Noram Lithium Corp Stock Probability of Future Stock Price Finishing Over 0.13
| NRM Stock | CAD 0.13 0.01 8.33% |
Noram |
Noram Lithium Target Price Odds to finish over 0.13
The tendency of Noram 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 above the current price in 90 days |
| 0.13 | 90 days | 0.13 | about 76.41 |
Based on a normal probability distribution, the odds of Noram Lithium to move above the current price in 90 days from now is about 76.41 (This Noram Lithium Corp probability density function shows the probability of Noram Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days horizon Noram Lithium Corp has a beta of -0.8. This indicates as returns on the benchmark increase, returns on holding Noram Lithium are expected to decrease at a much lower rate. During a bear market, however, Noram Lithium Corp is likely to outperform the market. Additionally Noram Lithium Corp 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. Noram Lithium Price Density |
| Price |
Predictive Modules for Noram Lithium
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Noram Lithium Corp. 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.Noram Lithium Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Noram Lithium is not an exception. The market had few large corrections towards the Noram Lithium'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 Noram Lithium Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Noram Lithium within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.3 | |
β | Beta against Dow Jones | -0.8 | |
σ | Overall volatility | 0.01 | |
Ir | Information ratio | -0.11 |
Noram Lithium 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 Noram Lithium for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Noram Lithium Corp can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Noram Lithium Corp generated a negative expected return over the last 90 days | |
| Noram Lithium Corp has some characteristics of a very speculative penny stock | |
| Noram Lithium Corp has high historical volatility and very poor performance | |
| Noram Lithium Corp has high likelihood to experience some financial distress in the next 2 years | |
| Noram Lithium Corp has accumulated 55.68 K in total debt with debt to equity ratio (D/E) of 8.5, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Noram Lithium Corp has a current ratio of 0.54, 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 Noram Lithium until it has trouble settling it off, either with new capital or with free cash flow. So, Noram Lithium'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 Noram Lithium Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Noram to invest in growth at high rates of return. When we think about Noram Lithium's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (5.66 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Noram Lithium Corp has accumulated about 110.84 K in cash with (4.88 M) of positive cash flow from operations. | |
| Roughly 12.0% of Noram Lithium outstanding shares are owned by corporate insiders |
Noram Lithium 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 Noram Stock often depends not only on the future outlook of the current and potential Noram Lithium'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. Noram Lithium's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 88.9 M | |
| Cash And Short Term Investments | 3.6 M |
Noram Lithium Technical Analysis
Noram Lithium's future price can be derived by breaking down and analyzing its technical indicators over time. Noram Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Noram Lithium Corp. In general, you should focus on analyzing Noram Stock price patterns and their correlations with different microeconomic environments and drivers.
Noram Lithium Predictive Forecast Models
Noram Lithium's time-series forecasting models is one of many Noram Lithium'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 Noram Lithium'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 Noram Lithium Corp
Checking the ongoing alerts about Noram Lithium for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Noram Lithium Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Noram Lithium Corp generated a negative expected return over the last 90 days | |
| Noram Lithium Corp has some characteristics of a very speculative penny stock | |
| Noram Lithium Corp has high historical volatility and very poor performance | |
| Noram Lithium Corp has high likelihood to experience some financial distress in the next 2 years | |
| Noram Lithium Corp has accumulated 55.68 K in total debt with debt to equity ratio (D/E) of 8.5, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Noram Lithium Corp has a current ratio of 0.54, 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 Noram Lithium until it has trouble settling it off, either with new capital or with free cash flow. So, Noram Lithium'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 Noram Lithium Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Noram to invest in growth at high rates of return. When we think about Noram Lithium's use of debt, we should always consider it together with cash and equity. | |
| Net Loss for the year was (5.66 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Noram Lithium Corp has accumulated about 110.84 K in cash with (4.88 M) of positive cash flow from operations. | |
| Roughly 12.0% of Noram Lithium outstanding shares are owned by corporate insiders |
Additional Tools for Noram Stock Analysis
When running Noram Lithium's price analysis, check to measure Noram Lithium'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 Noram Lithium is operating at the current time. Most of Noram Lithium's value examination focuses on studying past and present price action to predict the probability of Noram Lithium's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Noram Lithium's price. Additionally, you may evaluate how the addition of Noram Lithium to your portfolios can decrease your overall portfolio volatility.