Kingsmen Resources Stock Probability of Future Stock Price Finishing Over 25.70
| KNG Stock | CAD 0.40 0.01 2.44% |
Kingsmen |
Kingsmen Resources Target Price Odds to finish over 25.70
The tendency of Kingsmen 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 over C$ 25.70 or more in 90 days |
| 0.40 | 90 days | 25.70 | close to zero percent |
Based on a normal probability distribution, the odds of Kingsmen Resources to move over C$ 25.70 or more in 90 days from now is close to zero percent (This Kingsmen Resources probability density function shows the probability of Kingsmen Stock to fall within a particular range of prices over 90 days) . Probability of Kingsmen Resources price to stay between its current price of C$ 0.40 and C$ 25.70 at the end of the 90-day period is about 5.17 .
Assuming the 90 days horizon Kingsmen Resources has a beta of -0.41. This indicates as returns on the benchmark increase, returns on holding Kingsmen Resources are expected to decrease at a much lower rate. During a bear market, however, Kingsmen Resources is likely to outperform the market. Additionally Kingsmen Resources has an alpha of 0.9237, implying that it can generate a 0.92 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Kingsmen Resources Price Density |
| Price |
Predictive Modules for Kingsmen 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 Kingsmen 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.Kingsmen Resources Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Kingsmen Resources is not an exception. The market had few large corrections towards the Kingsmen 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 Kingsmen Resources, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Kingsmen Resources within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.92 | |
β | Beta against Dow Jones | -0.41 | |
σ | Overall volatility | 0.06 | |
Ir | Information ratio | 0.09 |
Kingsmen 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 Kingsmen Resources for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Kingsmen 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.| Kingsmen Resources is way too risky over 90 days horizon | |
| Kingsmen Resources has some characteristics of a very speculative penny stock | |
| Kingsmen Resources appears to be risky and price may revert if volatility continues | |
| Net Loss for the year was (479.53 K) with profit before overhead, payroll, taxes, and interest of 0. | |
| Kingsmen Resources has accumulated about 769.32 K in cash with (472.71 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.03. | |
| Latest headline from news.google.com: Kingsmen Resources Unveils 3 High-Grade Drilling Targets at Las Coloradas Project KNGRF Stock News - StockTitan |
Kingsmen 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 Kingsmen Stock often depends not only on the future outlook of the current and potential Kingsmen 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. Kingsmen Resources' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 19.3 M |
Kingsmen Resources Technical Analysis
Kingsmen Resources' future price can be derived by breaking down and analyzing its technical indicators over time. Kingsmen Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Kingsmen Resources. In general, you should focus on analyzing Kingsmen Stock price patterns and their correlations with different microeconomic environments and drivers.
Kingsmen Resources Predictive Forecast Models
Kingsmen Resources' time-series forecasting models is one of many Kingsmen 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 Kingsmen 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 Kingsmen Resources
Checking the ongoing alerts about Kingsmen Resources for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Kingsmen Resources help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Kingsmen Resources is way too risky over 90 days horizon | |
| Kingsmen Resources has some characteristics of a very speculative penny stock | |
| Kingsmen Resources appears to be risky and price may revert if volatility continues | |
| Net Loss for the year was (479.53 K) with profit before overhead, payroll, taxes, and interest of 0. | |
| Kingsmen Resources has accumulated about 769.32 K in cash with (472.71 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.03. | |
| Latest headline from news.google.com: Kingsmen Resources Unveils 3 High-Grade Drilling Targets at Las Coloradas Project KNGRF Stock News - StockTitan |
Additional Tools for Kingsmen Stock Analysis
When running Kingsmen Resources' price analysis, check to measure Kingsmen 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 Kingsmen Resources is operating at the current time. Most of Kingsmen Resources' value examination focuses on studying past and present price action to predict the probability of Kingsmen Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kingsmen Resources' price. Additionally, you may evaluate how the addition of Kingsmen Resources to your portfolios can decrease your overall portfolio volatility.