New Destiny Mining Stock Probability of Future Stock Price Finishing Under 0.04
| NED Stock | CAD 0.04 0.01 20.00% |
New |
New Destiny Target Price Odds to finish below 0.04
The tendency of New 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 below current price in 90 days |
| 0.04 | 90 days | 0.04 | roughly 2.35 |
Based on a normal probability distribution, the odds of New Destiny to move below current price in 90 days from now is roughly 2.35 (This New Destiny Mining probability density function shows the probability of New Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days horizon the stock has the beta coefficient of 2.07 . 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, New Destiny will likely underperform. Additionally New Destiny Mining 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. New Destiny Price Density |
| Price |
Predictive Modules for New Destiny
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as New Destiny Mining. 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.New Destiny Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. New Destiny is not an exception. The market had few large corrections towards the New Destiny'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 New Destiny Mining, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of New Destiny within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.78 | |
β | Beta against Dow Jones | 2.07 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | -0.08 |
New Destiny 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 New Destiny for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for New Destiny Mining can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| New Destiny Mining generated a negative expected return over the last 90 days | |
| New Destiny Mining has high historical volatility and very poor performance | |
| New Destiny Mining has some characteristics of a very speculative penny stock | |
| New Destiny Mining has high likelihood to experience some financial distress in the next 2 years | |
| New Destiny Mining has accumulated 21.07 K in total debt with debt to equity ratio (D/E) of 0.24, which may suggest the company is not taking enough advantage from borrowing. New Destiny Mining has a current ratio of 0.05, 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 New Destiny until it has trouble settling it off, either with new capital or with free cash flow. So, New Destiny'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 New Destiny Mining sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for New to invest in growth at high rates of return. When we think about New Destiny's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (740.64 K) with profit before overhead, payroll, taxes, and interest of 0. | |
| New Destiny Mining has accumulated about 8.49 K in cash with (18.29 K) of positive cash flow from operations. | |
| Latest headline from news.google.com: New Destiny Mining Market Cap C0.90 Mil - GuruFocus.com |
New Destiny 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 New Stock often depends not only on the future outlook of the current and potential New Destiny'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. New Destiny's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 22.6 M |
New Destiny Technical Analysis
New Destiny's future price can be derived by breaking down and analyzing its technical indicators over time. New Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of New Destiny Mining. In general, you should focus on analyzing New Stock price patterns and their correlations with different microeconomic environments and drivers.
New Destiny Predictive Forecast Models
New Destiny's time-series forecasting models is one of many New Destiny'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 New Destiny'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 New Destiny Mining
Checking the ongoing alerts about New Destiny for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for New Destiny Mining help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| New Destiny Mining generated a negative expected return over the last 90 days | |
| New Destiny Mining has high historical volatility and very poor performance | |
| New Destiny Mining has some characteristics of a very speculative penny stock | |
| New Destiny Mining has high likelihood to experience some financial distress in the next 2 years | |
| New Destiny Mining has accumulated 21.07 K in total debt with debt to equity ratio (D/E) of 0.24, which may suggest the company is not taking enough advantage from borrowing. New Destiny Mining has a current ratio of 0.05, 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 New Destiny until it has trouble settling it off, either with new capital or with free cash flow. So, New Destiny'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 New Destiny Mining sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for New to invest in growth at high rates of return. When we think about New Destiny's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (740.64 K) with profit before overhead, payroll, taxes, and interest of 0. | |
| New Destiny Mining has accumulated about 8.49 K in cash with (18.29 K) of positive cash flow from operations. | |
| Latest headline from news.google.com: New Destiny Mining Market Cap C0.90 Mil - GuruFocus.com |
Additional Tools for New Stock Analysis
When running New Destiny's price analysis, check to measure New Destiny'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 New Destiny is operating at the current time. Most of New Destiny's value examination focuses on studying past and present price action to predict the probability of New Destiny's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move New Destiny's price. Additionally, you may evaluate how the addition of New Destiny to your portfolios can decrease your overall portfolio volatility.