NEWMONT PORATION (Australia) Probability of Future Stock Price Finishing Under 64.93
| NEM Stock | 64.40 0.10 0.16% |
NEWMONT |
NEWMONT PORATION Target Price Odds to finish below 64.93
The tendency of NEWMONT 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 64.93 after 90 days |
| 64.40 | 90 days | 64.93 | about 6.24 |
Based on a normal probability distribution, the odds of NEWMONT PORATION to stay under 64.93 after 90 days from now is about 6.24 (This NEWMONT PORATION CDI probability density function shows the probability of NEWMONT Stock to fall within a particular range of prices over 90 days) . Probability of NEWMONT PORATION CDI price to stay between its current price of 64.40 and 64.93 at the end of the 90-day period is near 1 .
Assuming the 90 days trading horizon NEWMONT PORATION has a beta of 0.51. This indicates as returns on the market go up, NEWMONT PORATION average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding NEWMONT PORATION CDI will be expected to be much smaller as well. Additionally NEWMONT PORATION CDI 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. NEWMONT PORATION Price Density |
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Predictive Modules for NEWMONT PORATION
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as NEWMONT PORATION CDI. 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.NEWMONT PORATION Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. NEWMONT PORATION is not an exception. The market had few large corrections towards the NEWMONT PORATION'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 NEWMONT PORATION CDI, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of NEWMONT PORATION within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.3 | |
β | Beta against Dow Jones | 0.51 | |
σ | Overall volatility | 6.46 | |
Ir | Information ratio | -0.14 |
NEWMONT PORATION 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 NEWMONT PORATION for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for NEWMONT PORATION CDI can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| NEWMONT PORATION CDI generated a negative expected return over the last 90 days | |
| The company reported the revenue of 11.81 B. Net Loss for the year was (2.47 B) with profit before overhead, payroll, taxes, and interest of 0. |
NEWMONT PORATION 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 NEWMONT Stock often depends not only on the future outlook of the current and potential NEWMONT PORATION'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. NEWMONT PORATION's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 841 M | |
| Cash And Short Term Investments | 3 B |
NEWMONT PORATION Technical Analysis
NEWMONT PORATION's future price can be derived by breaking down and analyzing its technical indicators over time. NEWMONT Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of NEWMONT PORATION CDI. In general, you should focus on analyzing NEWMONT Stock price patterns and their correlations with different microeconomic environments and drivers.
NEWMONT PORATION Predictive Forecast Models
NEWMONT PORATION's time-series forecasting models is one of many NEWMONT PORATION'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 NEWMONT PORATION'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 NEWMONT PORATION CDI
Checking the ongoing alerts about NEWMONT PORATION for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for NEWMONT PORATION CDI help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| NEWMONT PORATION CDI generated a negative expected return over the last 90 days | |
| The company reported the revenue of 11.81 B. Net Loss for the year was (2.47 B) with profit before overhead, payroll, taxes, and interest of 0. |
Additional Tools for NEWMONT Stock Analysis
When running NEWMONT PORATION's price analysis, check to measure NEWMONT PORATION'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 NEWMONT PORATION is operating at the current time. Most of NEWMONT PORATION's value examination focuses on studying past and present price action to predict the probability of NEWMONT PORATION's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NEWMONT PORATION's price. Additionally, you may evaluate how the addition of NEWMONT PORATION to your portfolios can decrease your overall portfolio volatility.