Globex Mining Enterprises Stock Probability of Future Stock Price Finishing Under 1.06
| GMX Stock | CAD 1.08 0.03 2.70% |
Globex |
Globex Mining Target Price Odds to finish below 1.06
The tendency of Globex 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$ 1.06 or more in 90 days |
| 1.08 | 90 days | 1.06 | about 84.05 |
Based on a normal probability distribution, the odds of Globex Mining to drop to C$ 1.06 or more in 90 days from now is about 84.05 (This Globex Mining Enterprises probability density function shows the probability of Globex Stock to fall within a particular range of prices over 90 days) . Probability of Globex Mining Enterprises price to stay between C$ 1.06 and its current price of C$1.08 at the end of the 90-day period is nearly 4.36 .
Assuming the 90 days trading horizon Globex Mining has a beta of 0.0384. This usually indicates as returns on the market go up, Globex Mining average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Globex Mining Enterprises will be expected to be much smaller as well. Additionally Globex Mining Enterprises has an alpha of 0.325, implying that it can generate a 0.33 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Globex Mining Price Density |
| Price |
Predictive Modules for Globex 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 Globex Mining Enterprises. 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.Globex Mining Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Globex Mining is not an exception. The market had few large corrections towards the Globex 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 Globex Mining Enterprises, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Globex Mining within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.33 | |
β | Beta against Dow Jones | 0.04 | |
σ | Overall volatility | 0.10 | |
Ir | Information ratio | 0.09 |
Globex 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 Globex Mining for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Globex Mining Enterprises can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Globex Mining has some characteristics of a very speculative penny stock | |
| Globex Mining is unlikely to experience financial distress in the next 2 years | |
| About 13.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Globex Mining Announces New Drilling by O3 Mining - TipRanks |
Globex 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 Globex Stock often depends not only on the future outlook of the current and potential Globex 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. Globex Mining's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 56.5 M | |
| Cash And Short Term Investments | 24.6 M |
Globex Mining Technical Analysis
Globex Mining's future price can be derived by breaking down and analyzing its technical indicators over time. Globex Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Globex Mining Enterprises. In general, you should focus on analyzing Globex Stock price patterns and their correlations with different microeconomic environments and drivers.
Globex Mining Predictive Forecast Models
Globex Mining's time-series forecasting models is one of many Globex 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 Globex 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 Globex Mining Enterprises
Checking the ongoing alerts about Globex Mining for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Globex Mining Enterprises help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Globex Mining has some characteristics of a very speculative penny stock | |
| Globex Mining is unlikely to experience financial distress in the next 2 years | |
| About 13.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Globex Mining Announces New Drilling by O3 Mining - TipRanks |
Other Information on Investing in Globex Stock
Globex Mining financial ratios help investors to determine whether Globex Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Globex with respect to the benefits of owning Globex Mining security.