Lundin Gold Stock Probability of Future Stock Price Finishing Under 18.3
| LUG Stock | CAD 32.24 0.46 1.45% |
Lundin |
Lundin Gold Target Price Odds to finish below 18.3
The tendency of Lundin 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 drop to C$ 18.30 or more in 90 days |
| 32.24 | 90 days | 18.30 | near 1 |
Based on a normal probability distribution, the odds of Lundin Gold to drop to C$ 18.30 or more in 90 days from now is near 1 (This Lundin Gold probability density function shows the probability of Lundin Stock to fall within a particular range of prices over 90 days) . Probability of Lundin Gold price to stay between C$ 18.30 and its current price of C$32.24 at the end of the 90-day period is about 73.21 .
Assuming the 90 days trading horizon Lundin Gold has a beta of -0.6. This indicates as returns on the benchmark increase, returns on holding Lundin Gold are expected to decrease at a much lower rate. During a bear market, however, Lundin Gold is likely to outperform the market. Additionally Lundin Gold has an alpha of 0.3248, implying that it can generate a 0.32 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Lundin Gold Price Density |
| Price |
Predictive Modules for Lundin 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 Lundin Gold. 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.Lundin Gold Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Lundin Gold is not an exception. The market had few large corrections towards the Lundin 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 Lundin Gold, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Lundin Gold within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.32 | |
β | Beta against Dow Jones | -0.6 | |
σ | Overall volatility | 2.63 | |
Ir | Information ratio | 0.06 |
Lundin 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 Lundin Gold for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Lundin Gold can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Lundin Gold is unlikely to experience financial distress in the next 2 years | |
| Lundin Gold has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| About 59.0% of the company outstanding shares are owned by corporate insiders |
Lundin 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 Lundin Stock often depends not only on the future outlook of the current and potential Lundin 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. Lundin Gold's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 239.2 M | |
| Cash And Short Term Investments | 268 M |
Lundin Gold Technical Analysis
Lundin Gold's future price can be derived by breaking down and analyzing its technical indicators over time. Lundin Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Lundin Gold. In general, you should focus on analyzing Lundin Stock price patterns and their correlations with different microeconomic environments and drivers.
Lundin Gold Predictive Forecast Models
Lundin Gold's time-series forecasting models is one of many Lundin 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 Lundin 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 Lundin Gold
Checking the ongoing alerts about Lundin Gold for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Lundin Gold help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Lundin Gold is unlikely to experience financial distress in the next 2 years | |
| Lundin Gold has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| About 59.0% of the company outstanding shares are owned by corporate insiders |
Other Information on Investing in Lundin Stock
Lundin Gold financial ratios help investors to determine whether Lundin Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Lundin with respect to the benefits of owning Lundin Gold security.