Magna Mining Stock Probability of Future Stock Price Finishing Over 15.32
| NICU Stock | 1.53 0.04 2.55% |
Magna |
Magna Mining Target Price Odds to finish over 15.32
The tendency of Magna 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 over 15.32 or more in 90 days |
| 1.53 | 90 days | 15.32 | close to zero percent |
Based on a normal probability distribution, the odds of Magna Mining to move over 15.32 or more in 90 days from now is close to zero percent (This Magna Mining probability density function shows the probability of Magna Stock to fall within a particular range of prices over 90 days) . Probability of Magna Mining price to stay between its current price of 1.53 and 15.32 at the end of the 90-day period is about 9.41 .
Assuming the 90 days trading horizon the stock has the beta coefficient of 2.32 . 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, Magna Mining will likely underperform. Additionally Magna Mining has an alpha of 0.8281, implying that it can generate a 0.83 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Magna Mining Price Density |
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Predictive Modules for Magna Mining
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Magna 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.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Magna Mining'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.
Magna Mining Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Magna Mining is not an exception. The market had few large corrections towards the Magna Mining'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 Magna Mining, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Magna Mining within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.83 | |
β | Beta against Dow Jones | 2.32 | |
σ | Overall volatility | 0.19 | |
Ir | Information ratio | 0.19 |
Magna Mining 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 Magna Mining for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Magna 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.| Magna Mining may become a speculative penny stock | |
| Magna Mining appears to be risky and price may revert if volatility continues | |
| Net Loss for the year was (9.86 M) with loss before overhead, payroll, taxes, and interest of (199.72 K). | |
| Magna Mining generates negative cash flow from operations | |
| About 31.0% of the company outstanding shares are owned by corporate insiders |
Magna Mining 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 Magna Stock often depends not only on the future outlook of the current and potential Magna Mining'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. Magna Mining's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 163.4 M |
Magna Mining Technical Analysis
Magna Mining's future price can be derived by breaking down and analyzing its technical indicators over time. Magna Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Magna Mining. In general, you should focus on analyzing Magna Stock price patterns and their correlations with different microeconomic environments and drivers.
Magna Mining Predictive Forecast Models
Magna Mining's time-series forecasting models is one of many Magna Mining'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 Magna Mining'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 Magna Mining
Checking the ongoing alerts about Magna Mining for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Magna Mining help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Magna Mining may become a speculative penny stock | |
| Magna Mining appears to be risky and price may revert if volatility continues | |
| Net Loss for the year was (9.86 M) with loss before overhead, payroll, taxes, and interest of (199.72 K). | |
| Magna Mining generates negative cash flow from operations | |
| About 31.0% of the company outstanding shares are owned by corporate insiders |
Additional Tools for Magna Stock Analysis
When running Magna Mining's price analysis, check to measure Magna Mining'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 Magna Mining is operating at the current time. Most of Magna Mining's value examination focuses on studying past and present price action to predict the probability of Magna Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Magna Mining's price. Additionally, you may evaluate how the addition of Magna Mining to your portfolios can decrease your overall portfolio volatility.