Nevgold Corp Stock Probability of Future OTC Stock Price Finishing Under 0.17
| NAUFF Stock | USD 0.16 0.01 5.88% |
NevGold |
NevGold Corp Target Price Odds to finish below 0.17
The tendency of NevGold OTC 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 under $ 0.17 after 90 days |
| 0.16 | 90 days | 0.17 | about 15.54 |
Based on a normal probability distribution, the odds of NevGold Corp to stay under $ 0.17 after 90 days from now is about 15.54 (This NevGold Corp probability density function shows the probability of NevGold OTC Stock to fall within a particular range of prices over 90 days) . Probability of NevGold Corp price to stay between its current price of $ 0.16 and $ 0.17 at the end of the 90-day period is about 9.13 .
Assuming the 90 days horizon NevGold Corp has a beta of -1.09. This indicates Additionally NevGold Corp 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. NevGold Corp Price Density |
| Price |
Predictive Modules for NevGold Corp
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as NevGold Corp. Regardless of method or technology, however, to accurately forecast the otc stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the otc 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.NevGold Corp Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. NevGold Corp is not an exception. The market had few large corrections towards the NevGold Corp'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 NevGold Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of NevGold Corp within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.2 | |
β | Beta against Dow Jones | -1.09 | |
σ | Overall volatility | 0.02 | |
Ir | Information ratio | -0.07 |
NevGold Corp 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 NevGold Corp for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for NevGold 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.| NevGold Corp generated a negative expected return over the last 90 days | |
| NevGold Corp has high historical volatility and very poor performance | |
| NevGold Corp has some characteristics of a very speculative penny stock | |
| NevGold Corp has accumulated 279 K in total debt with debt to equity ratio (D/E) of 0.03, which may suggest the company is not taking enough advantage from borrowing. NevGold Corp has a current ratio of 0.3, 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 NevGold Corp until it has trouble settling it off, either with new capital or with free cash flow. So, NevGold Corp'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 NevGold Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for NevGold to invest in growth at high rates of return. When we think about NevGold Corp's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (2.89 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| NevGold Corp has accumulated about 87.13 K in cash with (1.24 M) of positive cash flow from operations. | |
| Roughly 46.0% of NevGold Corp outstanding shares are owned by corporate insiders |
NevGold Corp 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 NevGold OTC Stock often depends not only on the future outlook of the current and potential NevGold Corp'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. NevGold Corp's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 49.6 M |
NevGold Corp Technical Analysis
NevGold Corp's future price can be derived by breaking down and analyzing its technical indicators over time. NevGold OTC Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of NevGold Corp. In general, you should focus on analyzing NevGold OTC Stock price patterns and their correlations with different microeconomic environments and drivers.
NevGold Corp Predictive Forecast Models
NevGold Corp's time-series forecasting models is one of many NevGold Corp's otc 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 NevGold Corp'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 otc stock market movement and maximize returns from investment trading.
Things to note about NevGold Corp
Checking the ongoing alerts about NevGold Corp for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for NevGold Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| NevGold Corp generated a negative expected return over the last 90 days | |
| NevGold Corp has high historical volatility and very poor performance | |
| NevGold Corp has some characteristics of a very speculative penny stock | |
| NevGold Corp has accumulated 279 K in total debt with debt to equity ratio (D/E) of 0.03, which may suggest the company is not taking enough advantage from borrowing. NevGold Corp has a current ratio of 0.3, 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 NevGold Corp until it has trouble settling it off, either with new capital or with free cash flow. So, NevGold Corp'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 NevGold Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for NevGold to invest in growth at high rates of return. When we think about NevGold Corp's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (2.89 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| NevGold Corp has accumulated about 87.13 K in cash with (1.24 M) of positive cash flow from operations. | |
| Roughly 46.0% of NevGold Corp outstanding shares are owned by corporate insiders |
Other Information on Investing in NevGold OTC Stock
NevGold Corp financial ratios help investors to determine whether NevGold OTC 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 NevGold with respect to the benefits of owning NevGold Corp security.