Hannan Metals Stock Probability of Future Stock Price Finishing Over 0.42
| HAN Stock | CAD 0.49 0.02 3.92% |
Hannan |
Hannan Metals Target Price Odds to finish over 0.42
The tendency of Hannan 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$ 0.42 in 90 days |
| 0.49 | 90 days | 0.42 | about 99.0 |
Based on a normal probability distribution, the odds of Hannan Metals to stay above C$ 0.42 in 90 days from now is about 99.0 (This Hannan Metals probability density function shows the probability of Hannan Stock to fall within a particular range of prices over 90 days) . Probability of Hannan Metals price to stay between C$ 0.42 and its current price of C$0.49 at the end of the 90-day period is about 15.69 .
Assuming the 90 days horizon Hannan Metals has a beta of -0.0051. This usually indicates as returns on the benchmark increase, returns on holding Hannan Metals are expected to decrease at a much lower rate. During a bear market, however, Hannan Metals is likely to outperform the market. Additionally Hannan Metals 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. Hannan Metals Price Density |
| Price |
Predictive Modules for Hannan 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 Hannan Metals. 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.Hannan Metals Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Hannan Metals is not an exception. The market had few large corrections towards the Hannan 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 Hannan Metals, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Hannan Metals within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.13 | |
β | Beta against Dow Jones | -0.0051 | |
σ | Overall volatility | 0.05 | |
Ir | Information ratio | -0.05 |
Hannan 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 Hannan Metals for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Hannan Metals can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Hannan Metals generated a negative expected return over the last 90 days | |
| Hannan Metals has some characteristics of a very speculative penny stock | |
| Hannan Metals has high historical volatility and very poor performance | |
| Hannan Metals has high likelihood to experience some financial distress in the next 2 years | |
| Hannan Metals has accumulated 325.16 K in total debt with debt to equity ratio (D/E) of 9.0, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Hannan Metals has a current ratio of 0.92, 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 Hannan Metals until it has trouble settling it off, either with new capital or with free cash flow. So, Hannan Metals' 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 Hannan Metals sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Hannan to invest in growth at high rates of return. When we think about Hannan Metals' use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (5.71 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Hannan Metals has accumulated about 217.02 K in cash with (860.08 K) of positive cash flow from operations. | |
| Latest headline from news.google.com: Hannan Announces AGM Results and Appointment of New Director - AccessWire |
Hannan 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 Hannan Stock often depends not only on the future outlook of the current and potential Hannan 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. Hannan Metals' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 109.6 M |
Hannan Metals Technical Analysis
Hannan Metals' future price can be derived by breaking down and analyzing its technical indicators over time. Hannan Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Hannan Metals. In general, you should focus on analyzing Hannan Stock price patterns and their correlations with different microeconomic environments and drivers.
Hannan Metals Predictive Forecast Models
Hannan Metals' time-series forecasting models is one of many Hannan 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 Hannan 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 Hannan Metals
Checking the ongoing alerts about Hannan Metals for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Hannan Metals help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Hannan Metals generated a negative expected return over the last 90 days | |
| Hannan Metals has some characteristics of a very speculative penny stock | |
| Hannan Metals has high historical volatility and very poor performance | |
| Hannan Metals has high likelihood to experience some financial distress in the next 2 years | |
| Hannan Metals has accumulated 325.16 K in total debt with debt to equity ratio (D/E) of 9.0, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Hannan Metals has a current ratio of 0.92, 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 Hannan Metals until it has trouble settling it off, either with new capital or with free cash flow. So, Hannan Metals' 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 Hannan Metals sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Hannan to invest in growth at high rates of return. When we think about Hannan Metals' use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (5.71 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Hannan Metals has accumulated about 217.02 K in cash with (860.08 K) of positive cash flow from operations. | |
| Latest headline from news.google.com: Hannan Announces AGM Results and Appointment of New Director - AccessWire |
Additional Tools for Hannan Stock Analysis
When running Hannan Metals' price analysis, check to measure Hannan 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 Hannan Metals is operating at the current time. Most of Hannan Metals' value examination focuses on studying past and present price action to predict the probability of Hannan Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hannan Metals' price. Additionally, you may evaluate how the addition of Hannan Metals to your portfolios can decrease your overall portfolio volatility.