Metro Mining (Australia) Probability of Future Stock Price Finishing Under 0.0518
| MMI Stock | 0.06 0 6.78% |
Metro |
Metro Mining Target Price Odds to finish below 0.0518
The tendency of Metro 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 drop to 0.05 or more in 90 days |
| 0.06 | 90 days | 0.05 | about 78.19 |
Based on a normal probability distribution, the odds of Metro Mining to drop to 0.05 or more in 90 days from now is about 78.19 (This Metro Mining probability density function shows the probability of Metro Stock to fall within a particular range of prices over 90 days) . Probability of Metro Mining price to stay between 0.05 and its current price of 0.063 at the end of the 90-day period is about 20.47 .
Assuming the 90 days trading horizon Metro Mining has a beta of 0.17. This indicates as returns on the market go up, Metro Mining average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Metro Mining will be expected to be much smaller as well. Additionally Metro Mining has an alpha of 0.8922, implying that it can generate a 0.89 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Metro Mining Price Density |
| Price |
Predictive Modules for Metro 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 Metro Mining. 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.Metro Mining Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Metro Mining is not an exception. The market had few large corrections towards the Metro 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 Metro Mining, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Metro Mining within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.89 | |
β | Beta against Dow Jones | 0.17 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | 0.20 |
Metro 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 Metro Mining for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Metro Mining can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Metro Mining has some characteristics of a very speculative penny stock | |
| Metro Mining appears to be risky and price may revert if volatility continues | |
| The company reported the revenue of 235.84 M. Net Loss for the year was (13.48 M) with loss before overhead, payroll, taxes, and interest of (29.48 M). | |
| About 31.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: AMEC 2024 Awards Metro Minings Legacy Kaolin Mine Rehabilitation takes top environmental honours - Aluminium Circle |
Metro 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 Metro Stock often depends not only on the future outlook of the current and potential Metro 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. Metro Mining's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 4.4 B | |
| Cash And Short Term Investments | 12.1 M |
Metro Mining Technical Analysis
Metro Mining's future price can be derived by breaking down and analyzing its technical indicators over time. Metro Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Metro Mining. In general, you should focus on analyzing Metro Stock price patterns and their correlations with different microeconomic environments and drivers.
Metro Mining Predictive Forecast Models
Metro Mining's time-series forecasting models is one of many Metro 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 Metro 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 Metro Mining
Checking the ongoing alerts about Metro Mining for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Metro Mining help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Metro Mining has some characteristics of a very speculative penny stock | |
| Metro Mining appears to be risky and price may revert if volatility continues | |
| The company reported the revenue of 235.84 M. Net Loss for the year was (13.48 M) with loss before overhead, payroll, taxes, and interest of (29.48 M). | |
| About 31.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: AMEC 2024 Awards Metro Minings Legacy Kaolin Mine Rehabilitation takes top environmental honours - Aluminium Circle |
Additional Tools for Metro Stock Analysis
When running Metro Mining's price analysis, check to measure Metro 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 Metro Mining is operating at the current time. Most of Metro Mining's value examination focuses on studying past and present price action to predict the probability of Metro 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 Metro Mining's price. Additionally, you may evaluate how the addition of Metro Mining to your portfolios can decrease your overall portfolio volatility.