Magellan Gold Corp Stock Probability of Future Pink Sheet Price Finishing Under 0
| MAGE Stock | USD 0.09 0.03 25.00% |
Magellan |
Magellan Gold Target Price Odds to finish below 0
The tendency of Magellan 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 $ 0.00 or more in 90 days |
| 0.09 | 90 days | 0.00 | near 1 |
Based on a normal probability distribution, the odds of Magellan Gold to drop to $ 0.00 or more in 90 days from now is near 1 (This Magellan Gold Corp probability density function shows the probability of Magellan Pink Sheet to fall within a particular range of prices over 90 days) . Probability of Magellan Gold Corp price to stay between $ 0.00 and its current price of $0.09 at the end of the 90-day period is near 1 .
Given the investment horizon of 90 days Magellan Gold Corp has a beta of -0.72. This indicates as returns on the benchmark increase, returns on holding Magellan Gold are expected to decrease at a much lower rate. During a bear market, however, Magellan Gold Corp is likely to outperform the market. Additionally Magellan Gold Corp 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. Magellan Gold Price Density |
| Price |
Predictive Modules for Magellan 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 Magellan Gold Corp. 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.Magellan Gold Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Magellan Gold is not an exception. The market had few large corrections towards the Magellan 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 Magellan Gold Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Magellan Gold within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.13 | |
β | Beta against Dow Jones | -0.72 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | -0.05 |
Magellan 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 Magellan Gold for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Magellan 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.| Magellan Gold Corp generated a negative expected return over the last 90 days | |
| Magellan Gold Corp has high historical volatility and very poor performance | |
| Magellan Gold Corp has some characteristics of a very speculative penny stock | |
| Magellan Gold Corp has a very high chance of going through financial distress in the upcoming years | |
| Net Loss for the year was (2.06 M) with loss before overhead, payroll, taxes, and interest of (253.59 K). | |
| Magellan Gold Corp currently holds about 2.71 K in cash with (312.88 K) of positive cash flow from operations. | |
| Roughly 39.0% of the company outstanding shares are owned by corporate insiders |
Magellan 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 Magellan Pink Sheet often depends not only on the future outlook of the current and potential Magellan 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. Magellan Gold's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 9.5 M | |
| Cash And Short Term Investments | 18.8 K |
Magellan Gold Technical Analysis
Magellan Gold's future price can be derived by breaking down and analyzing its technical indicators over time. Magellan Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Magellan Gold Corp. In general, you should focus on analyzing Magellan Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
Magellan Gold Predictive Forecast Models
Magellan Gold's time-series forecasting models is one of many Magellan Gold'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 Magellan 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 pink sheet market movement and maximize returns from investment trading.
Things to note about Magellan Gold Corp
Checking the ongoing alerts about Magellan Gold for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Magellan Gold Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Magellan Gold Corp generated a negative expected return over the last 90 days | |
| Magellan Gold Corp has high historical volatility and very poor performance | |
| Magellan Gold Corp has some characteristics of a very speculative penny stock | |
| Magellan Gold Corp has a very high chance of going through financial distress in the upcoming years | |
| Net Loss for the year was (2.06 M) with loss before overhead, payroll, taxes, and interest of (253.59 K). | |
| Magellan Gold Corp currently holds about 2.71 K in cash with (312.88 K) of positive cash flow from operations. | |
| Roughly 39.0% of the company outstanding shares are owned by corporate insiders |
Other Information on Investing in Magellan Pink Sheet
Magellan Gold financial ratios help investors to determine whether Magellan Pink Sheet 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 Magellan with respect to the benefits of owning Magellan Gold security.