Northern Minerals Exploration Stock Probability of Future Pink Sheet Price Finishing Over 0.18
| NMEX Stock | USD 0.18 0.02 12.50% |
Northern |
Northern Minerals Target Price Odds to finish over 0.18
The tendency of Northern Pink Sheet 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 above the current price in 90 days |
| 0.18 | 90 days | 0.18 | about 39.03 |
Based on a normal probability distribution, the odds of Northern Minerals to move above the current price in 90 days from now is about 39.03 (This Northern Minerals Exploration probability density function shows the probability of Northern Pink Sheet to fall within a particular range of prices over 90 days) .
Given the investment horizon of 90 days the pink sheet has the beta coefficient of 2.67 . 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 Minerals will likely underperform. In addition to that Northern Minerals Exploration has an alpha of 3.0815, implying that it can generate a 3.08 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Northern Minerals Price Density |
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Predictive Modules for Northern Minerals
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 Minerals. Regardless of method or technology, however, to accurately forecast the pink sheet market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the pink sheet 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 Northern Minerals' 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.
Northern Minerals Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Northern Minerals is not an exception. The market had few large corrections towards the Northern Minerals' 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 Minerals Exploration, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Northern Minerals within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 3.08 | |
β | Beta against Dow Jones | 2.67 | |
σ | Overall volatility | 0.04 | |
Ir | Information ratio | 0.11 |
Northern Minerals 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 Minerals for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Northern 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 Minerals is way too risky over 90 days horizon | |
| Northern Minerals has some characteristics of a very speculative penny stock | |
| Northern Minerals appears to be risky and price may revert if volatility continues | |
| Northern Minerals has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Northern Minerals Exploration currently holds 84 K in liabilities with Debt to Equity (D/E) ratio of 91.9, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Northern Minerals has a current ratio of 0.05, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Northern Minerals until it has trouble settling it off, either with new capital or with free cash flow. So, Northern Minerals' 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 Northern Minerals sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Northern to invest in growth at high rates of return. When we think about Northern Minerals' use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (149.28 K) with loss before overhead, payroll, taxes, and interest of (1 K). | |
| Northern Minerals Exploration currently holds about 23.98 K in cash with (165.7 K) of positive cash flow from operations. | |
| Roughly 24.0% of Northern Minerals outstanding shares are owned by corporate insiders |
Northern Minerals 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 Pink Sheet often depends not only on the future outlook of the current and potential Northern Minerals' 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 Minerals' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 77.9 M | |
| Cash And Short Term Investments | 25.8 K |
Northern Minerals Technical Analysis
Northern Minerals' future price can be derived by breaking down and analyzing its technical indicators over time. Northern Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Northern Minerals Exploration. In general, you should focus on analyzing Northern Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
Northern Minerals Predictive Forecast Models
Northern Minerals' time-series forecasting models is one of many Northern Minerals' pink sheet 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 Minerals' 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 pink sheet market movement and maximize returns from investment trading.
Things to note about Northern Minerals
Checking the ongoing alerts about Northern Minerals for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Northern Minerals help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Northern Minerals is way too risky over 90 days horizon | |
| Northern Minerals has some characteristics of a very speculative penny stock | |
| Northern Minerals appears to be risky and price may revert if volatility continues | |
| Northern Minerals has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Northern Minerals Exploration currently holds 84 K in liabilities with Debt to Equity (D/E) ratio of 91.9, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Northern Minerals has a current ratio of 0.05, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Northern Minerals until it has trouble settling it off, either with new capital or with free cash flow. So, Northern Minerals' 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 Northern Minerals sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Northern to invest in growth at high rates of return. When we think about Northern Minerals' use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (149.28 K) with loss before overhead, payroll, taxes, and interest of (1 K). | |
| Northern Minerals Exploration currently holds about 23.98 K in cash with (165.7 K) of positive cash flow from operations. | |
| Roughly 24.0% of Northern Minerals outstanding shares are owned by corporate insiders |
Additional Tools for Northern Pink Sheet Analysis
When running Northern Minerals' price analysis, check to measure Northern Minerals' 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 Northern Minerals is operating at the current time. Most of Northern Minerals' value examination focuses on studying past and present price action to predict the probability of Northern Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Northern Minerals' price. Additionally, you may evaluate how the addition of Northern Minerals to your portfolios can decrease your overall portfolio volatility.