Hannan Metals Stock Probability of Future Pink Sheet Price Finishing Over 0.516
| HANNF Stock | USD 0.43 0.01 2.38% |
Hannan |
Hannan Metals Target Price Odds to finish over 0.516
The tendency of Hannan Pink Sheet 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 $ 0.52 or more in 90 days |
| 0.43 | 90 days | 0.52 | near 1 |
Based on a normal probability distribution, the odds of Hannan Metals to move over $ 0.52 or more in 90 days from now is near 1 (This Hannan Metals probability density function shows the probability of Hannan Pink Sheet to fall within a particular range of prices over 90 days) . Probability of Hannan Metals price to stay between its current price of $ 0.43 and $ 0.52 at the end of the 90-day period is about 24.66 .
Assuming the 90 days horizon Hannan Metals has a beta of -0.0046. 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 pink sheet market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the pink sheet 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 | -0.01 | |
β | Beta against Dow Jones | -0.0046 | |
σ | Overall volatility | 0.04 | |
Ir | Information ratio | -0.03 |
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 has some characteristics of a very speculative penny stock | |
| Hannan Metals had very high historical volatility over the last 90 days | |
| Hannan Metals has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (881.07 K) with profit before overhead, payroll, taxes, and interest of 0. | |
| Hannan Metals has accumulated about 2.38 M in cash with (727.03 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.02. |
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 Pink Sheet 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 | 92.8 M |
Hannan Metals Technical Analysis
Hannan Metals' future price can be derived by breaking down and analyzing its technical indicators over time. Hannan Pink Sheet 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 Pink Sheet 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' pink sheet 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 pink sheet 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 has some characteristics of a very speculative penny stock | |
| Hannan Metals had very high historical volatility over the last 90 days | |
| Hannan Metals has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (881.07 K) with profit before overhead, payroll, taxes, and interest of 0. | |
| Hannan Metals has accumulated about 2.38 M in cash with (727.03 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.02. |
Other Information on Investing in Hannan Pink Sheet
Hannan Metals financial ratios help investors to determine whether Hannan Pink Sheet 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 Hannan with respect to the benefits of owning Hannan Metals security.