Kumba Iron Ore Stock Probability of Future Pink Sheet Price Finishing Under 3.07
| KIROY Stock | USD 6.23 0.08 1.30% |
Kumba |
Kumba Iron Target Price Odds to finish below 3.07
The tendency of Kumba 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 drop to $ 3.07 or more in 90 days |
| 6.23 | 90 days | 3.07 | near 1 |
Based on a normal probability distribution, the odds of Kumba Iron to drop to $ 3.07 or more in 90 days from now is near 1 (This Kumba Iron Ore probability density function shows the probability of Kumba Pink Sheet to fall within a particular range of prices over 90 days) . Probability of Kumba Iron Ore price to stay between $ 3.07 and its current price of $6.23 at the end of the 90-day period is about 16.38 .
Assuming the 90 days horizon Kumba Iron has a beta of 0.63. This indicates as returns on the market go up, Kumba Iron average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Kumba Iron Ore will be expected to be much smaller as well. Additionally Kumba Iron Ore 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. Kumba Iron Price Density |
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Predictive Modules for Kumba Iron
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Kumba Iron Ore. 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.Kumba Iron Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Kumba Iron is not an exception. The market had few large corrections towards the Kumba Iron'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 Kumba Iron Ore, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Kumba Iron within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.18 | |
β | Beta against Dow Jones | 0.63 | |
σ | Overall volatility | 0.46 | |
Ir | Information ratio | -0.08 |
Kumba Iron 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 Kumba Pink Sheet often depends not only on the future outlook of the current and potential Kumba Iron'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. Kumba Iron's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 961.8 M | |
| Cash And Short Term Investments | 14.7 B |
Kumba Iron Technical Analysis
Kumba Iron's future price can be derived by breaking down and analyzing its technical indicators over time. Kumba Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Kumba Iron Ore. In general, you should focus on analyzing Kumba Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
Kumba Iron Predictive Forecast Models
Kumba Iron's time-series forecasting models is one of many Kumba Iron's 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 Kumba Iron'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 pink sheet market movement and maximize returns from investment trading.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Kumba Iron in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Kumba Iron's short interest history, or implied volatility extrapolated from Kumba Iron options trading.
Additional Tools for Kumba Pink Sheet Analysis
When running Kumba Iron's price analysis, check to measure Kumba Iron'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 Kumba Iron is operating at the current time. Most of Kumba Iron's value examination focuses on studying past and present price action to predict the probability of Kumba Iron's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kumba Iron's price. Additionally, you may evaluate how the addition of Kumba Iron to your portfolios can decrease your overall portfolio volatility.