Grid Metals Corp Stock Probability of Future Stock Price Finishing Over 0.0333
| GRDM Stock | CAD 0.04 0.01 12.50% |
Grid |
Grid Metals Target Price Odds to finish over 0.0333
The tendency of Grid 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$ 0.03 in 90 days |
| 0.04 | 90 days | 0.03 | about 92.07 |
Based on a normal probability distribution, the odds of Grid Metals to stay above C$ 0.03 in 90 days from now is about 92.07 (This Grid Metals Corp probability density function shows the probability of Grid Stock to fall within a particular range of prices over 90 days) . Probability of Grid Metals Corp price to stay between C$ 0.03 and its current price of C$0.035 at the end of the 90-day period is about 5.26 .
Assuming the 90 days trading horizon Grid Metals Corp has a beta of -0.41. This usually indicates as returns on the benchmark increase, returns on holding Grid Metals are expected to decrease at a much lower rate. During a bear market, however, Grid Metals Corp is likely to outperform the market. Additionally Grid Metals Corp has an alpha of 0.0161, implying that it can generate a 0.0161 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Grid Metals Price Density |
| Price |
Predictive Modules for Grid 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 Grid 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.Grid Metals Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Grid Metals is not an exception. The market had few large corrections towards the Grid 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 Grid Metals Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Grid Metals within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.02 | |
β | Beta against Dow Jones | -0.41 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | -0.02 |
Grid 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 Grid Metals for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Grid 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.| Grid Metals Corp generated a negative expected return over the last 90 days | |
| Grid Metals Corp has high historical volatility and very poor performance | |
| Grid Metals Corp has some characteristics of a very speculative penny stock | |
| Grid Metals Corp has a very high chance of going through financial distress in the upcoming years | |
| Net Loss for the year was (10.37 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Grid Metals Corp has accumulated about 1.15 M in cash with (8.14 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.03. | |
| Roughly 15.0% of the company shares are held by company insiders |
Grid 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 Grid Stock often depends not only on the future outlook of the current and potential Grid 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. Grid Metals' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 203.9 M |
Grid Metals Technical Analysis
Grid Metals' future price can be derived by breaking down and analyzing its technical indicators over time. Grid Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Grid Metals Corp. In general, you should focus on analyzing Grid Stock price patterns and their correlations with different microeconomic environments and drivers.
Grid Metals Predictive Forecast Models
Grid Metals' time-series forecasting models is one of many Grid 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 Grid 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 Grid Metals Corp
Checking the ongoing alerts about Grid Metals for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Grid Metals Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Grid Metals Corp generated a negative expected return over the last 90 days | |
| Grid Metals Corp has high historical volatility and very poor performance | |
| Grid Metals Corp has some characteristics of a very speculative penny stock | |
| Grid Metals Corp has a very high chance of going through financial distress in the upcoming years | |
| Net Loss for the year was (10.37 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Grid Metals Corp has accumulated about 1.15 M in cash with (8.14 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.03. | |
| Roughly 15.0% of the company shares are held by company insiders |
Additional Tools for Grid Stock Analysis
When running Grid Metals' price analysis, check to measure Grid 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 Grid Metals is operating at the current time. Most of Grid Metals' value examination focuses on studying past and present price action to predict the probability of Grid Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Grid Metals' price. Additionally, you may evaluate how the addition of Grid Metals to your portfolios can decrease your overall portfolio volatility.