Goldbank Mining Corp Stock Probability of Future Stock Price Finishing Over 0.23
| GLB Stock | CAD 0.23 0.01 4.17% |
Goldbank |
Goldbank Mining Target Price Odds to finish over 0.23
The tendency of Goldbank 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 above the current price in 90 days |
| 0.23 | 90 days | 0.23 | about 22.32 |
Based on a normal probability distribution, the odds of Goldbank Mining to move above the current price in 90 days from now is about 22.32 (This Goldbank Mining Corp probability density function shows the probability of Goldbank Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days horizon Goldbank Mining Corp has a beta of -2.28. This usually indicates as returns on its benchmark rise, returns on holding Goldbank Mining Corp are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Goldbank Mining is expected to outperform its benchmark. Moreover Goldbank Mining Corp has an alpha of 1.3921, implying that it can generate a 1.39 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Goldbank Mining Price Density |
| Price |
Predictive Modules for Goldbank Mining
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Goldbank Mining 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.Goldbank Mining Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Goldbank Mining is not an exception. The market had few large corrections towards the Goldbank Mining'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 Goldbank Mining Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Goldbank Mining within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 1.39 | |
β | Beta against Dow Jones | -2.28 | |
σ | Overall volatility | 0.04 | |
Ir | Information ratio | 0.07 |
Goldbank Mining 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 Goldbank Mining for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Goldbank Mining 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.| Goldbank Mining Corp is way too risky over 90 days horizon | |
| Goldbank Mining Corp has some characteristics of a very speculative penny stock | |
| Goldbank Mining Corp appears to be risky and price may revert if volatility continues | |
| Goldbank Mining Corp has high likelihood to experience some financial distress in the next 2 years | |
| Goldbank Mining Corp has accumulated 5 K in total debt with debt to equity ratio (D/E) of 8.85, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Goldbank Mining Corp 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 Goldbank Mining until it has trouble settling it off, either with new capital or with free cash flow. So, Goldbank Mining'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 Goldbank Mining Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Goldbank to invest in growth at high rates of return. When we think about Goldbank Mining's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (2.86 M) with loss before overhead, payroll, taxes, and interest of (4.6 K). | |
| Goldbank Mining Corp has accumulated about 387.11 K in cash with (2.21 M) of positive cash flow from operations. | |
| Roughly 65.0% of Goldbank Mining shares are held by company insiders |
Goldbank Mining 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 Goldbank Stock often depends not only on the future outlook of the current and potential Goldbank Mining'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. Goldbank Mining's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 169.9 M |
Goldbank Mining Technical Analysis
Goldbank Mining's future price can be derived by breaking down and analyzing its technical indicators over time. Goldbank Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Goldbank Mining Corp. In general, you should focus on analyzing Goldbank Stock price patterns and their correlations with different microeconomic environments and drivers.
Goldbank Mining Predictive Forecast Models
Goldbank Mining's time-series forecasting models is one of many Goldbank Mining'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 Goldbank Mining'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 Goldbank Mining Corp
Checking the ongoing alerts about Goldbank Mining for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Goldbank Mining Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Goldbank Mining Corp is way too risky over 90 days horizon | |
| Goldbank Mining Corp has some characteristics of a very speculative penny stock | |
| Goldbank Mining Corp appears to be risky and price may revert if volatility continues | |
| Goldbank Mining Corp has high likelihood to experience some financial distress in the next 2 years | |
| Goldbank Mining Corp has accumulated 5 K in total debt with debt to equity ratio (D/E) of 8.85, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Goldbank Mining Corp 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 Goldbank Mining until it has trouble settling it off, either with new capital or with free cash flow. So, Goldbank Mining'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 Goldbank Mining Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Goldbank to invest in growth at high rates of return. When we think about Goldbank Mining's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (2.86 M) with loss before overhead, payroll, taxes, and interest of (4.6 K). | |
| Goldbank Mining Corp has accumulated about 387.11 K in cash with (2.21 M) of positive cash flow from operations. | |
| Roughly 65.0% of Goldbank Mining shares are held by company insiders |
Additional Tools for Goldbank Stock Analysis
When running Goldbank Mining's price analysis, check to measure Goldbank Mining'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 Goldbank Mining is operating at the current time. Most of Goldbank Mining's value examination focuses on studying past and present price action to predict the probability of Goldbank Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Goldbank Mining's price. Additionally, you may evaluate how the addition of Goldbank Mining to your portfolios can decrease your overall portfolio volatility.