North Arrow Minerals Stock Probability of Future Stock Price Finishing Over 0.2
| NAR Stock | CAD 0.14 0.01 7.69% |
North |
North Arrow Target Price Odds to finish over 0.2
The tendency of North 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$ 0.20 or more in 90 days |
| 0.14 | 90 days | 0.20 | about 50.0 |
Based on a normal probability distribution, the odds of North Arrow to move over C$ 0.20 or more in 90 days from now is about 50.0 (This North Arrow Minerals probability density function shows the probability of North Stock to fall within a particular range of prices over 90 days) . Probability of North Arrow Minerals price to stay between its current price of C$ 0.14 and C$ 0.20 at the end of the 90-day period is about 42.19 .
Assuming the 90 days horizon the stock has the beta coefficient of 3.24 . 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, North Arrow will likely underperform. Additionally North Arrow Minerals has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. North Arrow Price Density |
| Price |
Predictive Modules for North Arrow
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as North Arrow Minerals. 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.North Arrow Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. North Arrow is not an exception. The market had few large corrections towards the North Arrow'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 North Arrow Minerals, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of North Arrow within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.78 | |
β | Beta against Dow Jones | 3.24 | |
σ | Overall volatility | 0.04 | |
Ir | Information ratio | -0.04 |
North Arrow 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 North Arrow for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for North Arrow Minerals can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| North Arrow Minerals had very high historical volatility over the last 90 days | |
| North Arrow Minerals has some characteristics of a very speculative penny stock | |
| North Arrow Minerals has high likelihood to experience some financial distress in the next 2 years | |
| North Arrow Minerals has accumulated 571.99 K in total debt with debt to equity ratio (D/E) of 0.02, which may suggest the company is not taking enough advantage from borrowing. North Arrow Minerals has a current ratio of 0.97, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist North Arrow until it has trouble settling it off, either with new capital or with free cash flow. So, North Arrow's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like North Arrow Minerals sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for North to invest in growth at high rates of return. When we think about North Arrow's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (907.6 K) with loss before overhead, payroll, taxes, and interest of (64.77 K). | |
| North Arrow Minerals has accumulated about 2.39 M in cash with (883.31 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.02. | |
| Roughly 18.0% of North Arrow outstanding shares are owned by corporate insiders |
North Arrow 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 North Stock often depends not only on the future outlook of the current and potential North Arrow'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. North Arrow's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 174 M | |
| Cash And Short Term Investments | 429.8 K |
North Arrow Technical Analysis
North Arrow's future price can be derived by breaking down and analyzing its technical indicators over time. North Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of North Arrow Minerals. In general, you should focus on analyzing North Stock price patterns and their correlations with different microeconomic environments and drivers.
North Arrow Predictive Forecast Models
North Arrow's time-series forecasting models is one of many North Arrow'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 North Arrow'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 North Arrow Minerals
Checking the ongoing alerts about North Arrow for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for North Arrow Minerals help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| North Arrow Minerals had very high historical volatility over the last 90 days | |
| North Arrow Minerals has some characteristics of a very speculative penny stock | |
| North Arrow Minerals has high likelihood to experience some financial distress in the next 2 years | |
| North Arrow Minerals has accumulated 571.99 K in total debt with debt to equity ratio (D/E) of 0.02, which may suggest the company is not taking enough advantage from borrowing. North Arrow Minerals has a current ratio of 0.97, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist North Arrow until it has trouble settling it off, either with new capital or with free cash flow. So, North Arrow's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like North Arrow Minerals sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for North to invest in growth at high rates of return. When we think about North Arrow's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (907.6 K) with loss before overhead, payroll, taxes, and interest of (64.77 K). | |
| North Arrow Minerals has accumulated about 2.39 M in cash with (883.31 K) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.02. | |
| Roughly 18.0% of North Arrow outstanding shares are owned by corporate insiders |
Additional Tools for North Stock Analysis
When running North Arrow's price analysis, check to measure North Arrow'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 North Arrow is operating at the current time. Most of North Arrow's value examination focuses on studying past and present price action to predict the probability of North Arrow's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move North Arrow's price. Additionally, you may evaluate how the addition of North Arrow to your portfolios can decrease your overall portfolio volatility.