Northern Dynasty Minerals Stock Probability of Future Stock Price Finishing Under 0.64
| NDM Stock | CAD 0.70 0.02 2.94% |
Northern |
Northern Dynasty Target Price Odds to finish below 0.64
The tendency of Northern 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$ 0.64 or more in 90 days |
| 0.70 | 90 days | 0.64 | about 81.79 |
Based on a normal probability distribution, the odds of Northern Dynasty to drop to C$ 0.64 or more in 90 days from now is about 81.79 (This Northern Dynasty Minerals probability density function shows the probability of Northern Stock to fall within a particular range of prices over 90 days) . Probability of Northern Dynasty Minerals price to stay between C$ 0.64 and its current price of C$0.7 at the end of the 90-day period is about 12.58 .
Assuming the 90 days trading horizon the stock has the beta coefficient of 2.9 . 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, Northern Dynasty will likely underperform. Additionally Northern Dynasty Minerals has an alpha of 0.4642, implying that it can generate a 0.46 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Northern Dynasty Price Density |
| Price |
Predictive Modules for Northern Dynasty
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Northern Dynasty 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.Northern Dynasty Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Northern Dynasty is not an exception. The market had few large corrections towards the Northern Dynasty'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 Northern Dynasty Minerals, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Northern Dynasty within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.46 | |
β | Beta against Dow Jones | 2.90 | |
σ | Overall volatility | 0.09 | |
Ir | Information ratio | 0.15 |
Northern Dynasty 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 Northern Dynasty for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Northern Dynasty 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.| Northern Dynasty has some characteristics of a very speculative penny stock | |
| Northern Dynasty appears to be risky and price may revert if volatility continues | |
| Net Loss for the year was (21 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Northern Dynasty Minerals has accumulated about 22.29 M in cash with (22.11 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.03. | |
| Latest headline from news.google.com: Northern Dynasty Minerals Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2024 - Marketscreener.com |
Northern Dynasty 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 Northern Stock often depends not only on the future outlook of the current and potential Northern Dynasty'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. Northern Dynasty's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 530.3 M | |
| Cash And Short Term Investments | 18.2 M |
Northern Dynasty Technical Analysis
Northern Dynasty's future price can be derived by breaking down and analyzing its technical indicators over time. Northern Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Northern Dynasty Minerals. In general, you should focus on analyzing Northern Stock price patterns and their correlations with different microeconomic environments and drivers.
Northern Dynasty Predictive Forecast Models
Northern Dynasty's time-series forecasting models is one of many Northern Dynasty'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 Northern Dynasty'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 Northern Dynasty Minerals
Checking the ongoing alerts about Northern Dynasty for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Northern Dynasty Minerals help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Northern Dynasty has some characteristics of a very speculative penny stock | |
| Northern Dynasty appears to be risky and price may revert if volatility continues | |
| Net Loss for the year was (21 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Northern Dynasty Minerals has accumulated about 22.29 M in cash with (22.11 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.03. | |
| Latest headline from news.google.com: Northern Dynasty Minerals Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2024 - Marketscreener.com |
Check out Northern Dynasty Backtesting, Northern Dynasty Valuation, Northern Dynasty Correlation, Northern Dynasty Hype Analysis, Northern Dynasty Volatility, Northern Dynasty History as well as Northern Dynasty Performance. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.