Independence Gold Corp Stock Probability of Future Stock Price Finishing Under 0.24
| IGO Stock | CAD 0.22 0.01 4.76% |
Independence |
Independence Gold Target Price Odds to finish below 0.24
The tendency of Independence 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 under C$ 0.24 after 90 days |
| 0.22 | 90 days | 0.24 | about 64.02 |
Based on a normal probability distribution, the odds of Independence Gold to stay under C$ 0.24 after 90 days from now is about 64.02 (This Independence Gold Corp probability density function shows the probability of Independence Stock to fall within a particular range of prices over 90 days) . Probability of Independence Gold Corp price to stay between its current price of C$ 0.22 and C$ 0.24 at the end of the 90-day period is about 28.29 .
Assuming the 90 days horizon Independence Gold Corp has a beta of -0.66. This usually indicates as returns on the benchmark increase, returns on holding Independence Gold are expected to decrease at a much lower rate. During a bear market, however, Independence Gold Corp is likely to outperform the market. Additionally Independence Gold Corp has an alpha of 0.1368, implying that it can generate a 0.14 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Independence Gold Price Density |
| Price |
Predictive Modules for Independence Gold
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Independence Gold 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.Independence Gold Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Independence Gold is not an exception. The market had few large corrections towards the Independence Gold'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 Independence Gold Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Independence Gold within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.14 | |
β | Beta against Dow Jones | -0.66 | |
σ | Overall volatility | 0.03 | |
Ir | Information ratio | -0.01 |
Independence Gold 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 Independence Gold for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Independence Gold 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.| Independence Gold had very high historical volatility over the last 90 days | |
| Independence Gold has some characteristics of a very speculative penny stock | |
| Net Loss for the year was (3.81 M) with loss before overhead, payroll, taxes, and interest of (1.28 K). | |
| Independence Gold Corp has accumulated about 1.98 M in cash with (3.36 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.04. | |
| Latest headline from news.google.com: Independence Gold Advances Winter Drilling Program - TipRanks |
Independence Gold 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 Independence Stock often depends not only on the future outlook of the current and potential Independence Gold'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. Independence Gold's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 138.7 M | |
| Cash And Short Term Investments | 3.6 M |
Independence Gold Technical Analysis
Independence Gold's future price can be derived by breaking down and analyzing its technical indicators over time. Independence Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Independence Gold Corp. In general, you should focus on analyzing Independence Stock price patterns and their correlations with different microeconomic environments and drivers.
Independence Gold Predictive Forecast Models
Independence Gold's time-series forecasting models is one of many Independence Gold'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 Independence Gold'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 Independence Gold Corp
Checking the ongoing alerts about Independence Gold for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Independence Gold Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Independence Gold had very high historical volatility over the last 90 days | |
| Independence Gold has some characteristics of a very speculative penny stock | |
| Net Loss for the year was (3.81 M) with loss before overhead, payroll, taxes, and interest of (1.28 K). | |
| Independence Gold Corp has accumulated about 1.98 M in cash with (3.36 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.04. | |
| Latest headline from news.google.com: Independence Gold Advances Winter Drilling Program - TipRanks |
Additional Tools for Independence Stock Analysis
When running Independence Gold's price analysis, check to measure Independence Gold's 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 Independence Gold is operating at the current time. Most of Independence Gold's value examination focuses on studying past and present price action to predict the probability of Independence Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Independence Gold's price. Additionally, you may evaluate how the addition of Independence Gold to your portfolios can decrease your overall portfolio volatility.