Millbank Mining Corp Stock Probability of Future Stock Price Finishing Over 13.81
| MILL Stock | 0.49 0.02 4.26% |
Millbank |
Millbank Mining Target Price Odds to finish over 13.81
The tendency of Millbank 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 13.81 or more in 90 days |
| 0.49 | 90 days | 13.81 | close to zero percent |
Based on a normal probability distribution, the odds of Millbank Mining to move over 13.81 or more in 90 days from now is close to zero percent (This Millbank Mining Corp probability density function shows the probability of Millbank Stock to fall within a particular range of prices over 90 days) . Probability of Millbank Mining Corp price to stay between its current price of 0.49 and 13.81 at the end of the 90-day period is about 39.46 .
Assuming the 90 days trading horizon the stock has the beta coefficient of 1.25 . This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Millbank Mining will likely underperform. Additionally Millbank Mining Corp has an alpha of 0.2573, implying that it can generate a 0.26 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Millbank Mining Price Density |
| Price |
Predictive Modules for Millbank 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 Millbank Mining 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.Millbank Mining Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Millbank Mining is not an exception. The market had few large corrections towards the Millbank 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 Millbank Mining Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Millbank Mining within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.26 | |
β | Beta against Dow Jones | 1.25 | |
σ | Overall volatility | 0.04 | |
Ir | Information ratio | 0.06 |
Millbank 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 Millbank Mining for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Millbank Mining 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.| Millbank Mining Corp has some characteristics of a very speculative penny stock | |
| Millbank Mining Corp had very high historical volatility over the last 90 days | |
| Millbank Mining Corp has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (95.15 K) with profit before overhead, payroll, taxes, and interest of 0. | |
| Millbank Mining generates negative cash flow from operations | |
| Latest headline from news.google.com: Primary Hydrogen Expands with New Projects in BC - TipRanks |
Millbank 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 Millbank Stock often depends not only on the future outlook of the current and potential Millbank 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. Millbank Mining's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 11.5 M |
Millbank Mining Technical Analysis
Millbank Mining's future price can be derived by breaking down and analyzing its technical indicators over time. Millbank Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Millbank Mining Corp. In general, you should focus on analyzing Millbank Stock price patterns and their correlations with different microeconomic environments and drivers.
Millbank Mining Predictive Forecast Models
Millbank Mining's time-series forecasting models is one of many Millbank 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 Millbank 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 Millbank Mining Corp
Checking the ongoing alerts about Millbank Mining for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Millbank Mining Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Millbank Mining Corp has some characteristics of a very speculative penny stock | |
| Millbank Mining Corp had very high historical volatility over the last 90 days | |
| Millbank Mining Corp has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (95.15 K) with profit before overhead, payroll, taxes, and interest of 0. | |
| Millbank Mining generates negative cash flow from operations | |
| Latest headline from news.google.com: Primary Hydrogen Expands with New Projects in BC - TipRanks |
Additional Tools for Millbank Stock Analysis
When running Millbank Mining's price analysis, check to measure Millbank 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 Millbank Mining is operating at the current time. Most of Millbank Mining's value examination focuses on studying past and present price action to predict the probability of Millbank 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 Millbank Mining's price. Additionally, you may evaluate how the addition of Millbank Mining to your portfolios can decrease your overall portfolio volatility.