Gitennes Exploration Stock Probability of Future Stock Price Finishing Over 21.23
| GIT Stock | CAD 0.28 0.02 6.67% |
Gitennes |
Gitennes Exploration Target Price Odds to finish over 21.23
The tendency of Gitennes 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$ 21.23 or more in 90 days |
| 0.28 | 90 days | 21.23 | close to zero percent |
Based on a normal probability distribution, the odds of Gitennes Exploration to move over C$ 21.23 or more in 90 days from now is close to zero percent (This Gitennes Exploration probability density function shows the probability of Gitennes Stock to fall within a particular range of prices over 90 days) . Probability of Gitennes Exploration price to stay between its current price of C$ 0.28 and C$ 21.23 at the end of the 90-day period is about 7.19 .
Assuming the 90 days horizon Gitennes Exploration has a beta of 0.69. This usually indicates as returns on the market go up, Gitennes Exploration average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Gitennes Exploration will be expected to be much smaller as well. In addition to that Gitennes Exploration has an alpha of 3.6186, implying that it can generate a 3.62 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Gitennes Exploration Price Density |
| Price |
Predictive Modules for Gitennes Exploration
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Gitennes Exploration. 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.Gitennes Exploration Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Gitennes Exploration is not an exception. The market had few large corrections towards the Gitennes Exploration'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 Gitennes Exploration, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Gitennes Exploration within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 3.62 | |
β | Beta against Dow Jones | 0.69 | |
σ | Overall volatility | 0.08 | |
Ir | Information ratio | 0.18 |
Gitennes Exploration 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 Gitennes Exploration for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Gitennes Exploration can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Gitennes Exploration is way too risky over 90 days horizon | |
| Gitennes Exploration has some characteristics of a very speculative penny stock | |
| Gitennes Exploration appears to be risky and price may revert if volatility continues | |
| Gitennes Exploration has accumulated 490.22 K in total debt with debt to equity ratio (D/E) of 27.8, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Gitennes Exploration 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 Gitennes Exploration until it has trouble settling it off, either with new capital or with free cash flow. So, Gitennes Exploration'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 Gitennes Exploration sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Gitennes to invest in growth at high rates of return. When we think about Gitennes Exploration's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (435.95 K) with profit before overhead, payroll, taxes, and interest of 0. | |
| Gitennes Exploration has accumulated about 6.8 K in cash with (72.05 K) of positive cash flow from operations. | |
| Roughly 15.0% of Gitennes Exploration shares are held by company insiders |
Gitennes Exploration 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 Gitennes Stock often depends not only on the future outlook of the current and potential Gitennes Exploration'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. Gitennes Exploration's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 6.9 M | |
| Shares Float | 6.4 M |
Gitennes Exploration Technical Analysis
Gitennes Exploration's future price can be derived by breaking down and analyzing its technical indicators over time. Gitennes Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Gitennes Exploration. In general, you should focus on analyzing Gitennes Stock price patterns and their correlations with different microeconomic environments and drivers.
Gitennes Exploration Predictive Forecast Models
Gitennes Exploration's time-series forecasting models is one of many Gitennes Exploration'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 Gitennes Exploration'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 Gitennes Exploration
Checking the ongoing alerts about Gitennes Exploration for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Gitennes Exploration help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Gitennes Exploration is way too risky over 90 days horizon | |
| Gitennes Exploration has some characteristics of a very speculative penny stock | |
| Gitennes Exploration appears to be risky and price may revert if volatility continues | |
| Gitennes Exploration has accumulated 490.22 K in total debt with debt to equity ratio (D/E) of 27.8, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Gitennes Exploration 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 Gitennes Exploration until it has trouble settling it off, either with new capital or with free cash flow. So, Gitennes Exploration'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 Gitennes Exploration sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Gitennes to invest in growth at high rates of return. When we think about Gitennes Exploration's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (435.95 K) with profit before overhead, payroll, taxes, and interest of 0. | |
| Gitennes Exploration has accumulated about 6.8 K in cash with (72.05 K) of positive cash flow from operations. | |
| Roughly 15.0% of Gitennes Exploration shares are held by company insiders |
Additional Tools for Gitennes Stock Analysis
When running Gitennes Exploration's price analysis, check to measure Gitennes Exploration'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 Gitennes Exploration is operating at the current time. Most of Gitennes Exploration's value examination focuses on studying past and present price action to predict the probability of Gitennes Exploration's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gitennes Exploration's price. Additionally, you may evaluate how the addition of Gitennes Exploration to your portfolios can decrease your overall portfolio volatility.