Mandalay Resources Corp Stock Probability of Future Stock Price Finishing Under 1.13
| MND Stock | CAD 3.61 0.05 1.37% |
Mandalay |
Mandalay Resources Target Price Odds to finish below 1.13
The tendency of Mandalay 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 C$ 1.13 or more in 90 days |
| 3.61 | 90 days | 1.13 | near 1 |
Based on a normal probability distribution, the odds of Mandalay Resources to drop to C$ 1.13 or more in 90 days from now is near 1 (This Mandalay Resources Corp probability density function shows the probability of Mandalay Stock to fall within a particular range of prices over 90 days) . Probability of Mandalay Resources Corp price to stay between C$ 1.13 and its current price of C$3.61 at the end of the 90-day period is over 95.87 .
Assuming the 90 days trading horizon Mandalay Resources Corp has a beta of -0.0521. This indicates as returns on the benchmark increase, returns on holding Mandalay Resources are expected to decrease at a much lower rate. During a bear market, however, Mandalay Resources Corp is likely to outperform the market. Additionally Mandalay Resources Corp has an alpha of 0.4, implying that it can generate a 0.4 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Mandalay Resources Price Density |
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Predictive Modules for Mandalay 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 Mandalay Resources 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.Mandalay Resources Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Mandalay Resources is not an exception. The market had few large corrections towards the Mandalay 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 Mandalay Resources Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Mandalay Resources within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.40 | |
β | Beta against Dow Jones | -0.05 | |
σ | Overall volatility | 0.19 | |
Ir | Information ratio | 0.11 |
Mandalay 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 Mandalay Resources for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Mandalay Resources 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.| Over 77.0% of the company shares are owned by institutional investors | |
| Latest headline from news.google.com: GoGold Resources And 2 Promising Penny Stocks On The TSX - Simply Wall St |
Mandalay 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 Mandalay Stock often depends not only on the future outlook of the current and potential Mandalay 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. Mandalay Resources' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 95 M | |
| Cash And Short Term Investments | 28.8 M |
Mandalay Resources Technical Analysis
Mandalay Resources' future price can be derived by breaking down and analyzing its technical indicators over time. Mandalay Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Mandalay Resources Corp. In general, you should focus on analyzing Mandalay Stock price patterns and their correlations with different microeconomic environments and drivers.
Mandalay Resources Predictive Forecast Models
Mandalay Resources' time-series forecasting models is one of many Mandalay 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 Mandalay 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 Mandalay Resources Corp
Checking the ongoing alerts about Mandalay Resources for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Mandalay Resources Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Over 77.0% of the company shares are owned by institutional investors | |
| Latest headline from news.google.com: GoGold Resources And 2 Promising Penny Stocks On The TSX - Simply Wall St |
Other Information on Investing in Mandalay Stock
Mandalay Resources financial ratios help investors to determine whether Mandalay 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 Mandalay with respect to the benefits of owning Mandalay Resources security.