Mkango Resources (UK) Probability of Future Stock Price Finishing Over 5.85
| MKA Stock | 7.65 0.25 3.16% |
Mkango |
Mkango Resources Target Price Odds to finish over 5.85
The tendency of Mkango 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 5.85 in 90 days |
| 7.65 | 90 days | 5.85 | about 71.44 |
Based on a normal probability distribution, the odds of Mkango Resources to stay above 5.85 in 90 days from now is about 71.44 (This Mkango Resources probability density function shows the probability of Mkango Stock to fall within a particular range of prices over 90 days) . Probability of Mkango Resources price to stay between 5.85 and its current price of 7.65 at the end of the 90-day period is about 56.21 .
Assuming the 90 days trading horizon the stock has the beta coefficient of 1.04 . This indicates Mkango Resources market returns are highly-sensitive to returns on the market. As the market goes up or down, Mkango Resources is expected to follow. Additionally Mkango Resources has an alpha of 0.2921, implying that it can generate a 0.29 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Mkango Resources Price Density |
| Price |
Predictive Modules for Mkango Resources
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Mkango Resources. 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.Mkango Resources Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Mkango Resources is not an exception. The market had few large corrections towards the Mkango Resources' 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 Mkango Resources, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Mkango Resources within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.29 | |
β | Beta against Dow Jones | 1.04 | |
σ | Overall volatility | 1.13 | |
Ir | Information ratio | 0.05 |
Mkango Resources 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 Mkango Resources for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Mkango Resources can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Mkango Resources is way too risky over 90 days horizon | |
| Mkango Resources appears to be risky and price may revert if volatility continues | |
| Mkango Resources has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (4.06 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Mkango Resources generates negative cash flow from operations | |
| About 37.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Mkango Resources enlists Cohen Co as financial advisor - Investing.com |
Mkango Resources 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 Mkango Stock often depends not only on the future outlook of the current and potential Mkango Resources' 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. Mkango Resources' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 238.8 M | |
| Cash And Short Term Investments | 996.8 K |
Mkango Resources Technical Analysis
Mkango Resources' future price can be derived by breaking down and analyzing its technical indicators over time. Mkango Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Mkango Resources. In general, you should focus on analyzing Mkango Stock price patterns and their correlations with different microeconomic environments and drivers.
Mkango Resources Predictive Forecast Models
Mkango Resources' time-series forecasting models is one of many Mkango Resources' 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 Mkango Resources' 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 Mkango Resources
Checking the ongoing alerts about Mkango Resources for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Mkango Resources help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Mkango Resources is way too risky over 90 days horizon | |
| Mkango Resources appears to be risky and price may revert if volatility continues | |
| Mkango Resources has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (4.06 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Mkango Resources generates negative cash flow from operations | |
| About 37.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Mkango Resources enlists Cohen Co as financial advisor - Investing.com |
Other Information on Investing in Mkango Stock
Mkango Resources financial ratios help investors to determine whether Mkango 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 Mkango with respect to the benefits of owning Mkango Resources security.