribution, the odds of Giga Metals to stay above C$ 0.11 in 90 days from now is close to 99 (This Giga Metals Corp probability density function shows the probability of Giga Stock to fall within a particular range of prices over 90 days) . Probability of Giga Metals Corp price to stay between C$ 0.11 and its current price of C$0.13 at the end of the 90-day period is about 8.8 .
Assuming the 90 days trading horizon Giga Metals Corp has a beta of -0.34. This usually indicates as returns on the benchmark increase, returns on holding Giga Metals are expected to decrease at a much lower rate. During a bear market, however, Giga Metals Corp is likely to outperform the market. Additionally Giga Metals Corp has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Giga Metals Price Density |
| Price |
Predictive Modules for Giga 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 Giga Metals Corp. 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.Giga Metals Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Giga Metals is not an exception. The market had few large corrections towards the Giga 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 Giga Metals Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Giga Metals within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.16 | |
β | Beta against Dow Jones | -0.34 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | -0.06 |
Giga 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 Giga Metals for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Giga Metals Corp can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Giga Metals Corp had very high historical volatility over the last 90 days | |
| Giga Metals Corp has some characteristics of a very speculative penny stock | |
| Net Loss for the year was (2.06 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Giga Metals Corp has accumulated about 3.37 M in cash with (1.45 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.06. | |
| Latest headline from news.google.com: Giga Metals Debt-to-EBITDA -0.06 - GuruFocus.com |
Giga 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 Giga Stock often depends not only on the future outlook of the current and potential Giga 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. Giga Metals' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 97.9 M | |
| Cash And Short Term Investments | 1.5 M |
Giga Metals Technical Analysis
Giga Metals' future price can be derived by breaking down and analyzing its technical indicators over time. Giga Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Giga Metals Corp. In general, you should focus on analyzing Giga Stock price patterns and their correlations with different microeconomic environments and drivers.
Giga Metals Predictive Forecast Models
Giga Metals' time-series forecasting models is one of many Giga 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 Giga 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 Giga Metals Corp
Checking the ongoing alerts about Giga Metals for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Giga Metals Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Giga Metals Corp had very high historical volatility over the last 90 days | |
| Giga Metals Corp has some characteristics of a very speculative penny stock | |
| Net Loss for the year was (2.06 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Giga Metals Corp has accumulated about 3.37 M in cash with (1.45 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.06. | |
| Latest headline from news.google.com: Giga Metals Debt-to-EBITDA -0.06 - GuruFocus.com |
Additional Tools for Giga Stock Analysis
When running Giga Metals' price analysis, check to measure Giga 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 Giga Metals is operating at the current time. Most of Giga Metals' value examination focuses on studying past and present price action to predict the probability of Giga Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Giga Metals' price. Additionally, you may evaluate how the addition of Giga Metals to your portfolios can decrease your overall portfolio volatility.