Lumina Gold Corp Stock Probability of Future Stock Price Finishing Over 0.46
| LUM Stock | CAD 0.51 0.01 1.92% |
Lumina |
Lumina Gold Target Price Odds to finish over 0.46
The tendency of Lumina 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 above C$ 0.46 in 90 days |
| 0.51 | 90 days | 0.46 | about 91.95 |
Based on a normal probability distribution, the odds of Lumina Gold to stay above C$ 0.46 in 90 days from now is about 91.95 (This Lumina Gold Corp probability density function shows the probability of Lumina Stock to fall within a particular range of prices over 90 days) . Probability of Lumina Gold Corp price to stay between C$ 0.46 and its current price of C$0.51 at the end of the 90-day period is about 32.71 .
Assuming the 90 days horizon Lumina Gold Corp has a beta of -0.59. This indicates as returns on the benchmark increase, returns on holding Lumina Gold are expected to decrease at a much lower rate. During a bear market, however, Lumina Gold Corp is likely to outperform the market. Additionally Lumina Gold Corp has an alpha of 0.1641, implying that it can generate a 0.16 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Lumina Gold Price Density |
| Price |
Predictive Modules for Lumina 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 Lumina 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.Lumina Gold Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Lumina Gold is not an exception. The market had few large corrections towards the Lumina 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 Lumina Gold Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Lumina Gold within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.16 | |
β | Beta against Dow Jones | -0.59 | |
σ | Overall volatility | 0.04 | |
Ir | Information ratio | -0.01 |
Lumina 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 Lumina Gold for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Lumina 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.| Lumina Gold Corp has some characteristics of a very speculative penny stock | |
| Lumina Gold Corp had very high historical volatility over the last 90 days | |
| Lumina Gold Corp has high likelihood to experience some financial distress in the next 2 years | |
| Lumina Gold Corp has accumulated 46.73 K in total debt with debt to equity ratio (D/E) of 1.99, which is about average as compared to similar companies. Lumina Gold Corp has a current ratio of 0.05, 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 Lumina Gold until it has trouble settling it off, either with new capital or with free cash flow. So, Lumina Gold'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 Lumina Gold Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Lumina to invest in growth at high rates of return. When we think about Lumina Gold's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (17.25 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Lumina Gold Corp has accumulated about 112.36 K in cash with (15.51 M) of positive cash flow from operations. | |
| Roughly 34.0% of Lumina Gold outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Lumina Gold Issues 7.8M Stock Options, 3.3M RSUs in Major Compensation Plan LMGDF Stock News - StockTitan |
Lumina 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 Lumina Stock often depends not only on the future outlook of the current and potential Lumina 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. Lumina Gold's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 415.8 M | |
| Cash And Short Term Investments | 13.6 M |
Lumina Gold Technical Analysis
Lumina Gold's future price can be derived by breaking down and analyzing its technical indicators over time. Lumina Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Lumina Gold Corp. In general, you should focus on analyzing Lumina Stock price patterns and their correlations with different microeconomic environments and drivers.
Lumina Gold Predictive Forecast Models
Lumina Gold's time-series forecasting models is one of many Lumina 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 Lumina 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 Lumina Gold Corp
Checking the ongoing alerts about Lumina Gold for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Lumina Gold Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Lumina Gold Corp has some characteristics of a very speculative penny stock | |
| Lumina Gold Corp had very high historical volatility over the last 90 days | |
| Lumina Gold Corp has high likelihood to experience some financial distress in the next 2 years | |
| Lumina Gold Corp has accumulated 46.73 K in total debt with debt to equity ratio (D/E) of 1.99, which is about average as compared to similar companies. Lumina Gold Corp has a current ratio of 0.05, 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 Lumina Gold until it has trouble settling it off, either with new capital or with free cash flow. So, Lumina Gold'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 Lumina Gold Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Lumina to invest in growth at high rates of return. When we think about Lumina Gold's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (17.25 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Lumina Gold Corp has accumulated about 112.36 K in cash with (15.51 M) of positive cash flow from operations. | |
| Roughly 34.0% of Lumina Gold outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Lumina Gold Issues 7.8M Stock Options, 3.3M RSUs in Major Compensation Plan LMGDF Stock News - StockTitan |
Additional Tools for Lumina Stock Analysis
When running Lumina Gold's price analysis, check to measure Lumina 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 Lumina Gold is operating at the current time. Most of Lumina Gold's value examination focuses on studying past and present price action to predict the probability of Lumina 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 Lumina Gold's price. Additionally, you may evaluate how the addition of Lumina Gold to your portfolios can decrease your overall portfolio volatility.