Kore Mining Stock Probability of Future Stock Price Finishing Over 0.0438
| KORE Stock | CAD 0.03 0.01 25.00% |
Kore |
Kore Mining Target Price Odds to finish over 0.0438
The tendency of Kore 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$ 0.04 or more in 90 days |
| 0.03 | 90 days | 0.04 | about 8.86 |
Based on a normal probability distribution, the odds of Kore Mining to move over C$ 0.04 or more in 90 days from now is about 8.86 (This Kore Mining probability density function shows the probability of Kore Stock to fall within a particular range of prices over 90 days) . Probability of Kore Mining price to stay between its current price of C$ 0.03 and C$ 0.04 at the end of the 90-day period is about 85.2 .
Assuming the 90 days trading horizon Kore Mining has a beta of -0.33. This indicates as returns on the benchmark increase, returns on holding Kore Mining are expected to decrease at a much lower rate. During a bear market, however, Kore Mining is likely to outperform the market. Additionally Kore Mining has an alpha of 0.487, implying that it can generate a 0.49 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Kore Mining Price Density |
| Price |
Predictive Modules for Kore Mining
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Kore Mining. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Kore Mining's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Kore Mining Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Kore Mining is not an exception. The market had few large corrections towards the Kore Mining'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 Kore Mining, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Kore Mining within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.49 | |
β | Beta against Dow Jones | -0.33 | |
σ | Overall volatility | 0 | |
Ir | Information ratio | 0.03 |
Kore Mining 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 Kore Mining for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Kore Mining can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Kore Mining had very high historical volatility over the last 90 days | |
| Kore Mining has some characteristics of a very speculative penny stock | |
| Kore Mining has a very high chance of going through financial distress in the upcoming years | |
| Kore Mining has accumulated 297.58 K in total debt. Kore Mining has a current ratio of 0.24, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Kore Mining until it has trouble settling it off, either with new capital or with free cash flow. So, Kore Mining's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Kore Mining sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Kore to invest in growth at high rates of return. When we think about Kore Mining's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (1.56 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Kore Mining has accumulated about 41.82 K in cash with (1.01 M) of positive cash flow from operations. | |
| Roughly 34.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Kore Mining 3-Year EPS without NRI Growth Rate 45.30 percent - GuruFocus.com |
Kore Mining 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 Kore Stock often depends not only on the future outlook of the current and potential Kore Mining'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. Kore Mining's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 201.8 M |
Kore Mining Technical Analysis
Kore Mining's future price can be derived by breaking down and analyzing its technical indicators over time. Kore Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Kore Mining. In general, you should focus on analyzing Kore Stock price patterns and their correlations with different microeconomic environments and drivers.
Kore Mining Predictive Forecast Models
Kore Mining's time-series forecasting models is one of many Kore Mining'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 Kore Mining'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 Kore Mining
Checking the ongoing alerts about Kore Mining for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Kore Mining help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Kore Mining had very high historical volatility over the last 90 days | |
| Kore Mining has some characteristics of a very speculative penny stock | |
| Kore Mining has a very high chance of going through financial distress in the upcoming years | |
| Kore Mining has accumulated 297.58 K in total debt. Kore Mining has a current ratio of 0.24, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Kore Mining until it has trouble settling it off, either with new capital or with free cash flow. So, Kore Mining's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Kore Mining sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Kore to invest in growth at high rates of return. When we think about Kore Mining's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (1.56 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Kore Mining has accumulated about 41.82 K in cash with (1.01 M) of positive cash flow from operations. | |
| Roughly 34.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Kore Mining 3-Year EPS without NRI Growth Rate 45.30 percent - GuruFocus.com |
Additional Tools for Kore Stock Analysis
When running Kore Mining's price analysis, check to measure Kore Mining'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 Kore Mining is operating at the current time. Most of Kore Mining's value examination focuses on studying past and present price action to predict the probability of Kore Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kore Mining's price. Additionally, you may evaluate how the addition of Kore Mining to your portfolios can decrease your overall portfolio volatility.