Hillgrove Resources (Australia) Probability of Future Stock Price Finishing Over 0.054
| HGO Stock | 0.05 0 1.82% |
Hillgrove |
Hillgrove Resources Target Price Odds to finish over 0.054
The tendency of Hillgrove 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 |
| 0.05 | 90 days | 0.05 | about 80.36 |
Based on a normal probability distribution, the odds of Hillgrove Resources to move above the current price in 90 days from now is about 80.36 (This Hillgrove Resources probability density function shows the probability of Hillgrove Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon Hillgrove Resources has a beta of 0.51. This usually indicates as returns on the market go up, Hillgrove Resources average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Hillgrove Resources will be expected to be much smaller as well. Additionally Hillgrove Resources has an alpha of 0.0048, implying that it can generate a 0.004814 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Hillgrove Resources Price Density |
| Price |
Predictive Modules for Hillgrove Resources
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Hillgrove Resources. 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.Hillgrove Resources Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Hillgrove Resources is not an exception. The market had few large corrections towards the Hillgrove Resources' 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 Hillgrove Resources, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Hillgrove Resources within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0 | |
β | Beta against Dow Jones | 0.51 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | -0.02 |
Hillgrove Resources 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 Hillgrove Resources for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Hillgrove Resources can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Hillgrove Resources has some characteristics of a very speculative penny stock | |
| Hillgrove Resources had very high historical volatility over the last 90 days | |
| Hillgrove Resources has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 40.25 M. Net Loss for the year was (16.33 M) with loss before overhead, payroll, taxes, and interest of (4.54 M). | |
| Hillgrove Resources generates negative cash flow from operations | |
| About 30.0% of the company shares are held by company insiders |
Hillgrove Resources 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 Hillgrove Stock often depends not only on the future outlook of the current and potential Hillgrove Resources' 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. Hillgrove Resources' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 1.7 B | |
| Cash And Short Term Investments | 10.2 M |
Hillgrove Resources Technical Analysis
Hillgrove Resources' future price can be derived by breaking down and analyzing its technical indicators over time. Hillgrove Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Hillgrove Resources. In general, you should focus on analyzing Hillgrove Stock price patterns and their correlations with different microeconomic environments and drivers.
Hillgrove Resources Predictive Forecast Models
Hillgrove Resources' time-series forecasting models is one of many Hillgrove Resources' 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 Hillgrove Resources' 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 Hillgrove Resources
Checking the ongoing alerts about Hillgrove Resources for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Hillgrove Resources help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Hillgrove Resources has some characteristics of a very speculative penny stock | |
| Hillgrove Resources had very high historical volatility over the last 90 days | |
| Hillgrove Resources has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the revenue of 40.25 M. Net Loss for the year was (16.33 M) with loss before overhead, payroll, taxes, and interest of (4.54 M). | |
| Hillgrove Resources generates negative cash flow from operations | |
| About 30.0% of the company shares are held by company insiders |
Additional Tools for Hillgrove Stock Analysis
When running Hillgrove Resources' price analysis, check to measure Hillgrove Resources' 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 Hillgrove Resources is operating at the current time. Most of Hillgrove Resources' value examination focuses on studying past and present price action to predict the probability of Hillgrove Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hillgrove Resources' price. Additionally, you may evaluate how the addition of Hillgrove Resources to your portfolios can decrease your overall portfolio volatility.