Newcore Gold Stock Probability of Future Stock Price Finishing Over 0.2945
| NCAU Stock | CAD 0.32 0.01 3.23% |
Newcore |
Newcore Gold Target Price Odds to finish over 0.2945
The tendency of Newcore 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 above C$ 0.29 in 90 days |
| 0.32 | 90 days | 0.29 | about 97.0 |
Based on a normal probability distribution, the odds of Newcore Gold to stay above C$ 0.29 in 90 days from now is about 97.0 (This Newcore Gold probability density function shows the probability of Newcore Stock to fall within a particular range of prices over 90 days) . Probability of Newcore Gold price to stay between C$ 0.29 and its current price of C$0.32 at the end of the 90-day period is about 28.78 .
Assuming the 90 days trading horizon Newcore Gold has a beta of 0.0571. This indicates as returns on the market go up, Newcore Gold average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Newcore Gold will be expected to be much smaller as well. Additionally Newcore Gold has an alpha of 0.0033, implying that it can generate a 0.003254 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Newcore Gold Price Density |
| Price |
Predictive Modules for Newcore Gold
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Newcore Gold. 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Newcore Gold's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Newcore Gold Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Newcore Gold is not an exception. The market had few large corrections towards the Newcore Gold'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 Newcore Gold, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Newcore Gold within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0 | |
β | Beta against Dow Jones | 0.06 | |
σ | Overall volatility | 0.02 | |
Ir | Information ratio | -0.03 |
Newcore Gold 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 Newcore Gold for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Newcore Gold can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Newcore Gold has some characteristics of a very speculative penny stock | |
| Newcore Gold had very high historical volatility over the last 90 days | |
| Newcore Gold has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (2.42 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Newcore Gold has accumulated about 13.21 M in cash with (1.99 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.14. | |
| Roughly 18.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Newcore Gold drills 204 gt gold over 1.0 metre and 3.36 gt gold over 28.0 metres at Enchi Gold Project, Ghana - Resource World Magazine |
Newcore Gold 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 Newcore Stock often depends not only on the future outlook of the current and potential Newcore Gold'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. Newcore Gold's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 172.8 M |
Newcore Gold Technical Analysis
Newcore Gold's future price can be derived by breaking down and analyzing its technical indicators over time. Newcore Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Newcore Gold. In general, you should focus on analyzing Newcore Stock price patterns and their correlations with different microeconomic environments and drivers.
Newcore Gold Predictive Forecast Models
Newcore Gold's time-series forecasting models is one of many Newcore Gold'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 Newcore Gold'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 Newcore Gold
Checking the ongoing alerts about Newcore Gold for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Newcore Gold help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Newcore Gold has some characteristics of a very speculative penny stock | |
| Newcore Gold had very high historical volatility over the last 90 days | |
| Newcore Gold has high likelihood to experience some financial distress in the next 2 years | |
| Net Loss for the year was (2.42 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Newcore Gold has accumulated about 13.21 M in cash with (1.99 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.14. | |
| Roughly 18.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from news.google.com: Newcore Gold drills 204 gt gold over 1.0 metre and 3.36 gt gold over 28.0 metres at Enchi Gold Project, Ghana - Resource World Magazine |
Additional Tools for Newcore Stock Analysis
When running Newcore Gold's price analysis, check to measure Newcore Gold'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 Newcore Gold is operating at the current time. Most of Newcore Gold's value examination focuses on studying past and present price action to predict the probability of Newcore Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Newcore Gold's price. Additionally, you may evaluate how the addition of Newcore Gold to your portfolios can decrease your overall portfolio volatility.