Mkango Resources Stock Probability of Future Stock Price Finishing Over 10.76
| MKA Stock | CAD 0.15 0.03 16.67% |
Mkango |
Mkango Resources Target Price Odds to finish over 10.76
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 move over C$ 10.76 or more in 90 days |
| 0.15 | 90 days | 10.76 | close to zero percent |
Based on a normal probability distribution, the odds of Mkango Resources to move over C$ 10.76 or more in 90 days from now is close to zero percent (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 its current price of C$ 0.15 and C$ 10.76 at the end of the 90-day period is roughly 2.49 .
Assuming the 90 days horizon Mkango Resources has a beta of 0.0581. This indicates as returns on the market go up, Mkango Resources average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Mkango Resources will be expected to be much smaller as well. Moreover Mkango Resources has an alpha of 1.0803, implying that it can generate a 1.08 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Mkango Resources Price Density |
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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 | 1.08 | |
β | Beta against Dow Jones | 0.06 | |
σ | Overall volatility | 0.02 | |
Ir | Information ratio | 0.09 |
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 has some characteristics of a very speculative penny stock | |
| 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 (4.18 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Mkango Resources has accumulated about 11.06 M in cash with (3.56 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.1. | |
| Roughly 37.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Mkango Resources Operating Cash Flow per Share -0.01 - GuruFocus.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 | 253.5 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 has some characteristics of a very speculative penny stock | |
| 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 (4.18 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Mkango Resources has accumulated about 11.06 M in cash with (3.56 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.1. | |
| Roughly 37.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Mkango Resources Operating Cash Flow per Share -0.01 - GuruFocus.com |
Additional Tools for Mkango Stock Analysis
When running Mkango Resources' price analysis, check to measure Mkango Resources' 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 Mkango Resources is operating at the current time. Most of Mkango Resources' value examination focuses on studying past and present price action to predict the probability of Mkango Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mkango Resources' price. Additionally, you may evaluate how the addition of Mkango Resources to your portfolios can decrease your overall portfolio volatility.